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

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $100.17, for a total value of $1,212,057.00. Following the completion of the sale, the chief executive officer owned 22,998 shares of the company’s stock, valued at $2,303,709.66. The trade was a 34.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Stock Up 3.2%

Shares of Zoom Communications stock traded up $3.20 on Friday, hitting $104.50. The stock had a trading volume of 3,359,306 shares, compared to its average volume of 4,213,534. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $114.74. The stock has a market cap of $30.64 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 5.40 and a beta of 1.00. The stock’s 50-day simple moving average is $92.53 and its two-hundred day simple moving average is $89.76.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Thursday, May 21st. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.42 by $0.13. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $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, equities analysts predict that Zoom Communications, Inc. will post 4.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Zoom Communications

A number of institutional investors have recently bought and sold shares of ZM. Advocate Investing Services LLC purchased a new position in shares of Zoom Communications during the 4th quarter worth approximately $26,000. Strive Financial Group LLC bought a new position in shares of Zoom Communications in the 4th quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Zoom Communications by 133.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Rexford Capital Inc. lifted its stake in shares of Zoom Communications by 45.7% in the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after purchasing an additional 122 shares during the period. Finally, Sound Income Strategies LLC boosted its position in shares of Zoom Communications by 94.8% during the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on ZM. Citigroup raised their target price on Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Piper Sandler upped their price target on Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. BTIG Research increased their price objective on Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Mizuho lifted their price objective on Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Finally, Cantor Fitzgerald boosted their target price on Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Zoom Communications presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

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.