Evolve Private Wealth LLC Cuts Stock Position in Zoom Communications, Inc. $ZM

Evolve Private Wealth LLC lessened its position in Zoom Communications, Inc. (NASDAQ:ZM) by 45.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 11,709 shares of the company’s stock after selling 9,798 shares during the period. Evolve Private Wealth LLC’s holdings in Zoom Communications were worth $941,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Kestra Advisory Services LLC boosted its stake in shares of Zoom Communications by 2.0% during the 4th quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after acquiring an additional 116 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Zoom Communications by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock valued at $2,094,000 after acquiring an additional 123 shares in the last quarter. Root Financial Partners LLC raised its holdings in shares of Zoom Communications by 33.5% in the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after acquiring an additional 136 shares during the last quarter. MAI Capital Management lifted 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 valued at $48,000 after buying an additional 149 shares during the period. Finally, Prudential PLC lifted its position in Zoom Communications by 5.7% during the fourth quarter. Prudential PLC now owns 3,040 shares of the company’s stock worth $262,000 after buying an additional 164 shares during the period. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Zoom Communications Stock Performance

Shares of NASDAQ:ZM opened at $86.44 on Wednesday. The business’s 50-day simple moving average is $96.79 and its 200 day simple moving average is $88.92. The company has a market cap of $25.35 billion, a P/E ratio of 12.69, a PEG ratio of 4.68 and a beta of 1.01. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $114.74.

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

Insider Activity

In other Zoom Communications news, COO Aparna Bawa sold 12,886 shares of the company’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $87.62, for a total value of $1,129,071.32. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $173,312.36. This represents a 86.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total value of $653,188.80. Following the sale, the insider owned 141,971 shares of the company’s stock, valued at $12,130,002.24. This represents a 5.11% decrease in their ownership of the stock. 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 156,638 shares of company stock valued at $13,900,194 in the last 90 days. Company insiders own 8.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ZM shares. Robert W. Baird lifted their price target 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. Citizens Jmp reiterated a “market perform” rating on shares of Zoom Communications in a report on Wednesday, May 20th. Argus raised shares of Zoom Communications to a “hold” rating in a research report on Monday, March 9th. BTIG Research raised their price target on shares of Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Piper Sandler lifted their price target on shares of Zoom Communications from $91.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, May 22nd. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $109.33.

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.