Geode Capital Management LLC Buys 23,910 Shares of Zoom Communications, Inc. $ZM

Geode Capital Management LLC boosted its position in Zoom Communications, Inc. (NASDAQ:ZM) by 0.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,795,307 shares of the company’s stock after acquiring an additional 23,910 shares during the quarter. Geode Capital Management LLC’s holdings in Zoom Communications were worth $373,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ZM. Brighton Jones LLC bought a new stake in Zoom Communications during the second quarter worth $817,000. Circle Wealth Management LLC boosted its holdings in Zoom Communications by 201.6% during the 1st quarter. Circle Wealth Management LLC now owns 20,391 shares of the company’s stock worth $1,504,000 after acquiring an additional 13,629 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Zoom Communications by 2.4% in the 2nd quarter. Nordea Investment Management AB now owns 864,519 shares of the company’s stock worth $67,147,000 after acquiring an additional 20,642 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Zoom Communications in the first quarter valued at about $308,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Zoom Communications by 1.0% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 357,199 shares of the company’s stock valued at $27,854,000 after purchasing an additional 3,581 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Insider Buying and Selling

In other news, insider Velchamy Sankarlingam sold 7,660 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $628,120.00. Following the completion of the transaction, the insider directly owned 132,795 shares of the company’s stock, valued at $10,889,190. This trade represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction on Monday, October 6th. The shares were sold at an average price of $80.78, for a total value of $199,930.50. Following the completion of the transaction, the director owned 152,644 shares of the company’s stock, valued at approximately $12,330,582.32. This trade represents a 1.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 321,470 shares of company stock worth $26,684,150 in the last 90 days. 11.51% of the stock is currently owned by company insiders.

Zoom Communications Price Performance

NASDAQ:ZM opened at $84.22 on Friday. The company has a market capitalization of $25.48 billion, a P/E ratio of 22.22, a P/E/G ratio of 11.49 and a beta of 0.79. The business has a fifty day simple moving average of $83.15 and a two-hundred day simple moving average of $79.58. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $92.80.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Thursday, August 21st. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.39). Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business posted $1.39 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. As a group, analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ZM shares. UBS Group started coverage on shares of Zoom Communications in a research report on Monday, October 20th. They issued a “neutral” rating and a $85.00 price objective for the company. Morgan Stanley assumed coverage on Zoom Communications in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $85.00 target price for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 price target on shares of Zoom Communications in a report on Thursday, September 18th. Rosenblatt Securities boosted their price objective on Zoom Communications from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Finally, Stifel Nicolaus raised their target price on Zoom Communications from $80.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $91.96.

Zoom Communications Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.