Insider Selling: Zoom Communications (NASDAQ:ZM) Director Sells 2,637 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,637 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $89.56, for a total value of $236,169.72. Following the sale, the director directly owned 113,875 shares in the company, valued at approximately $10,198,645. This trade represents a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Santiago Subotovsky also recently made the following trade(s):

• On Wednesday, October 28th, Santiago Subotovsky sold 1,442 shares of Zoom Communications stock. The shares were sold at an average price of $100.14, for a total transaction of $144,401.88.
• On Thursday, October 15th, Santiago Subotovsky sold 717 shares of Zoom Communications stock. The shares were sold at an average price of $96.63, for a total transaction of $69,283.71.
• On Thursday, October 22nd, Santiago Subotovsky sold 20 shares of Zoom Communications stock. The stock was sold at an average price of $100.43, for a total transaction of $2,008.60.
• On Wednesday, October 21st, Santiago Subotovsky sold 3,812 shares of Zoom Communications stock. The stock was sold at an average price of $100.56, for a total transaction of $383,334.72.
• On Monday, October 5th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The shares were sold at an average price of $93.74, for a total transaction of $247,192.38.
• On Tuesday, September 8th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The shares were sold at an average price of $96.63, for a total transaction of $254,813.31.

Zoom Communications Trading Up 2.0%

ZM traded up $1.83 on Monday, reaching $91.71. The stock had a trading volume of 2,657,744 shares, compared to its average volume of 3,816,969. Zoom Communications, Inc. has a 12-month low of $70.70 and a 12-month high of $114.74. The business’s 50-day moving average price is $94.50 and its two-hundred day moving average price is $92.12. The company has a market cap of $26.76 billion, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 4.01 and a beta of 1.02.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.07. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $1.53 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. 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. As a group, analysts predict that Zoom Communications, Inc. will post 4.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Yorkville Ives assumed coverage on Zoom Communications in a research report on Tuesday, October 6th. They set an “outperform” rating and a $120.00 price target on the stock. UBS Group dropped their price objective on Zoom Communications from $115.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, October 21st. Oppenheimer upgraded Zoom Communications from a “market perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a research report on Wednesday, October 21st. Bank of America assumed coverage on Zoom Communications in a research note on Wednesday, August 19th. They set a “buy” rating and a $130.00 target price for the company. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $104.00 target price on shares of Zoom Communications in a research report on Wednesday, October 21st. Sixteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.48.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. raised its position in 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 purchasing an additional 200 shares during the period. Strategic Investment Solutions Inc. IL lifted its stake in shares of Zoom Communications by 400.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 500 shares of the company’s stock valued at $43,000 after purchasing an additional 400 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in shares of Zoom Communications by 133.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 477 shares of the company’s stock valued at $43,000 after purchasing an additional 273 shares during the last quarter. Provenance Wealth Advisors LLC purchased a new position in shares of Zoom Communications during the 3rd quarter worth $43,000. Finally, Fortitude Family Office LLC grew its holdings in shares of Zoom Communications by 27.2% during the 3rd quarter. Fortitude Family Office LLC now owns 533 shares of the company’s stock worth $48,000 after purchasing an additional 114 shares during the period. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Zoom Communications Company Profile

Zoom Communications provides cloud-based collaboration and communications software for businesses, organizations and individual users. Its products include Zoom Meetings for video conferencing, Zoom Team Chat, Zoom Phone, Zoom Rooms and tools for webinars and online events. The company also offers Zoom Contact Center and other services designed to support customer interactions and workplace collaboration.

Founded in 2011 by Eric Yuan, Zoom became widely known for its video-conferencing service.