137,470 Shares in Zoom Communications, Inc. $ZM Purchased by Banque Pictet & Cie SA

Banque Pictet & Cie SA acquired a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 137,470 shares of the company’s stock, valued at approximately $11,862,000.

Other large investors also recently added to or reduced their stakes in the company. Wynn Capital LLC boosted its stake in shares of Zoom Communications by 1.3% in the 3rd quarter. Wynn Capital LLC now owns 10,429 shares of the company’s stock valued at $860,000 after purchasing an additional 130 shares during the last quarter. MAI Capital Management raised its stake in shares of Zoom Communications by 34.7% during the third quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after buying an additional 149 shares during the last quarter. Harrington Investments INC lifted its holdings in Zoom Communications by 1.1% in the fourth quarter. Harrington Investments INC now owns 16,174 shares of the company’s stock valued at $1,396,000 after buying an additional 169 shares during the period. Brookstone Capital Management lifted its holdings in Zoom Communications by 2.2% in the fourth quarter. Brookstone Capital Management now owns 8,024 shares of the company’s stock valued at $692,000 after buying an additional 170 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in Zoom Communications by 0.7% in the second quarter. Daiwa Securities Group Inc. now owns 24,395 shares of the company’s stock valued at $1,902,000 after acquiring an additional 181 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zoom Communications

In related news, insider Velchamy Sankarlingam sold 2,590 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $78.24, for a total transaction of $202,641.60. Following the sale, the insider owned 137,044 shares of the company’s stock, valued at approximately $10,722,322.56. This trade represents a 1.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Aparna Bawa sold 12,137 shares of Zoom Communications stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $81.37, for a total value of $987,587.69. Following the transaction, the chief operating officer owned 1,978 shares in the company, valued at approximately $160,949.86. This represents a 85.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 109,706 shares of company stock worth $9,299,555 in the last three months. 11.51% of the stock is owned by insiders.

Zoom Communications Stock Performance

Shares of NASDAQ:ZM opened at $80.70 on Thursday. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $97.58. The company has a market capitalization of $23.78 billion, a PE ratio of 13.02, a PEG ratio of 4.60 and a beta of 0.93. The company has a 50 day moving average price of $83.83 and a two-hundred day moving average price of $84.05.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $1.41 earnings per share. 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 forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. KeyCorp lifted their target price on shares of Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a report on Thursday, February 26th. Citigroup raised Zoom Communications from a “neutral” rating to a “buy” rating and increased their price target for the company from $94.00 to $106.00 in a research note on Monday, January 12th. Piper Sandler lifted their price objective on Zoom Communications from $85.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Benchmark decreased their price objective on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Finally, Argus upgraded Zoom Communications to a “hold” rating in a report on Monday, March 9th. Fourteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Zoom Communications has an average rating of “Hold” and an average target price of $95.32.

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.