Zoom Communications (NASDAQ:ZM) CEO Sells $1,289,860.00 in Stock

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $106.60, for a total transaction of $1,289,860.00. The sale was disclosed in a document filed 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 0.8%

Shares of NASDAQ:ZM opened at $109.21 on Friday. The company’s 50 day moving average price is $83.24 and its two-hundred day moving average price is $85.37. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $109.50. The firm has a market cap of $32.18 billion, a PE ratio of 17.61, a PEG ratio of 6.20 and a beta of 1.00.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company earned $1.41 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, research analysts expect that Zoom Communications, Inc. will post 3.94 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. BTIG Research reduced their target price on Zoom Communications from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Citizens Jmp reissued a “market perform” rating on shares of Zoom Communications in a report on Tuesday, February 24th. Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Benchmark reduced their target price on Zoom Communications from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Finally, KeyCorp increased their target price on Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a report on Thursday, February 26th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $95.32.

Institutional Trading of Zoom Communications

Large investors have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Zoom Communications by 10.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,753 shares of the company’s stock worth $19,697,000 after acquiring an additional 22,704 shares in the last quarter. Strive Asset Management LLC acquired a new stake in shares of Zoom Communications during the 3rd quarter worth approximately $1,238,000. LSV Asset Management boosted its position in shares of Zoom Communications by 5.0% during the 3rd quarter. LSV Asset Management now owns 1,069,440 shares of the company’s stock worth $88,229,000 after acquiring an additional 50,579 shares in the last quarter. Krilogy Financial LLC acquired a new stake in shares of Zoom Communications during the 3rd quarter worth approximately $1,963,000. Finally, Boston Common Asset Management LLC acquired a new stake in shares of Zoom Communications during the 4th quarter worth approximately $2,163,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

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.