Grant Private Wealth Management Inc Takes Position in Zoom Communications, Inc. $ZM

Grant Private Wealth Management Inc acquired a new position in Zoom Communications, Inc. (NASDAQ:ZM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 12,989 shares of the company’s stock, valued at approximately $1,072,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ZM. Wedmont Private Capital grew its stake in shares of Zoom Communications by 4.1% in the second quarter. Wedmont Private Capital now owns 3,499 shares of the company’s stock worth $271,000 after acquiring an additional 137 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Zoom Communications by 6.7% in the first quarter. Smartleaf Asset Management LLC now owns 2,293 shares of the company’s stock worth $172,000 after purchasing an additional 143 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in Zoom Communications by 12.6% in the second quarter. Penserra Capital Management LLC now owns 1,446 shares of the company’s stock worth $111,000 after purchasing an additional 162 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Zoom Communications by 44.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 556 shares of the company’s stock worth $43,000 after purchasing an additional 171 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Zoom Communications by 0.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 24,395 shares of the company’s stock worth $1,902,000 after purchasing an additional 181 shares during the period. Institutional investors own 66.54% of the company’s stock.

Insider Buying and Selling

In other Zoom Communications news, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $86.05, for a total value of $212,973.75. Following the completion of the sale, the director owned 147,694 shares in the company, valued at approximately $12,709,068.70. This represents a 1.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michelle Chang sold 33,956 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were 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 $1,684,198. The trade was a 62.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 389,373 shares of company stock worth $32,325,274 in the last three months. Corporate insiders own 10.78% of the company’s stock.

Zoom Communications Trading Up 1.6%

Zoom Communications stock opened at $87.91 on Wednesday. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $91.43. The firm has a market capitalization of $26.03 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 7.84 and a beta of 0.81. The firm has a 50 day moving average of $83.73 and a 200 day moving average of $80.23.

Zoom Communications (NASDAQ:ZM) last issued its quarterly earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.08. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. On average, analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ZM. Wells Fargo & Company assumed coverage on Zoom Communications in a report on Tuesday, September 30th. They set an “equal weight” rating and a $90.00 price target on the stock. 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 report on Friday, August 22nd. Wall Street Zen downgraded Zoom Communications from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. William Blair reaffirmed an “outperform” rating on shares of Zoom Communications in a research report on Tuesday, September 30th. Finally, Citigroup raised their price objective on shares of Zoom Communications from $85.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, November 17th. Twelve research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $93.00.

Zoom Communications 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.