Zoom Communications, Inc. $ZM Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 15.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 901,346 shares of the company’s stock after selling 168,095 shares during the quarter. California Public Employees Retirement System owned about 0.30% of Zoom Communications worth $74,361,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its stake in Zoom Communications by 16.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock valued at $591,000 after acquiring an additional 1,153 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Zoom Communications by 59.1% in the first quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock worth $1,238,000 after purchasing an additional 6,235 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Zoom Communications by 82.0% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock valued at $65,000 after purchasing an additional 397 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Zoom Communications during the second quarter valued at $217,000. Finally, Bank of Montreal Can raised its stake in shares of Zoom Communications by 8.2% during the second quarter. Bank of Montreal Can now owns 9,170 shares of the company’s stock valued at $715,000 after purchasing an additional 698 shares in the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZM. Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 target price on shares of Zoom Communications in a research report on Thursday, February 26th. Wall Street Zen downgraded shares of Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Citigroup raised shares of Zoom Communications from a “neutral” rating to a “buy” rating and upped their price target for the stock from $94.00 to $106.00 in a research note on Monday, January 12th. Sanford C. Bernstein decreased their price objective on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a report on Thursday, February 26th. Finally, Wedbush reiterated an “outperform” rating and set a $95.00 price objective on shares of Zoom Communications in a research note on Tuesday, November 25th. Fourteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $95.32.

Zoom Communications Stock Up 1.2%

Shares of ZM stock opened at $74.96 on Tuesday. The stock has a 50-day simple moving average of $85.18 and a 200 day simple moving average of $84.52. The stock has a market capitalization of $22.20 billion, a P/E ratio of 12.09, a P/E/G ratio of 4.24 and a beta of 0.93. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $97.58.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $1.41 earnings per share. Zoom Communications’s revenue was up 5.3% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, sell-side analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Michelle Chang sold 8,417 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $86.54, for a total value of $728,407.18. Following the sale, the chief financial officer directly owned 25,482 shares in the company, valued at $2,205,212.28. The trade was 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, COO Aparna Bawa sold 12,137 shares of the stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $81.37, for a total transaction of $987,587.69. Following the sale, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at approximately $160,949.86. This represents a 85.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 109,706 shares of company stock worth $9,299,555. 10.78% of the stock is owned by insiders.

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.