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

Cerity Partners LLC increased its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 65.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 231,493 shares of the company’s stock after acquiring an additional 91,332 shares during the quarter. Cerity Partners LLC’s holdings in Zoom Communications were worth $19,098,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in ZM. Vanguard Group Inc. increased its stake in Zoom Communications by 0.6% in the second 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 during the last quarter. State Street Corp lifted its holdings in shares of Zoom Communications by 6.0% during the 2nd quarter. State Street Corp now owns 7,189,501 shares of the company’s stock worth $560,637,000 after acquiring an additional 410,051 shares during the period. Norges Bank acquired a new stake in shares of Zoom Communications in the second quarter worth approximately $539,998,000. Geode Capital Management LLC boosted its position in shares of Zoom Communications by 0.5% in the second quarter. Geode Capital Management LLC now owns 4,795,307 shares of the company’s stock worth $373,504,000 after acquiring an additional 23,910 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Zoom Communications by 41.1% in the second 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. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Analysts Set New Price Targets

ZM has been the topic of a number of recent analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $90.00 price target on shares of Zoom Communications in a research note on Tuesday, November 25th. William Blair reiterated an “outperform” rating on shares of Zoom Communications in a report on Tuesday, September 30th. Needham & Company LLC reissued a “buy” rating and set a $100.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Morgan Stanley raised their price objective on Zoom Communications from $85.00 to $92.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Zoom Communications in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $93.27.

Zoom Communications Stock Down 0.5%

ZM opened at $85.18 on Friday. The firm’s 50 day moving average is $85.45 and its 200-day moving average is $81.23. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $91.43. The firm has a market capitalization of $25.22 billion, a P/E ratio of 16.57, a P/E/G ratio of 7.69 and a beta of 0.87.

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. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the business earned $1.38 EPS. The business’s revenue 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. Equities analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Aparna Bawa sold 10,528 shares of Zoom Communications 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 sale, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at approximately $157,785.06. The trade was a 84.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Velchamy Sankarlingam sold 2,595 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $87.84, for a total value of $227,944.80. Following the completion of the transaction, the insider directly owned 133,659 shares of the company’s stock, valued at $11,740,606.56. This represents a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 421,135 shares of company stock valued at $35,330,872 over the last ninety days. Insiders own 11.51% of the company’s stock.

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.