Zoom Communications, Inc. $ZM Shares Sold by Essential Partners LLC

Essential Partners LLC cut its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 74.9% in the first quarter, Holdings Channel.com reports. The firm owned 4,668 shares of the company’s stock after selling 13,906 shares during the quarter. Essential Partners LLC’s holdings in Zoom Communications were worth $375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ZM. Kestra Advisory Services LLC lifted its position in Zoom Communications by 2.0% during the fourth quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after buying an additional 116 shares in the last quarter. 3Chopt Investment Partners LLC boosted its stake in Zoom Communications by 1.6% during the first quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company’s stock worth $592,000 after buying an additional 119 shares during the last quarter. Rexford Capital Inc. boosted its stake in Zoom Communications by 45.7% during the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after buying an additional 122 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Zoom Communications by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock valued at $2,094,000 after buying an additional 123 shares in the last quarter. Finally, Root Financial Partners LLC grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Buying and Selling

In related news, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total transaction of $1,350,481.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 2,637 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $90.15, for a total transaction of $237,725.55. Following the completion of the sale, the director owned 138,554 shares in the company, valued at approximately $12,490,643.10. This trade represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 45,874 shares of company stock valued at $4,789,950. 8.83% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on ZM shares. KeyCorp raised Zoom Communications from an “underweight” rating to a “sector weight” rating in a research note on Friday, May 22nd. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a research report on Thursday, July 23rd. Mizuho upped their price objective on shares of Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Wells Fargo & Company upped their price objective on shares of Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Finally, HSBC raised their price objective on shares of Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, Zoom Communications currently has a consensus rating of “Moderate Buy” and an average target price of $109.33.

Zoom Communications Stock Performance

Shares of Zoom Communications stock opened at $96.07 on Friday. The stock has a 50 day moving average of $92.61 and a 200 day moving average of $89.22. The firm has a market capitalization of $28.17 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 4.95 and a beta of 1.01. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $114.74.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business earned $1.43 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. 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. Analysts forecast that Zoom Communications, Inc. will post 4.21 EPS for the current year.

Zoom Communications Company 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.