Aaron Wealth Advisors LLC Sells 13,709 Shares of Zoom Communications, Inc. $ZM

Aaron Wealth Advisors LLC cut its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 51.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,066 shares of the company’s stock after selling 13,709 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Zoom Communications were worth $1,050,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ZM. NewEdge Advisors LLC lifted its holdings in shares of Zoom Communications by 16.8% during the first quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after purchasing an additional 1,153 shares during the period. Intech Investment Management LLC increased its stake in shares of Zoom Communications by 59.1% in the first quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock valued at $1,238,000 after buying an additional 6,235 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Zoom Communications by 82.0% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after acquiring an additional 397 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Zoom Communications in the second quarter valued at approximately $217,000. Finally, Invesco Ltd. increased its position in Zoom Communications by 7.0% during the 2nd quarter. Invesco Ltd. now owns 730,207 shares of the company’s stock valued at $56,942,000 after purchasing an additional 47,749 shares during the period. Institutional investors own 66.54% of the company’s stock.

Insiders Place Their Bets

In other news, insider Velchamy Sankarlingam sold 7,645 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total transaction of $653,188.80. Following the transaction, the insider directly owned 141,971 shares of the company’s stock, valued at approximately $12,130,002.24. The trade was a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric S. Yuan sold 12,100 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $111.61, for a total value of $1,350,481.00. 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 have sold a total of 156,638 shares of company stock valued at $13,900,194 in the last 90 days. 8.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ZM has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Zoom Communications from $92.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Citigroup upped their price target on shares of Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. BTIG Research boosted their price objective on Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Robert W. Baird raised their target price on Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Finally, Rosenblatt Securities lifted their price objective on shares of Zoom Communications from $115.00 to $130.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.33.

Zoom Communications Trading Up 4.3%

ZM stock opened at $86.48 on Friday. The stock has a market capitalization of $25.36 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 4.58 and a beta of 1.01. The firm’s 50-day moving average price is $96.80 and its two-hundred day moving average price is $88.87. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $114.74.

Zoom Communications (NASDAQ:ZM) last posted 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 company had revenue of $1.24 billion during 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%. Zoom Communications’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $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. Equities analysts predict that Zoom Communications, Inc. will post 4.08 EPS for the current year.

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.