Zoom Communications (NASDAQ:ZM) CFO Michelle Chang Sells 8,489 Shares

Zoom Communications, Inc. (NASDAQ:ZM) CFO Michelle Chang sold 8,489 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $90.80, for a total transaction of $770,801.20. Following the transaction, the chief financial officer owned 35,452 shares of the company’s stock, valued at $3,219,041.60. This represents a 19.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.

Zoom Communications Stock Performance

Shares of ZM opened at $91.88 on Tuesday. The business’s 50-day moving average is $96.03 and its two-hundred day moving average is $88.80. The company has a market capitalization of $26.94 billion, a P/E ratio of 13.49, a P/E/G ratio of 4.96 and a beta of 1.01. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $114.74.

Zoom Communications (NASDAQ:ZM) last issued its 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 firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zoom Communications had a return on equity of 11.87% and a net margin of 41.99%.The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. 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 forecast that Zoom Communications, Inc. will post 4.08 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ZM shares. Citizens Jmp reaffirmed a “market perform” rating on shares of Zoom Communications in a research note on Wednesday, May 20th. Robert W. Baird boosted their target price on shares of Zoom Communications from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Wells Fargo & Company boosted their target price on shares of Zoom Communications from $90.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, May 22nd. BTIG Research increased their price target on shares of Zoom Communications from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $130.00 price target on shares of Zoom Communications in a research report on Thursday, July 2nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advocate Investing Services LLC purchased a new stake in Zoom Communications in the 4th quarter worth $26,000. Strive Financial Group LLC purchased a new position in Zoom Communications during the fourth quarter valued at $27,000. Toth Financial Advisory Corp acquired a new stake in shares of Zoom Communications in the fourth quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Zoom Communications by 133.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Finally, Rexford Capital Inc. grew its position in shares of Zoom Communications by 45.7% in the first quarter. Rexford Capital Inc. now owns 389 shares of the company’s stock valued at $31,000 after purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 66.54% 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.