9,410 Zoom Communications, Inc. $ZM Shares Purchased by Courier Capital LLC

Courier Capital LLC raised its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 94.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,342 shares of the company’s stock after purchasing an additional 9,410 shares during the quarter. Courier Capital LLC’s holdings in Zoom Communications were worth $1,756,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ZM. Hsbc Holdings PLC increased its holdings in shares of Zoom Communications by 43.6% during the 4th quarter. Hsbc Holdings PLC now owns 422,470 shares of the company’s stock worth $36,460,000 after acquiring an additional 128,174 shares during the last quarter. Tidal Investments LLC lifted its holdings in Zoom Communications by 251.2% during the 2nd quarter. Tidal Investments LLC now owns 123,450 shares of the company’s stock valued at $10,655,000 after purchasing an additional 88,303 shares during the last quarter. Altshuler Shaham Ltd lifted its holdings in Zoom Communications by 1.2% during the 4th quarter. Altshuler Shaham Ltd now owns 2,043,218 shares of the company’s stock valued at $176,309,000 after purchasing an additional 24,246 shares during the last quarter. Bull Harbor Capital LLC bought a new position in Zoom Communications during the first quarter worth $939,000. Finally, Graham Capital Management L.P. boosted its position in Zoom Communications by 149.4% during the fourth quarter. Graham Capital Management L.P. now owns 46,720 shares of the company’s stock worth $4,031,000 after purchasing an additional 27,984 shares during the period. 66.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,644 shares of the stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $91.98, for a total transaction of $703,095.12. Following the transaction, the insider owned 148,403 shares in the company, valued at $13,650,107.94. This represents a 4.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric Yuan sold 12,100 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $93.74, for a total transaction of $1,134,254.00. Following the transaction, the chief executive officer directly owned 22,998 shares in the company, valued at $2,155,832.52. This represents a 34.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 59,719 shares of company stock valued at $5,754,795. 8.83% of the stock is owned by company insiders.

Zoom Communications Price Performance

NASDAQ ZM traded up $0.22 on Tuesday, reaching $98.16. The stock had a trading volume of 2,596,338 shares, compared to its average volume of 3,944,009. The firm has a fifty day moving average of $97.63 and a two-hundred day moving average of $94.28. Zoom Communications, Inc. has a 1-year low of $70.70 and a 1-year high of $114.74. The company has a market cap of $28.64 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 4.52 and a beta of 1.03.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm earned $1.53 earnings per share. The company’s revenue 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. Research analysts predict that Zoom Communications, Inc. will post 4.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ZM has been the topic of several research reports. BTIG Research reiterated a “buy” rating and issued a $125.00 price objective on shares of Zoom Communications in a report on Monday, August 24th. Needham & Company LLC restated a “buy” rating and set a $130.00 target price on shares of Zoom Communications in a research note on Wednesday, August 26th. Jefferies Financial Group reduced their target price on shares of Zoom Communications from $118.00 to $116.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 price target on shares of Zoom Communications in a research note on Wednesday, August 26th. Finally, Morgan Stanley increased their price target on shares of Zoom Communications from $105.00 to $107.00 and gave the company an “equal weight” rating in a report on Wednesday, August 26th. Fourteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Zoom Communications has a consensus rating of “Moderate Buy” and an average target price of $113.62.

Zoom Communications Profile

Zoom Communications, Inc (NASDAQ:ZM), formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.

The company’s Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.