Swedbank AB Acquires 14,846 Shares of Zoom Communications, Inc. $ZM

Swedbank AB boosted its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 15.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,666 shares of the company’s stock after buying an additional 14,846 shares during the quarter. Swedbank AB’s holdings in Zoom Communications were worth $9,047,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC purchased a new position in Zoom Communications in the second quarter valued at about $27,000. REAP Financial Group LLC raised its holdings in shares of Zoom Communications by 181.7% in the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock worth $28,000 after purchasing an additional 229 shares during the period. GKV Capital Management Co. Inc. purchased a new position in Zoom Communications in the first quarter valued at approximately $31,000. FNY Investment Advisers LLC bought a new position in Zoom Communications during the second quarter valued at $31,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Zoom Communications by 44.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 556 shares of the company’s stock valued at $43,000 after purchasing an additional 171 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Trading Up 0.3%

Shares of Zoom Communications stock opened at $88.04 on Friday. The company’s 50-day moving average price is $85.08 and its 200-day moving average price is $80.67. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $91.43. The company has a market cap of $26.07 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 7.91 and a beta of 0.81.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Monday, November 24th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the company earned $1.38 earnings per share. Zoom Communications’s revenue for the quarter was up 4.4% on a year-over-year basis. 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. On average, sell-side analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

ZM has been the topic of several research reports. Wells Fargo & Company initiated coverage on Zoom Communications in a research note on Tuesday, September 30th. They issued an “equal weight” rating and a $90.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $100.00 price objective on shares of Zoom Communications in a research note on Tuesday, November 25th. Sanford C. Bernstein reiterated a “market perform” rating and set a $90.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. Morgan Stanley lifted their target price on shares of Zoom Communications from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Finally, BTIG Research initiated coverage on shares of Zoom Communications in a research note on Tuesday, December 16th. They set a “buy” rating and a $105.00 price target on the stock. Twelve investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Zoom Communications presently has an average rating of “Hold” and a consensus target price of $93.00.

Insider Activity

In related news, COO Aparna Bawa sold 10,528 shares of the business’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 transaction, the chief operating officer directly owned 1,978 shares in the company, valued at $157,785.06. The trade was a 84.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric S. Yuan sold 73,383 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $82.65, for a total value of $6,065,104.95. The SEC filing for this sale provides additional information. In the last three months, insiders sold 462,751 shares of company stock worth $38,730,439. Company insiders own 11.51% of the company’s stock.

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.