Boston Common Asset Management LLC Takes Position in Zoom Communications, Inc. $ZM

Boston Common Asset Management LLC acquired a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 25,063 shares of the company’s stock, valued at approximately $2,163,000.

A number of other large investors have also made changes to their positions in ZM. Elevation Point Wealth Partners LLC purchased a new position in Zoom Communications during the second quarter worth approximately $27,000. Root Financial Partners LLC acquired a new position in Zoom Communications during the third quarter worth $33,000. Quent Capital LLC purchased a new stake in Zoom Communications in the 3rd quarter valued at $34,000. Cloud Capital Management LLC purchased a new stake in Zoom Communications in the 3rd quarter valued at $42,000. Finally, SJS Investment Consulting Inc. increased its stake in shares of Zoom Communications by 2,957.9% in the 3rd quarter. SJS Investment Consulting Inc. now owns 581 shares of the company’s stock worth $48,000 after acquiring an additional 562 shares during the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Zoom Communications Trading Up 1.2%

NASDAQ ZM opened at $78.68 on Tuesday. The stock has a fifty day simple moving average of $83.86 and a 200-day simple moving average of $84.10. The stock has a market cap of $23.18 billion, a PE ratio of 12.69, a P/E/G ratio of 4.45 and a beta of 0.93. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $97.58.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.41 EPS. 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. Research analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Wall Street Analyst Weigh In

ZM has been the topic of several recent research reports. Wall Street Zen cut shares of Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Argus upgraded shares of Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Wolfe Research raised shares of Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Thursday, February 5th. KeyCorp boosted their target price on shares of Zoom Communications from $69.00 to $74.00 and gave the company an “underweight” rating in a report on Thursday, February 26th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Zoom Communications in a research note on Monday, December 29th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $95.32.

Insider Transactions at Zoom Communications

In other news, CFO Michelle Chang sold 8,417 shares of the company’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 transaction, the chief financial officer directly owned 25,482 shares in the company, valued at approximately $2,205,212.28. This represents a 24.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Aparna Bawa sold 12,137 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $81.37, for a total transaction of $987,587.69. Following the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $160,949.86. The trade was a 85.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 109,706 shares of company stock worth $9,299,555. 10.78% of the stock is owned by company 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.