Santiago Subotovsky Sells 2,637 Shares of Zoom Communications (NASDAQ:ZM) Stock

Zoom Communications, Inc. (NASDAQ:ZM) Director Santiago Subotovsky sold 2,637 shares of Zoom Communications stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $90.15, for a total transaction of $237,725.55. Following the sale, the director owned 138,554 shares of the company’s stock, valued at approximately $12,490,643.10. This represents a 1.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Santiago Subotovsky also recently made the following trade(s):

• On Monday, June 1st, Santiago Subotovsky sold 5,274 shares of Zoom Communications stock. The shares were sold at an average price of $109.78, for a total transaction of $578,979.72.
• On Monday, May 4th, Santiago Subotovsky sold 5,274 shares of Zoom Communications stock. The stock was sold at an average price of $106.58, for a total transaction of $562,102.92.
• On Friday, May 1st, Santiago Subotovsky sold 2,643 shares of Zoom Communications stock. The shares were sold at an average price of $102.85, for a total value of $271,832.55.
• On Thursday, April 16th, Santiago Subotovsky sold 2,388 shares of Zoom Communications stock. The stock was sold at an average price of $87.32, for a total value of $208,520.16.
• On Thursday, April 16th, Santiago Subotovsky sold 2,643 shares of Zoom Communications stock. The stock was sold at an average price of $87.32, for a total value of $230,786.76.

Zoom Communications Price Performance

Shares of ZM stock opened at $85.68 on Wednesday. The stock has a market cap of $25.12 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 4.69 and a beta of 1.01. The stock has a 50-day moving average of $96.35 and a 200-day moving average of $88.79. Zoom Communications, Inc. has a one year low of $69.15 and a one year 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 the consensus estimate of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business posted $1.43 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. 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, research analysts anticipate that Zoom Communications, Inc. will post 4.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ZM. GAMMA Investing LLC grew its stake in shares of Zoom Communications by 35.7% in the second quarter. GAMMA Investing LLC now owns 2,244 shares of the company’s stock valued at $194,000 after buying an additional 590 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of Zoom Communications by 95.7% during the 2nd quarter. CoreCap Advisors LLC now owns 1,282 shares of the company’s stock worth $111,000 after purchasing an additional 627 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Zoom Communications by 9.7% during the 2nd quarter. Versant Capital Management Inc now owns 8,121 shares of the company’s stock worth $701,000 after purchasing an additional 720 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Zoom Communications by 10.8% in the 1st quarter. Pacer Advisors Inc. now owns 2,595,840 shares of the company’s stock valued at $208,680,000 after purchasing an additional 253,181 shares during the period. Finally, Leigh Baldwin & CO. LLC lifted its stake in Zoom Communications by 16.5% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 5,732 shares of the company’s stock valued at $461,000 after purchasing an additional 810 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citizens Jmp reiterated a “market perform” rating on shares of Zoom Communications in a research report on Wednesday, May 20th. Weiss Ratings cut shares of Zoom Communications from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Rosenblatt Securities boosted their price objective on shares of Zoom Communications from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Wells Fargo & Company upped their target price on shares of Zoom Communications from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Finally, BTIG Research lifted their price target on Zoom Communications from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.