Banque Cantonale Vaudoise Cuts Stake in Zoom Communications, Inc. $ZM

Banque Cantonale Vaudoise cut its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 56.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,047 shares of the company’s stock after selling 11,531 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Zoom Communications were worth $727,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Advocate Investing Services LLC purchased a new stake in shares of Zoom Communications during the fourth quarter valued at approximately $26,000. Strive Financial Group LLC purchased a new position in shares of Zoom Communications in the fourth quarter worth $27,000. Toth Financial Advisory Corp bought a new position in shares of Zoom Communications during the fourth quarter valued at $28,000. Sound Income Strategies LLC lifted its holdings in shares of Zoom Communications by 94.8% during the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Zoom Communications by 83.3% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $38,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insider Buying and Selling at Zoom Communications

In other news, CEO Eric S. Yuan sold 12,100 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $111.61, for a total value of $1,350,481.00. 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, COO Aparna Bawa sold 12,886 shares of Zoom Communications 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 transaction, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $173,312.36. The trade was a 86.69% 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. In the last 90 days, insiders sold 156,638 shares of company stock worth $13,900,194. 8.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ZM shares. KeyCorp raised Zoom Communications from an “underweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. Rosenblatt Securities raised their price target 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. Argus upgraded shares of Zoom Communications to a “hold” rating in a research note on Monday, March 9th. Cantor Fitzgerald boosted their price objective on shares of Zoom Communications from $87.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Finally, Mizuho increased their price objective on shares of Zoom Communications from $100.00 to $120.00 and gave the company an “outperform” 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. Based on data from MarketBeat, Zoom Communications currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.33.

Zoom Communications Stock Up 4.3%

NASDAQ ZM opened at $86.48 on Friday. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74. The firm has a market capitalization of $25.36 billion, a P/E ratio of 12.70, a PEG ratio of 4.77 and a beta of 1.01. The company has a 50-day moving average price of $96.80 and a 200-day moving average price of $88.87.

Zoom Communications (NASDAQ:ZM) last announced its earnings results 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. 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 during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The firm’s quarterly revenue 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, equities research analysts anticipate that Zoom Communications, Inc. will post 4.09 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.