Kerrisdale Advisers LLC Cuts Holdings in Zoom Communications, Inc. $ZM

Kerrisdale Advisers LLC cut its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 31.7% during the second quarter, Holdings Channel.com reports. The fund owned 31,869 shares of the company’s stock after selling 14,780 shares during the period. Kerrisdale Advisers LLC’s holdings in Zoom Communications were worth $2,751,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advocate Investing Services LLC purchased a new position in Zoom Communications during the fourth quarter worth approximately $26,000. Strive Financial Group LLC purchased a new stake in shares of Zoom Communications in the fourth quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Zoom Communications by 133.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. Rexford Capital Inc. raised its stake in shares of Zoom Communications by 45.7% during the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock worth $31,000 after buying an additional 122 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of Zoom Communications by 83.3% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock worth $38,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insider Buying and Selling at Zoom Communications

In other news, insider Velchamy Sankarlingam sold 7,644 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $91.98, for a total value of $703,095.12. Following the transaction, the insider directly owned 148,403 shares of the company’s stock, valued at approximately $13,650,107.94. This trade represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the business’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $90.80, for a total transaction of $770,801.20. Following the transaction, the chief financial officer owned 35,452 shares in the company, valued at $3,219,041.60. The trade was a 19.32% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 50,881 shares of company stock valued at $5,075,782 over the last ninety days. 8.83% of the stock is currently owned by corporate insiders.

Zoom Communications Stock Performance

Shares of ZM opened at $98.43 on Monday. Zoom Communications, Inc. has a one year low of $70.70 and a one year high of $114.74. The stock has a market capitalization of $28.86 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 5.01 and a beta of 1.00. The stock has a 50 day moving average price of $94.65 and a 200 day moving average price of $91.41.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.53 EPS. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. On average, analysts predict that Zoom Communications, Inc. will post 4.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ZM has been the topic of a number of research analyst reports. UBS Group lifted their price target on shares of Zoom Communications from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, August 20th. Piper Sandler upped their price objective on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Benchmark increased their price objective on shares of Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Mizuho lifted their target price 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. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $104.00 target price on shares of Zoom Communications in a research note on Monday, August 24th. Sixteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $112.55.

Zoom Communications News Summary

Here are the key news stories impacting Zoom Communications this week:

• Positive Sentiment: Zoom reported fiscal Q2 revenue of $1.28 billion, up 4.9% year over year, and adjusted EPS of $1.55, exceeding analyst estimates of $1.27 billion and $1.48, respectively. Enterprise revenue grew 7.8% to $787.5 million, while remaining performance obligations increased 14%, indicating solid demand from larger customers. Zoom Communications Q2 2027 Earnings Call Summary
• Positive Sentiment: ZM recently moved above its 50-day moving average, a technical development that can signal improving short-term momentum and may attract additional technical buyers. Zoom Communications Breaks Above 50-Day Moving Average
• Positive Sentiment: Some analysts remain constructive: Needham reiterated a “Buy” rating, while another analysis cited Zoom’s cash position, 24.6% GAAP operating margin and potential value from its Anthropic investment as reasons for optimism. Needham Reiterates Buy Rating
• Neutral Sentiment: Analyst views remain mixed. Citizens JMP assigned a “Market Perform” rating and KeyCorp reaffirmed “Sector Weight,” suggesting the earnings beat may already be reflected in the stock’s valuation. Citizens JMP Market Perform Rating
• Negative Sentiment: Growth remains uneven: online revenue increased only 0.6% to $489.7 million, and management’s third-quarter profit outlook was weaker than expected. The cautious guidance overshadowed the quarterly earnings beat and raised concerns about Zoom’s ability to accelerate companywide growth through AI and enterprise products. Zoom Enterprise and Online Revenue Analysis

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.