Bank of New York Mellon Corp Purchases 34,174 Shares of Zoom Communications, Inc. $ZM

Bank of New York Mellon Corp raised its position in Zoom Communications, Inc. (NASDAQ:ZM) by 3.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 976,764 shares of the company’s stock after acquiring an additional 34,174 shares during the period. Bank of New York Mellon Corp’s holdings in Zoom Communications were worth $84,285,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new stake in Zoom Communications in the 4th quarter valued at approximately $28,000. Sound Income Strategies LLC raised its stake in shares of Zoom Communications by 94.8% during the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Activest Wealth Management raised its stake in shares of Zoom Communications by 4,318.2% during the 4th quarter. Activest Wealth Management now owns 486 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of Zoom Communications by 33.5% during the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after purchasing an additional 136 shares in the last quarter. Finally, MAI Capital Management raised its stake in shares of Zoom Communications by 34.7% during the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after purchasing an additional 149 shares in the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Trading Down 0.5%

ZM stock opened at $101.15 on Tuesday. The firm has a market capitalization of $29.66 billion, a PE ratio of 14.85, a PEG ratio of 5.64 and a beta of 1.01. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $114.74. The business’s 50 day simple moving average is $94.82 and its 200 day simple moving average is $88.34.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings data on Thursday, May 21st. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $1.43 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. 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, sell-side analysts predict that Zoom Communications, Inc. will post 4.06 EPS for the current fiscal year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, Director Santiago Subotovsky sold 5,274 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $106.58, for a total value of $562,102.92. Following the transaction, the director directly owned 142,882 shares of the company’s stock, valued at $15,228,363.56. This represents a 3.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 company’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total value of $653,188.80. Following the completion of the transaction, the insider directly owned 141,971 shares in the company, valued at approximately $12,130,002.24. This represents a 5.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 156,638 shares of company stock worth $13,900,194. 10.78% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ZM has been the topic of a number of analyst reports. Weiss Ratings upgraded Zoom Communications from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Benchmark upped their price objective on Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Wells Fargo & Company upped their price objective on Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Morgan Stanley upped their price objective on Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Finally, Argus upgraded Zoom Communications to a “hold” rating in a research note on Monday, March 9th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Zoom Communications presently has an average rating of “Moderate Buy” and an average price target of $109.33.

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.