NorthCrest Asset Manangement LLC Acquires 9,183 Shares of Zoom Communications, Inc. $ZM

NorthCrest Asset Manangement LLC increased its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 55.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,889 shares of the company’s stock after purchasing an additional 9,183 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Zoom Communications were worth $2,240,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZM. Wedmont Private Capital boosted its stake in Zoom Communications by 8.8% in the 4th quarter. Wedmont Private Capital now owns 3,482 shares of the company’s stock worth $302,000 after purchasing an additional 282 shares during the period. Cooper Financial Group bought a new stake in shares of Zoom Communications during the fourth quarter valued at approximately $205,000. CWA Asset Management Group LLC lifted its holdings in shares of Zoom Communications by 10.2% in the fourth quarter. CWA Asset Management Group LLC now owns 73,973 shares of the company’s stock worth $6,383,000 after buying an additional 6,839 shares in the last quarter. Riversedge Advisors LLC purchased a new position in shares of Zoom Communications in the fourth quarter worth $352,000. Finally, Everhart Financial Group Inc. boosted its position in shares of Zoom Communications by 6.7% during the fourth quarter. Everhart Financial Group Inc. now owns 7,070 shares of the company’s stock worth $610,000 after acquiring an additional 441 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Insider Transactions at Zoom Communications

In related news, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $77.42, for a total value of $191,614.50. Following the completion of the transaction, the director owned 153,442 shares in the company, valued at approximately $11,879,479.64. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Aparna Bawa sold 12,137 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $81.37, for a total value of $987,587.69. Following the sale, the chief operating officer directly owned 1,978 shares in the company, valued at $160,949.86. The trade was a 85.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 109,706 shares of company stock worth $9,299,555 in the last quarter. Company insiders own 10.78% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ZM shares. Zacks Research cut shares of Zoom Communications from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 price target on shares of Zoom Communications in a research note on Tuesday, November 25th. Wall Street Zen lowered Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Wolfe Research raised Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Thursday, February 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $95.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $95.32.

Zoom Communications Stock Down 0.2%

Zoom Communications stock opened at $76.61 on Monday. The company has a market cap of $22.57 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 4.38 and a beta of 0.93. The firm’s fifty day moving average is $84.43 and its 200 day moving average is $84.36. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $97.58.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data 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 net margin of 39.03% and a return on equity of 11.88%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business earned $1.41 EPS. Zoom Communications’s revenue for the quarter 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, equities research analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Zoom Communications 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.