Allstate Corp Buys Shares of 9,253 Zoom Communications, Inc. $ZM

Allstate Corp purchased a new position in Zoom Communications, Inc. (NASDAQ:ZM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,253 shares of the company’s stock, valued at approximately $763,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wynn Capital LLC boosted its holdings in Zoom Communications by 1.3% in the third quarter. Wynn Capital LLC now owns 10,429 shares of the company’s stock worth $860,000 after acquiring an additional 130 shares in the last quarter. Penserra Capital Management LLC increased its holdings in shares of Zoom Communications by 12.6% during the second quarter. Penserra Capital Management LLC now owns 1,446 shares of the company’s stock valued at $111,000 after acquiring an additional 162 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Zoom Communications by 0.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 24,395 shares of the company’s stock worth $1,902,000 after purchasing an additional 181 shares during the last quarter. Yousif Capital Management LLC boosted its stake in Zoom Communications by 4.5% in the 3rd quarter. Yousif Capital Management LLC now owns 4,552 shares of the company’s stock worth $376,000 after purchasing an additional 198 shares in the last quarter. Finally, REAP Financial Group LLC grew its position in Zoom Communications by 181.7% during the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after purchasing an additional 229 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Insider Activity at Zoom Communications

In other news, CFO Michelle Chang sold 8,417 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $86.54, for a total transaction of $728,407.18. Following the completion of the sale, the chief financial officer owned 25,482 shares of the company’s stock, valued at $2,205,212.28. This represents a 24.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Santiago Subotovsky sold 2,475 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $86.01, for a total transaction 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. The trade was a 1.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 317,745 shares of company stock valued at $27,002,595 in the last 90 days. 11.51% of the stock is owned by company insiders.

Zoom Communications Trading Up 4.3%

Shares of ZM stock opened at $84.65 on Friday. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $91.43. The stock has a market capitalization of $25.06 billion, a P/E ratio of 16.47, a P/E/G ratio of 7.29 and a beta of 0.87. The firm’s 50 day moving average is $85.24 and its 200 day moving average is $81.54.

Zoom Communications (NASDAQ:ZM) last announced its 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 business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 EPS. 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 analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on ZM shares. Jefferies Financial Group lifted their target price on shares of Zoom Communications from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. JPMorgan Chase & Co. raised their price target on shares of Zoom Communications from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, November 25th. William Blair reaffirmed an “outperform” rating on shares of Zoom Communications in a research report on Tuesday, September 30th. Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Zoom Communications in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Zoom Communications presently has an average rating of “Moderate Buy” and a consensus price target of $93.82.

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.