13,899 Shares in Zoom Communications, Inc. $ZM Purchased by Caprock Group LLC

Caprock Group LLC purchased a new stake in Zoom Communications, Inc. (NASDAQ:ZM) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 13,899 shares of the company’s stock, valued at approximately $1,132,000.

Several other institutional investors have also recently made changes to their positions in ZM. Norges Bank purchased a new stake in Zoom Communications during the second quarter worth $539,998,000. Acadian Asset Management LLC raised its holdings in Zoom Communications by 41.1% in the 2nd quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock worth $293,909,000 after purchasing an additional 1,097,333 shares during the period. Pacer Advisors Inc. grew its holdings in Zoom Communications by 54.4% in the third quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock valued at $222,353,000 after purchasing an additional 949,829 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of Zoom Communications in the third quarter valued at approximately $63,357,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Zoom Communications by 168.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,025,274 shares of the company’s stock worth $84,585,000 after buying an additional 643,074 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Zoom Communications news, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $90.39, for a total transaction of $223,715.25. Following the sale, the director directly owned 155,917 shares of the company’s stock, valued at approximately $14,093,337.63. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Velchamy Sankarlingam sold 7,568 shares of Zoom Communications stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $86.55, for a total value of $655,010.40. Following the completion of the transaction, the insider owned 136,182 shares of the company’s stock, valued at approximately $11,786,552.10. The trade was a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 256,467 shares of company stock worth $21,821,945 over the last quarter. Corporate insiders own 11.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ZM shares. Morgan Stanley boosted their price target on shares of Zoom Communications from $85.00 to $92.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Citigroup raised Zoom Communications from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $94.00 to $106.00 in a research note on Monday, January 12th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $90.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Zoom Communications in a research report on Monday, December 29th. Finally, Jefferies Financial Group raised their target price on shares of Zoom Communications from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $94.74.

Zoom Communications Stock Up 0.4%

ZM opened at $92.60 on Friday. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $97.58. The company has a 50 day moving average of $88.13 and a two-hundred day moving average of $83.49. The company has a market cap of $27.42 billion, a P/E ratio of 18.02, a P/E/G ratio of 8.29 and a beta of 0.90.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm earned $1.38 EPS. The firm’s quarterly revenue 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. Research analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current 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.