Arrowstreet Capital Limited Partnership Sells 167,588 Shares of Zoom Communications, Inc. $ZM

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 6.1% during the 1st quarter, HoldingsChannel reports. The firm owned 2,600,093 shares of the company’s stock after selling 167,588 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Zoom Communications were worth $209,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ZM. Allianz Asset Management GmbH lifted its stake in Zoom Communications by 15.6% in the 4th quarter. Allianz Asset Management GmbH now owns 2,112,815 shares of the company’s stock valued at $182,315,000 after acquiring an additional 285,626 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Zoom Communications by 43.6% during the 4th quarter. Hsbc Holdings PLC now owns 422,470 shares of the company’s stock worth $36,460,000 after acquiring an additional 128,174 shares in the last quarter. Sherry Group Inc. bought a new position in shares of Zoom Communications during the 4th quarter worth approximately $894,000. Boston Common Asset Management LLC acquired a new stake in shares of Zoom Communications in the fourth quarter valued at approximately $2,163,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Zoom Communications in the fourth quarter worth $13,312,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Communications Price Performance

Shares of ZM opened at $87.99 on Friday. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $114.74. The company has a market cap of $25.80 billion, a P/E ratio of 12.92, a P/E/G ratio of 4.51 and a beta of 1.01. The firm has a 50 day simple moving average of $93.30 and a two-hundred day simple moving average of $88.99.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.55 EPS 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 analysts’ expectations of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.Zoom Communications’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, analysts expect that Zoom Communications, Inc. will post 4.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Benchmark increased their target price on shares of Zoom Communications from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Morgan Stanley lifted their target price on Zoom Communications from $92.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Jefferies Financial Group upped their target price on Zoom Communications from $105.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Mizuho raised their price target on Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Finally, Piper Sandler boosted their price target on Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Insider Activity at Zoom Communications

In other Zoom Communications news, Director Santiago Subotovsky sold 5,274 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $109.78, for a total transaction of $578,979.72. Following the sale, the director owned 137,608 shares of the company’s stock, valued at approximately $15,106,606.24. The trade was a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the firm’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $90.80, for a total value of $770,801.20. Following the sale, the chief financial officer directly owned 35,452 shares in the company, valued at approximately $3,219,041.60. This trade represents a 19.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 48,517 shares of company stock valued at $5,061,783 in the last quarter. Insiders own 8.83% of the company’s stock.

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.