NorthCrest Asset Manangement LLC Acquires 12,092 Shares of Zoom Communications, Inc. $ZM

NorthCrest Asset Manangement LLC grew its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 262.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,706 shares of the company’s stock after purchasing an additional 12,092 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Zoom Communications were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in ZM. Elevation Point Wealth Partners LLC acquired a new position in Zoom Communications in the second quarter valued at approximately $27,000. REAP Financial Group LLC increased its stake in shares of Zoom Communications by 181.7% in the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after acquiring an additional 229 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Zoom Communications during the 2nd quarter valued at $31,000. Quent Capital LLC bought a new position in Zoom Communications during the third quarter worth $34,000. Finally, SJS Investment Consulting Inc. grew its holdings in Zoom Communications by 2,957.9% in the third quarter. SJS Investment Consulting Inc. now owns 581 shares of the company’s stock worth $48,000 after purchasing an additional 562 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Activity

In related news, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $86.01, for a total transaction of $212,874.75. Following the completion of the sale, the director directly owned 145,219 shares of the company’s stock, valued at approximately $12,490,286.19. This trade represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Velchamy Sankarlingam sold 7,568 shares of Zoom Communications stock in a transaction on Monday, January 12th. The stock was sold at an average price of $86.55, for a total value of $655,010.40. Following the sale, the insider owned 136,182 shares in the company, valued at $11,786,552.10. This trade represents a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 378,986 shares of company stock worth $32,094,375. Corporate insiders own 10.78% of the company’s stock.

Analyst Upgrades and Downgrades

ZM has been the subject of a number of research analyst reports. BTIG Research began coverage on Zoom Communications in a research report on Tuesday, December 16th. They issued a “buy” rating and a $105.00 target price for the company. Rosenblatt Securities reissued a “buy” rating and issued a $115.00 price objective on shares of Zoom Communications in a research note on Tuesday, November 25th. Sanford C. Bernstein restated a “market perform” rating and set a $90.00 price objective on shares of Zoom Communications in a report on Tuesday, November 25th. Wedbush reiterated an “outperform” rating and issued a $95.00 target price on shares of Zoom Communications in a report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Zoom Communications from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Zoom Communications has an average rating of “Moderate Buy” and a consensus price target of $93.82.

Zoom Communications Price Performance

ZM opened at $81.32 on Wednesday. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $91.43. The company has a market capitalization of $24.08 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 7.27 and a beta of 0.87. The firm’s fifty day moving average price is $85.30 and its two-hundred day moving average price is $81.52.

Zoom Communications (NASDAQ:ZM) last announced its earnings results on Monday, November 24th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted $1.38 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. As a group, equities analysts anticipate that Zoom Communications, Inc. will post 2.93 EPS for the current year.

About Zoom Communications

Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company’s platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom’s product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.

Founded in 2011 by Eric S.