BI Asset Management Fondsmaeglerselskab A S Sells 9,928 Shares of Zoom Communications, Inc. $ZM

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 52.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,893 shares of the company’s stock after selling 9,928 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Zoom Communications were worth $715,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ZM. Advocate Investing Services LLC bought a new position in shares of Zoom Communications during the fourth quarter worth about $26,000. Strive Financial Group LLC acquired a new position in Zoom Communications during the 4th quarter worth approximately $27,000. Toth Financial Advisory Corp bought a new position in shares of Zoom Communications during the 4th quarter worth approximately $28,000. Sound Income Strategies LLC grew 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 acquiring an additional 200 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its holdings in shares of Zoom Communications by 83.3% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Zoom Communications

In related news, insider Velchamy Sankarlingam sold 7,645 shares of the stock in a transaction on Wednesday, April 15th. The stock was 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 in the company, valued at approximately $12,130,002.24. This represents a 5.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Aparna Bawa sold 12,886 shares of the firm’s stock in a transaction on 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 sale, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 156,638 shares of company stock worth $13,900,194 in the last three months. 8.83% of the stock is owned by insiders.

Analysts Set New Price Targets

ZM has been the topic of a number of research reports. Morgan Stanley boosted their price objective 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. Mizuho lifted their price target on shares of Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Robert W. Baird boosted their price target on shares of Zoom Communications from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Wells Fargo & Company increased their price objective 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, Citigroup raised their price objective on Zoom Communications from $122.00 to $126.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Zoom Communications Price Performance

Shares of ZM stock opened at $82.88 on Friday. The company has a fifty day moving average price of $96.85 and a two-hundred day moving average price of $88.88. Zoom Communications, Inc. has a one year low of $69.15 and a one year high of $114.74. The stock has a market cap of $24.30 billion, a P/E ratio of 12.17, a P/E/G ratio of 4.72 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data 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. The company had revenue of $1.24 billion for 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% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, equities research analysts anticipate that Zoom Communications, Inc. will post 4.08 EPS for the current fiscal year.

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.