Zoom Communications (NASDAQ:ZM) CEO Eric Yuan Sells 12,100 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total value of $1,350,481.00. The sale 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.

Zoom Communications Stock Down 0.9%

Shares of ZM stock opened at $105.21 on Friday. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The business’s 50 day moving average is $93.91 and its two-hundred day moving average is $88.06. The company has a market cap of $30.85 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 6.08 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company posted $1.43 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. As a group, equities analysts expect that Zoom Communications, Inc. will post 3.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on ZM shares. HSBC increased their price target on Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday. Royal Bank Of Canada raised their price objective on shares of Zoom Communications from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. KeyCorp upgraded shares of Zoom Communications from an “underweight” rating to a “sector weight” rating in a research note on Friday, May 22nd. Morgan Stanley raised their price objective on shares of Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Finally, Piper Sandler raised their price objective on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Zoom Communications has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ZM. NewEdge Advisors LLC lifted its position in Zoom Communications by 16.8% in the first quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after purchasing an additional 1,153 shares during the period. Intech Investment Management LLC lifted its position in Zoom Communications by 59.1% in the first quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock worth $1,238,000 after purchasing an additional 6,235 shares during the period. Geneos Wealth Management Inc. lifted its position in Zoom Communications by 82.0% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after purchasing an additional 397 shares during the period. Sivia Capital Partners LLC bought a new position in Zoom Communications in the second quarter worth $217,000. Finally, Invesco Ltd. lifted its position in Zoom Communications by 7.0% in the second quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock worth $56,942,000 after purchasing an additional 47,749 shares during the period. 66.54% of the stock is owned by institutional investors.

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.