Sherry Group Inc. Purchases Shares of 10,356 Zoom Communications, Inc. $ZM

Sherry Group Inc. purchased a new stake in Zoom Communications, Inc. (NASDAQ:ZM) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 10,356 shares of the company’s stock, valued at approximately $894,000. Zoom Communications comprises about 0.9% of Sherry Group Inc.’s portfolio, making the stock its 29th largest position.

Several other institutional investors also recently bought and sold shares of the business. New York State Teachers Retirement System raised its holdings in Zoom Communications by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock valued at $2,094,000 after acquiring an additional 123 shares during the last quarter. MAI Capital Management raised its holdings in Zoom Communications by 34.7% in the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock valued at $48,000 after acquiring an additional 149 shares during the last quarter. Harrington Investments INC raised its holdings in Zoom Communications by 1.1% in the 4th quarter. Harrington Investments INC now owns 16,174 shares of the company’s stock valued at $1,396,000 after acquiring an additional 169 shares during the last quarter. Brookstone Capital Management raised its holdings in Zoom Communications by 2.2% in the 4th quarter. Brookstone Capital Management now owns 8,024 shares of the company’s stock valued at $692,000 after acquiring an additional 170 shares during the last quarter. Finally, Moran Wealth Management LLC raised its holdings in Zoom Communications by 0.5% in the 4th quarter. Moran Wealth Management LLC now owns 36,232 shares of the company’s stock valued at $3,126,000 after acquiring an additional 177 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Zoom Communications

In related news, CEO Eric S. Yuan sold 12,100 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $106.60, for a total value of $1,289,860.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 5,274 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $106.58, for a total value of $562,102.92. Following the completion of the sale, the director owned 142,882 shares of the company’s stock, valued at approximately $15,228,363.56. This represents a 3.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 144,329 shares of company stock worth $12,364,989 in the last quarter. 10.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ZM has been the subject of several analyst reports. Benchmark cut their price target on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Argus upgraded Zoom Communications to a “hold” rating in a report on Monday, March 9th. BTIG Research dropped their price objective on Zoom Communications from $105.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Citizens Jmp restated a “market perform” rating on shares of Zoom Communications in a report on Tuesday, February 24th. Finally, Wall Street Zen downgraded Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Fourteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Zoom Communications presently has a consensus rating of “Hold” and an average price target of $96.57.

Zoom Communications Price Performance

ZM stock opened at $100.16 on Monday. The company has a market cap of $29.51 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 5.73 and a beta of 1.00. The business has a fifty day simple moving average of $86.46 and a 200-day simple moving average of $86.22. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $111.56.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.41 earnings per share. 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. As a group, analysts expect that Zoom Communications, Inc. will post 3.94 earnings per share for the current fiscal year.

Zoom Communications 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.