Plato Investment Management Ltd Takes $603,000 Position in Zoom Communications, Inc. $ZM

Plato Investment Management Ltd acquired a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the second quarter, HoldingsChannel reports. The fund acquired 7,023 shares of the company’s stock, valued at approximately $603,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Zoom Communications during the 4th quarter valued at $509,788,000. AQR Capital Management LLC grew its holdings in shares of Zoom Communications by 43.9% in the fourth quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company’s stock worth $1,052,328,000 after acquiring an additional 3,718,186 shares during the period. Atreides Management LP purchased a new stake in Zoom Communications during the first quarter valued at $105,761,000. Two Sigma Investments LP bought a new position in Zoom Communications in the third quarter valued at about $86,709,000. Finally, Vanguard Group Inc. boosted its position in Zoom Communications by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company’s stock worth $2,327,002,000 after purchasing an additional 1,029,623 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ZM shares. Jefferies Financial Group upped their price target on shares of Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Mizuho boosted their price objective on shares of Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. BTIG Research increased their target price on shares of Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. HSBC raised their price target on Zoom Communications from $107.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $130.00 price objective on shares of Zoom Communications in a research report on Thursday, July 23rd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Insiders Place Their Bets

In other news, Director Santiago Subotovsky sold 7,911 shares of Zoom Communications stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $101.33, for a total transaction of $801,621.63. Following the completion of the sale, the director directly owned 127,060 shares in the company, valued at approximately $12,874,989.80. This trade represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $100.17, for a total transaction of $1,212,057.00. Following the sale, the chief executive officer directly owned 22,998 shares of the company’s stock, valued at $2,303,709.66. This represents a 34.47% 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 sold a total of 56,155 shares of company stock valued at $5,654,761 over the last quarter. 8.83% of the stock is currently owned by insiders.

Zoom Communications Trading Down 0.8%

Zoom Communications stock opened at $104.71 on Wednesday. Zoom Communications, Inc. has a 12-month low of $70.70 and a 12-month high of $114.74. The firm has a 50-day moving average price of $92.79 and a 200-day moving average price of $90.81. The firm has a market capitalization of $30.70 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 5.68 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data 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. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The firm’s quarterly revenue 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, sell-side analysts predict that Zoom Communications, Inc. will post 4.21 earnings per share for the current fiscal year.

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.