Zoom Communications, Inc. $ZM Shares Bought by Cerity Partners LLC

Cerity Partners LLC raised its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 5.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 140,161 shares of the company’s stock after purchasing an additional 7,112 shares during the period. Cerity Partners LLC’s holdings in Zoom Communications were worth $10,930,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Jump Financial LLC bought a new stake in Zoom Communications in the second quarter valued at about $417,000. Qtron Investments LLC acquired a new position in shares of Zoom Communications in the 2nd quarter worth approximately $637,000. Diametric Capital LP bought a new stake in shares of Zoom Communications in the 2nd quarter valued at approximately $208,000. Amundi increased its holdings in shares of Zoom Communications by 36.9% in the 2nd quarter. Amundi now owns 873,891 shares of the company’s stock valued at $67,805,000 after acquiring an additional 235,625 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Zoom Communications by 97.8% during the 2nd quarter. Marshall Wace LLP now owns 35,400 shares of the company’s stock valued at $2,760,000 after acquiring an additional 17,500 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Insider Activity

In related news, insider Velchamy Sankarlingam sold 7,660 shares of Zoom Communications stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $628,120.00. Following the sale, the insider directly owned 132,795 shares in the company, valued at $10,889,190. The trade was a 5.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Aparna Bawa sold 10,528 shares of the company’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $79.77, for a total transaction of $839,818.56. Following the completion of the sale, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $157,785.06. The trade was a 84.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 386,778 shares of company stock worth $32,097,329 over the last ninety days. 11.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ZM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Zoom Communications in a report on Tuesday, November 25th. Citigroup lifted their price target on shares of Zoom Communications from $85.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, November 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 price objective on shares of Zoom Communications in a research note on Tuesday, November 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Zoom Communications in a research note on Monday. Finally, JPMorgan Chase & Co. upped their target price on Zoom Communications from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, November 25th. Eleven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $92.43.

Zoom Communications Trading Up 0.5%

NASDAQ ZM opened at $88.05 on Thursday. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $91.04. The stock has a market cap of $26.07 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 7.94 and a beta of 0.81. The company has a 50-day moving average price of $83.12 and a two-hundred day moving average price of $79.98.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.38 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. As a group, equities research analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

About Zoom Communications

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.