Zoom Communications, Inc. $ZM Shares Purchased by Candriam S.C.A.

Candriam S.C.A. boosted its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 49.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,560 shares of the company’s stock after buying an additional 5,477 shares during the period. Candriam S.C.A.’s holdings in Zoom Communications were worth $1,291,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. SouthState Corp purchased a new position in shares of Zoom Communications during the 1st quarter worth $25,000. REAP Financial Group LLC increased its position in Zoom Communications by 181.7% during the second quarter. REAP Financial Group LLC now owns 355 shares of the company’s stock worth $28,000 after purchasing an additional 229 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Zoom Communications during the second quarter worth about $31,000. GKV Capital Management Co. Inc. acquired a new position in Zoom Communications in the 1st quarter valued at about $31,000. Finally, Brooklyn Investment Group grew its stake in shares of Zoom Communications by 277.8% in the 1st quarter. Brooklyn Investment Group now owns 442 shares of the company’s stock valued at $33,000 after buying an additional 325 shares during the period. 66.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ZM has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Zoom Communications in a research report on Thursday, September 18th. Citigroup raised their target price on Zoom Communications from $85.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday. Morgan Stanley assumed coverage on Zoom Communications in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $85.00 price target on the stock. Wall Street Zen cut Zoom Communications from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $100.00 price objective on shares of Zoom Communications in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.35.

Insiders Place Their Bets

In related news, Director Santiago Subotovsky sold 2,475 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $84.15, for a total transaction of $208,271.25. Following the completion of the transaction, the director owned 150,169 shares in the company, valued at approximately $12,636,721.35. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Aparna Bawa sold 10,528 shares of the stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $79.77, for a total value of $839,818.56. Following the completion of the transaction, the chief operating officer directly owned 1,978 shares in the company, valued at $157,785.06. This trade represents a 84.18% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 321,470 shares of company stock worth $26,684,150. 10.78% of the stock is currently owned by insiders.

Zoom Communications Price Performance

ZM stock opened at $81.86 on Tuesday. The business’s 50-day moving average is $83.09 and its two-hundred day moving average is $79.63. The firm has a market capitalization of $24.77 billion, a P/E ratio of 21.60, a P/E/G ratio of 11.49 and a beta of 0.79. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $92.80.

Zoom Communications (NASDAQ:ZM) last released 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 analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The firm’s quarterly revenue 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. On average, analysts expect 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.