Krilogy Financial LLC Has $1.08 Million Stake in Zoom Communications, Inc. $ZM

Krilogy Financial LLC cut its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 53.1% in the first quarter, Holdings Channel.com reports. The firm owned 12,481 shares of the company’s stock after selling 14,151 shares during the quarter. Krilogy Financial LLC’s holdings in Zoom Communications were worth $1,082,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ZM. Kestra Advisory Services LLC lifted its holdings in shares of Zoom Communications by 2.0% in the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock valued at $512,000 after purchasing an additional 116 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Zoom Communications by 0.5% during the fourth quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock worth $2,094,000 after buying an additional 123 shares in the last quarter. Root Financial Partners LLC raised its position in Zoom Communications by 33.5% in the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock valued at $47,000 after buying an additional 136 shares during the last quarter. MAI Capital Management raised its position in Zoom Communications by 34.7% in the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock valued at $48,000 after buying an additional 149 shares during the last quarter. Finally, Prudential PLC lifted its stake in Zoom Communications by 5.7% in the 4th quarter. Prudential PLC now owns 3,040 shares of the company’s stock valued at $262,000 after acquiring an additional 164 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Trading Down 3.0%

NASDAQ ZM opened at $82.88 on Friday. Zoom Communications, Inc. has a 12 month low of $69.15 and a 12 month high of $114.74. The stock has a 50 day moving average of $96.85 and a 200-day moving average of $88.88. The company has a market cap of $24.30 billion, a PE ratio of 12.17, a PEG ratio of 4.72 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.13. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 earnings per share. 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, sell-side analysts predict that Zoom Communications, Inc. will post 4.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ZM shares. Jefferies Financial Group raised their price target on shares of Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Piper Sandler raised their target price on shares of Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. Robert W. Baird lifted their price target on shares of Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Argus raised shares of Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Finally, Citigroup increased their price objective on shares of Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.33.

Insider Activity

In related news, Director Santiago Subotovsky sold 5,274 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $109.78, for a total value of $578,979.72. Following the completion of the sale, the director directly owned 137,608 shares in the company, valued at approximately $15,106,606.24. This trade represents a 3.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of Zoom Communications stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $87.62, for a total value of $1,129,071.32. Following the transaction, the chief operating officer owned 1,978 shares of the company’s stock, valued at $173,312.36. The trade was a 86.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 156,638 shares of company stock valued at $13,900,194 in the last 90 days. 8.83% of the stock is owned by company insiders.

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.