Perpetual Ltd Raises Holdings in Zoom Communications, Inc. $ZM

Perpetual Ltd boosted its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 61.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 26,862 shares of the company’s stock after acquiring an additional 10,219 shares during the period. Perpetual Ltd’s holdings in Zoom Communications were worth $2,318,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wynn Capital LLC increased its position in Zoom Communications by 1.3% during the third quarter. Wynn Capital LLC now owns 10,429 shares of the company’s stock worth $860,000 after buying an additional 130 shares in the last quarter. MAI Capital Management lifted its position in shares of Zoom Communications by 34.7% in the third quarter. MAI Capital Management now owns 579 shares of the company’s stock valued at $48,000 after acquiring an additional 149 shares in the last quarter. Harrington Investments INC boosted its stake in shares of Zoom Communications by 1.1% during the fourth quarter. Harrington Investments INC now owns 16,174 shares of the company’s stock valued at $1,396,000 after acquiring an additional 169 shares during the last quarter. Brookstone Capital Management increased its position in Zoom Communications by 2.2% during the 4th quarter. Brookstone Capital Management now owns 8,024 shares of the company’s stock worth $692,000 after purchasing an additional 170 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Zoom Communications by 0.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 24,395 shares of the company’s stock worth $1,902,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Activity

In related news, CEO Eric S. Yuan sold 47,369 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $83.65, for a total transaction of $3,962,416.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $77.42, for a total transaction of $191,614.50. Following the transaction, the director directly owned 153,442 shares in the company, valued at approximately $11,879,479.64. This represents a 1.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 109,706 shares of company stock valued at $9,299,555 in the last ninety days. 11.51% of the stock is owned by company insiders.

Zoom Communications Price Performance

ZM opened at $82.36 on Friday. The stock has a market capitalization of $24.27 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 4.71 and a beta of 0.88. The business has a 50-day moving average of $83.72 and a two-hundred day moving average of $84.01. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $97.58.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data 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). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the company earned $1.41 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. 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. Equities research analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on ZM. Weiss Ratings restated a “buy (b-)” rating on shares of Zoom Communications in a report on Monday, December 29th. Rosenblatt Securities reissued a “buy” rating and issued a $115.00 price objective on shares of Zoom Communications in a research report on Thursday, February 26th. Citigroup raised shares of Zoom Communications from a “neutral” rating to a “buy” rating and upped their price objective for the company from $94.00 to $106.00 in a research note on Monday, January 12th. Wall Street Zen lowered shares of Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Argus raised shares of Zoom Communications to a “hold” rating in a research note on Monday, March 9th. Fourteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Zoom Communications has a consensus rating of “Hold” and a consensus target price of $95.32.

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.