Brookstone Capital Management Acquires Shares of 7,854 Zoom Communications, Inc. $ZM

Brookstone Capital Management acquired a new position in Zoom Communications, Inc. (NASDAQ:ZM) in the 3rd quarter, Holdings Channel reports. The firm acquired 7,854 shares of the company’s stock, valued at approximately $648,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Zoom Communications by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 24,951,437 shares of the company’s stock valued at $1,945,713,000 after purchasing an additional 154,783 shares in the last quarter. State Street Corp boosted its position in Zoom Communications by 6.0% during the 2nd quarter. State Street Corp now owns 7,189,501 shares of the company’s stock valued at $560,637,000 after acquiring an additional 410,051 shares in the last quarter. Norges Bank purchased a new position in shares of Zoom Communications during the 2nd quarter worth approximately $539,998,000. Geode Capital Management LLC lifted its stake in shares of Zoom Communications by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 4,795,307 shares of the company’s stock valued at $373,504,000 after purchasing an additional 23,910 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Zoom Communications by 41.1% in the 2nd quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock valued at $293,909,000 after purchasing an additional 1,097,333 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on ZM. BTIG Research started coverage on Zoom Communications in a report on Tuesday, December 16th. They issued a “buy” rating and a $105.00 price objective for the company. UBS Group started coverage on shares of Zoom Communications in a research note on Monday, October 20th. They issued a “neutral” rating and a $85.00 price target for the company. Sanford C. Bernstein reissued a “market perform” rating and set a $90.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Benchmark upped their price objective on shares of Zoom Communications from $102.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Finally, Zacks Research downgraded shares of Zoom Communications from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Twelve research 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 MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $93.00.

Insiders Place Their Bets

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,660 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $628,120.00. Following the completion of the transaction, the insider owned 132,795 shares of the company’s stock, valued at approximately $10,889,190. The trade was a 5.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric S. Yuan sold 73,383 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $82.65, for a total transaction of $6,065,104.95. The disclosure for this sale is available in the SEC filing. Insiders have sold 462,751 shares of company stock worth $38,730,439 over the last three months. Company insiders own 10.78% of the company’s stock.

Zoom Communications Stock Performance

Shares of NASDAQ ZM opened at $86.29 on Wednesday. The firm’s 50 day moving average price is $85.22 and its 200-day moving average price is $80.82. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $91.43. The company has a market cap of $25.55 billion, a PE ratio of 16.79, a P/E/G ratio of 7.76 and a beta of 0.81.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $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. On average, analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Zoom Communications Company 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.