Zoom Communications, Inc. $ZM Shares Sold by Avory & Company LLC

Avory & Company LLC lowered its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 61.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,817 shares of the company’s stock after selling 172,692 shares during the period. Zoom Communications makes up approximately 11.1% of Avory & Company LLC’s portfolio, making the stock its 2nd biggest holding. Avory & Company LLC’s holdings in Zoom Communications were worth $8,587,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its holdings in Zoom Communications by 15.6% in the fourth 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 during the last quarter. Hsbc Holdings PLC increased its stake in Zoom Communications by 43.6% during the fourth 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 during the last quarter. Sherry Group Inc. purchased a new position in shares of Zoom Communications in the 4th quarter worth about $894,000. Boston Common Asset Management LLC acquired a new position in shares of Zoom Communications in the 4th quarter valued at about $2,163,000. Finally, Geode Capital Management LLC lifted its stake in shares of Zoom Communications by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company’s stock valued at $445,254,000 after purchasing an additional 152,862 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analysts Set New Price Targets

ZM has been the subject of a number of research analyst reports. Cantor Fitzgerald increased their target price on shares of Zoom Communications from $87.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, May 22nd. Citigroup boosted their price objective on shares of Zoom Communications from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Jefferies Financial Group raised their target price on shares of Zoom Communications from $105.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a research report on Thursday, July 2nd. Finally, Robert W. Baird increased their price target on Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, Zoom Communications has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Zoom Communications Trading Down 2.5%

NASDAQ ZM opened at $84.96 on Tuesday. The stock has a market cap of $24.91 billion, a P/E ratio of 12.48, a PEG ratio of 4.81 and a beta of 1.01. The company’s fifty day simple moving average is $96.58 and its 200-day simple moving average is $88.83. Zoom Communications, Inc. has a 52 week low of $69.15 and a 52 week high of $114.74.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business earned $1.43 EPS. The business’s revenue was up 5.5% on a year-over-year basis. 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, research analysts expect that Zoom Communications, Inc. will post 4.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Aparna Bawa sold 12,886 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $87.62, for a total value of $1,129,071.32. Following the transaction, the chief operating officer 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $85.44, for a total value of $653,188.80. Following the completion of the transaction, the insider directly owned 141,971 shares of the company’s stock, valued at $12,130,002.24. This represents a 5.11% 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. Insiders have sold 159,275 shares of company stock valued at $14,137,919 over the last ninety days. Insiders own 8.83% of the company’s stock.

Zoom Communications Company 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.