Concurrent Investment Advisors LLC Makes New $202,000 Investment in Zoom Communications, Inc. $ZM

Concurrent Investment Advisors LLC bought a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,591 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors have also recently bought and sold shares of ZM. Janney Montgomery Scott LLC raised its stake in Zoom Communications by 22.1% during the first quarter. Janney Montgomery Scott LLC now owns 22,706 shares of the company’s stock worth $1,675,000 after acquiring an additional 4,106 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Zoom Communications by 19.8% in the first quarter. Blue Trust Inc. now owns 1,059 shares of the company’s stock valued at $78,000 after buying an additional 175 shares during the period. Praxis Investment Management Inc. increased its stake in shares of Zoom Communications by 21.2% in the first quarter. Praxis Investment Management Inc. now owns 5,140 shares of the company’s stock valued at $379,000 after buying an additional 900 shares during the period. Kentucky Retirement Systems acquired a new position in shares of Zoom Communications in the first quarter valued at approximately $1,328,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Zoom Communications in the first quarter valued at approximately $566,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Analyst Ratings Changes

ZM has been the subject of several recent research reports. Citigroup upped their price objective on Zoom Communications from $84.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. KeyCorp lowered their price objective on Zoom Communications from $73.00 to $69.00 and set an “underweight” rating for the company in a research note on Friday, August 22nd. Zacks Research raised Zoom Communications from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 target price on shares of Zoom Communications in a report on Thursday, September 18th. Finally, Stifel Nicolaus upped their target price on Zoom Communications from $80.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $91.74.

Insider Activity

In other Zoom Communications news, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $80.78, for a total transaction of $199,930.50. Following the transaction, the director directly owned 152,644 shares in the company, valued at approximately $12,330,582.32. This represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michelle Chang sold 33,956 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $2,784,392.00. Following the completion of the transaction, the chief financial officer owned 20,539 shares in the company, valued at approximately $1,684,198. This represents a 62.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 98,856 shares of company stock worth $8,009,892. Company insiders own 10.78% of the company’s stock.

Zoom Communications Stock Performance

Zoom Communications stock opened at $81.91 on Tuesday. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 10.92 and a beta of 0.78. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $92.80. The stock’s 50 day moving average price is $80.79 and its two-hundred day moving average price is $77.96.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.39). The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.Zoom Communications’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.39 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. On average, equities research analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.