Insider Selling: Zoom Communications (NASDAQ:ZM) CEO Sells 12,100 Shares

Zoom Communications, Inc. (NASDAQ:ZM) CEO Eric Yuan sold 12,100 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $95.34, for a total value of $1,153,614.00. Following the completion of the sale, the chief executive officer owned 22,998 shares of the company’s stock, valued at $2,192,629.32. The trade was a 34.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Zoom Communications Stock Performance

Shares of ZM stock traded up $2.28 on Thursday, hitting $98.14. The company had a trading volume of 2,374,924 shares, compared to its average volume of 4,113,784. The firm has a market cap of $28.78 billion, a P/E ratio of 9.09, a P/E/G ratio of 4.39 and a beta of 1.04. The stock’s 50-day moving average is $95.28 and its two-hundred day moving average is $91.47. Zoom Communications, Inc. has a twelve month low of $70.70 and a twelve month high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company earned $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. Equities research analysts predict that Zoom Communications, Inc. will post 4.26 EPS for the current year.

Institutional Trading of Zoom Communications

Several hedge funds have recently added to or reduced their stakes in ZM. Advocate Investing Services LLC bought a new position in shares of Zoom Communications during the 4th quarter valued at approximately $26,000. Strive Financial Group LLC bought a new stake in shares of Zoom Communications in the 4th quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake 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 last quarter. Rexford Capital Inc. lifted its stake in Zoom Communications by 45.7% in the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after purchasing an additional 122 shares during the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Zoom Communications by 83.3% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $38,000 after purchasing an additional 200 shares during the period. Institutional investors own 66.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ZM shares. Weiss Ratings raised Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 27th. Jefferies Financial Group dropped their price target on shares of Zoom Communications from $118.00 to $116.00 and set a “buy” rating on the stock in a research report on Wednesday, August 26th. Mizuho boosted their price target on shares of Zoom Communications from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. HSBC upped their price objective on shares of Zoom Communications from $107.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, Wells Fargo & Company upped their target price on Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Friday, May 22nd. Sixteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Zoom Communications has a consensus rating of “Moderate Buy” and an average price target of $112.55.

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.