Zoom Communications, Inc. $ZM Shares Sold by 111 Capital

111 Capital lessened its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 76.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,848 shares of the company’s stock after selling 12,759 shares during the quarter. 111 Capital’s holdings in Zoom Communications were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Zoom Communications by 10.5% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,753 shares of the company’s stock worth $19,697,000 after buying an additional 22,704 shares during the last quarter. Strive Asset Management LLC purchased a new position in Zoom Communications during the third quarter valued at approximately $1,238,000. LSV Asset Management raised its position in Zoom Communications by 5.0% during the third quarter. LSV Asset Management now owns 1,069,440 shares of the company’s stock valued at $88,229,000 after acquiring an additional 50,579 shares in the last quarter. Krilogy Financial LLC acquired a new position in Zoom Communications in the third quarter valued at approximately $1,963,000. Finally, Sherry Group Inc. acquired a new position in Zoom Communications in the fourth quarter valued at approximately $894,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Eric S. Yuan sold 12,100 shares of Zoom Communications stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total transaction of $1,350,481.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total value of $653,188.80. Following the transaction, the insider directly owned 141,971 shares in the company, valued at $12,130,002.24. This trade represents a 5.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 159,228 shares of company stock worth $14,102,835 in the last three months. Company insiders own 11.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ZM. Needham & Company LLC raised their price objective on shares of Zoom Communications from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Morgan Stanley boosted their target price on shares of Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Weiss Ratings raised shares of Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Robert W. Baird lifted their price objective on shares of Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Finally, Benchmark upped their price objective on shares of Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Zoom Communications Trading Down 3.4%

ZM opened at $101.62 on Friday. Zoom Communications, Inc. has a twelve month low of $69.15 and a twelve month high of $114.74. The firm has a market capitalization of $29.80 billion, a PE ratio of 14.92, a PEG ratio of 5.81 and a beta of 1.01. The firm’s 50-day moving average price is $94.38 and its 200 day moving average price is $88.16.

Zoom Communications (NASDAQ:ZM) last released its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.13. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $1.43 EPS. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. As a group, analysts predict that Zoom Communications, Inc. will post 4.06 earnings per share for the current fiscal year.

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.