GRIMES & Co WEALTH MANAGEMENT LLC Has $14.39 Million Stock Holdings in Zoom Communications, Inc. $ZM

GRIMES & Co WEALTH MANAGEMENT LLC reduced its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 12.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 174,358 shares of the company’s stock after selling 25,474 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Zoom Communications were worth $14,385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Candriam S.C.A. increased its position in shares of Zoom Communications by 49.4% during the second quarter. Candriam S.C.A. now owns 16,560 shares of the company’s stock valued at $1,291,000 after acquiring an additional 5,477 shares during the last quarter. Catalyst Funds Management Pty Ltd bought a new position in Zoom Communications in the 2nd quarter valued at $1,248,000. Shelton Capital Management increased its position in shares of Zoom Communications by 519.3% during the 2nd quarter. Shelton Capital Management now owns 215,500 shares of the company’s stock valued at $16,805,000 after purchasing an additional 180,700 shares during the last quarter. Brighton Jones LLC purchased a new stake in shares of Zoom Communications during the 2nd quarter valued at $817,000. Finally, Norges Bank bought a new stake in shares of Zoom Communications during the 2nd quarter worth $539,998,000. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Price Performance

Zoom Communications stock opened at $86.75 on Tuesday. The firm has a market capitalization of $25.69 billion, a P/E ratio of 16.88, a PEG ratio of 7.65 and a beta of 0.87. Zoom Communications, Inc. has a one year low of $64.41 and a one year high of $91.43. The business has a fifty day moving average price of $85.46 and a 200-day moving average price of $81.36.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company posted $1.38 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. 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. Sell-side analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Santiago Subotovsky sold 2,475 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $86.01, for a total value of $212,874.75. Following the completion of the transaction, the director directly owned 145,219 shares in the company, valued at approximately $12,490,286.19. This trade represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Aparna Bawa sold 10,528 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $79.77, for a total transaction of $839,818.56. Following the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at approximately $157,785.06. This represents a 84.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 387,443 shares of company stock valued at $32,643,598. Corporate insiders own 10.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $87.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Zacks Research raised shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Wall Street Zen cut shares of Zoom Communications from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Jefferies Financial Group upped their price objective on Zoom Communications from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, JPMorgan Chase & Co. raised their target price on Zoom Communications from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $93.82.

More Zoom Communications News

Here are the key news stories impacting Zoom Communications this week:

• Positive Sentiment: Citi upgraded Zoom from Neutral to Buy and raised its price target to $106 (from $94), citing accelerating AI growth prospects and fresh momentum as justification for the higher target. Citigroup upgrades Zoom Communications (ZM)
• Positive Sentiment: News coverage that the stock “surged” after Citi’s upgrade amplified buying interest intraday — media headlines reinforced the upgrade as the primary near-term driver of the move. Zoom Stock Surges After Citi Upgrade on AI Growth Bets
• Positive Sentiment: Citi’s research note elaborated that it sees “fresh momentum building” at Zoom tied to AI initiatives and product monetization — a narrative that supports higher multi-quarter revenue/ARPA expectations if adoption accelerates. Citi Sees Fresh Momentum Building at Zoom
• Positive Sentiment: Zoom announced an AI-literacy national student learning experience, reinforcing its go-to-market positioning around AI-enabled communication and education use cases—helps the growth narrative even if revenue impact is longer-term. Zoom reinforces commitment to AI literacy with national student learning experience
• Neutral Sentiment: A Zacks piece framed Zoom as a “pandemic favorite” that could rebound — a thematic, longer-term bullish take but not new fundamental news; useful for momentum/retail interest but not an immediate earnings/strategy update. Time For This Pandemic Favorite Stock to Roar Back?
• Neutral Sentiment: A Benzinga roundup summarized views from 13 analysts — useful for sentiment checks but it largely aggregates existing opinions rather than delivering fresh, market-moving detail. Beyond The Numbers: 13 Analysts Discuss Zoom Communications Stock
• Neutral Sentiment: Reported short-interest data shows effectively zero reported short shares (data appears anomalous/NaN), so there’s no clear short-squeeze dynamic driving the move — treat the short-interest print as unreliable until verified.

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.