Nisa Investment Advisors LLC cut its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM – Free Report) by 93.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,595 shares of the company’s stock after selling 22,156 shares during the period. Nisa Investment Advisors LLC’s holdings in Zoom Communications were worth $124,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of ZM. SouthState Corp acquired a new stake in shares of Zoom Communications in the first quarter valued at approximately $25,000. Wayfinding Financial LLC acquired a new stake in shares of Zoom Communications in the first quarter valued at approximately $25,000. REAP Financial Group LLC lifted its position in shares of Zoom Communications by 181.7% in the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock valued at $28,000 after buying an additional 229 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Zoom Communications in the second quarter valued at approximately $31,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Zoom Communications in the first quarter valued at approximately $31,000. 66.54% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Zoom Communications news, COO Aparna Bawa sold 10,528 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $79.77, for a total transaction of $839,818.56. Following the transaction, the chief operating officer owned 1,978 shares in the company, valued at $157,785.06. This trade represents a 84.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Velchamy Sankarlingam sold 7,660 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $628,120.00. Following the transaction, the insider owned 132,795 shares in the company, valued at approximately $10,889,190. This trade represents a 5.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 245,617 shares of company stock worth $20,154,365. 10.78% of the stock is currently owned by insiders.
Zoom Communications Trading Down 2.8%
Zoom Communications (NASDAQ:ZM – Get Free Report) last announced its earnings results on Thursday, August 21st. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.39). Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the business posted $1.39 EPS. Zoom Communications’s revenue for the quarter was up 4.7% on a year-over-year basis. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of Zoom Communications in a research report on Thursday, September 18th. Zacks Research raised Zoom Communications from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Dbs Bank raised Zoom Communications to a “moderate buy” rating in a research report on Tuesday, September 16th. KeyCorp cut their price objective on Zoom Communications from $73.00 to $69.00 and set an “underweight” rating for the company in a research report on Friday, August 22nd. Finally, Robert W. Baird lowered their target price on Zoom Communications from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $91.74.
Check Out Our Latest Analysis on ZM
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.
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