Zoom Communications, Inc. $ZM Shares Purchased by Optas LLC

Optas LLC lifted its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 348.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,013 shares of the company’s stock after buying an additional 8,559 shares during the quarter. Optas LLC’s holdings in Zoom Communications were worth $950,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new stake in shares of Zoom Communications during the fourth quarter worth $28,000. Root Financial Partners LLC purchased a new stake in Zoom Communications in the third quarter valued at approximately $33,000. Sound Income Strategies LLC increased its position in Zoom Communications by 94.8% during the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Quent Capital LLC acquired a new position in Zoom Communications during the third quarter worth approximately $34,000. Finally, Cloud Capital Management LLC purchased a new position in Zoom Communications during the third quarter worth approximately $42,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Trading Up 2.9%

Shares of NASDAQ ZM opened at $90.56 on Tuesday. The stock has a fifty day moving average price of $81.97 and a 200 day moving average price of $84.10. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $97.58. The company has a market cap of $26.69 billion, a P/E ratio of 14.61, a P/E/G ratio of 5.04 and a beta of 0.88.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $1.41 EPS. Zoom Communications’s quarterly revenue was up 5.3% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, sell-side analysts forecast that Zoom Communications, Inc. will post 3.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Zoom Communications in a report on Friday, March 13th. Sanford C. Bernstein cut their target price on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Zoom Communications in a report on Monday, December 29th. BTIG Research lowered their price target on Zoom Communications from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, Piper Sandler upped their price target on Zoom Communications from $85.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Fourteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $95.32.

Insider Buying and Selling

In other news, CEO Eric S. Yuan sold 69,923 shares of the business’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $81.22, for a total transaction of $5,679,146.06. Following the transaction, the chief executive officer directly owned 36,796 shares of the company’s stock, valued at approximately $2,988,571.12. The trade was a 65.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 2,643 shares of the company’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $87.32, for a total transaction of $230,786.76. Following the completion of the transaction, the director owned 150,799 shares of the company’s stock, valued at $13,167,768.68. This trade represents a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 126,001 shares of company stock worth $10,461,258 in the last 90 days. 10.78% of the stock is owned by insiders.

Zoom Communications Profile

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.