Zoom Communications, Inc. $ZM Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC cut its position in Zoom Communications, Inc. (NASDAQ:ZM) by 58.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,734 shares of the company’s stock after selling 6,751 shares during the period. Kestra Private Wealth Services LLC’s holdings in Zoom Communications were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kestra Advisory Services LLC lifted its position in shares of Zoom Communications by 2.0% during the 4th quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company’s stock worth $512,000 after buying an additional 116 shares during the last quarter. New York State Teachers Retirement System raised its stake in Zoom Communications by 0.5% during the 4th quarter. New York State Teachers Retirement System now owns 24,263 shares of the company’s stock worth $2,094,000 after acquiring an additional 123 shares in the last quarter. Root Financial Partners LLC raised its stake in Zoom Communications by 33.5% during the 4th quarter. Root Financial Partners LLC now owns 542 shares of the company’s stock worth $47,000 after acquiring an additional 136 shares in the last quarter. MAI Capital Management lifted its position in Zoom Communications by 34.7% in the third quarter. MAI Capital Management now owns 579 shares of the company’s stock valued at $48,000 after acquiring an additional 149 shares during the last quarter. Finally, Prudential PLC lifted its position in Zoom Communications by 5.7% in the fourth quarter. Prudential PLC now owns 3,040 shares of the company’s stock valued at $262,000 after acquiring an additional 164 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Communications Price Performance

Shares of NASDAQ ZM opened at $87.14 on Friday. The stock has a fifty day moving average price of $96.58 and a 200 day moving average price of $88.81. Zoom Communications, Inc. has a 1-year low of $69.15 and a 1-year high of $114.74. The company has a market cap of $25.55 billion, a PE ratio of 12.80, a P/E/G ratio of 4.81 and a beta of 1.01.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company posted $1.43 EPS. Zoom Communications’s 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. Analysts anticipate that Zoom Communications, Inc. will post 4.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Citigroup raised their price objective on Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Benchmark boosted their target price on Zoom Communications from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Jefferies Financial Group upped their target price on Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Piper Sandler raised their price target on Zoom Communications from $91.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $130.00 price target on shares of Zoom Communications in a research report on Tuesday, June 30th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Zoom Communications has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Insider Buying and Selling at Zoom Communications

In related news, CEO Eric S. Yuan sold 69,923 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $81.22, for a total transaction of $5,679,146.06. Following the completion of the transaction, the chief executive officer directly owned 36,796 shares of the company’s stock, valued at $2,988,571.12. This represents a 65.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 dated Friday, April 17th. The shares were sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the completion of the sale, the chief operating officer owned 1,978 shares of the company’s stock, valued at approximately $173,312.36. The trade was a 86.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 156,638 shares of company stock valued at $13,900,194. 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.