Assenagon Asset Management S.A. Increases Stock Holdings in Zoom Communications, Inc. $ZM

Assenagon Asset Management S.A. increased its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 168.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,025,274 shares of the company’s stock after buying an additional 643,074 shares during the quarter. Assenagon Asset Management S.A. owned 0.34% of Zoom Communications worth $84,585,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Zoom Communications by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 24,951,437 shares of the company’s stock worth $1,945,713,000 after acquiring an additional 154,783 shares during the last quarter. State Street Corp lifted its position in shares of Zoom Communications by 6.0% during the second quarter. State Street Corp now owns 7,189,501 shares of the company’s stock valued at $560,637,000 after purchasing an additional 410,051 shares in the last quarter. Norges Bank bought a new position in shares of Zoom Communications in the second quarter valued at approximately $539,998,000. T. Rowe Price Investment Management Inc. increased its position in shares of Zoom Communications by 0.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company’s stock valued at $473,732,000 after acquiring an additional 36,210 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Zoom Communications by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 4,795,307 shares of the company’s stock worth $373,504,000 after buying an additional 23,910 shares during the last quarter. 66.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Santiago Subotovsky sold 2,475 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $86.05, for a total value of $212,973.75. Following the transaction, the director owned 147,694 shares in the company, valued at approximately $12,709,068.70. This represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Velchamy Sankarlingam sold 2,595 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $87.84, for a total value of $227,944.80. Following the transaction, the insider directly owned 133,659 shares in the company, valued at approximately $11,740,606.56. The trade was a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 462,751 shares of company stock valued at $38,730,439. 11.51% of the stock is owned by company insiders.

Zoom Communications Price Performance

Shares of Zoom Communications stock opened at $88.75 on Thursday. The stock has a market capitalization of $26.28 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 7.97 and a beta of 0.81. Zoom Communications, Inc. has a one year low of $64.41 and a one year high of $91.43. The business’s 50 day simple moving average is $83.91 and its two-hundred day simple moving average is $80.29.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Monday, November 24th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.08. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company posted $1.38 EPS. Zoom Communications’s quarterly revenue was up 4.4% compared to the same quarter last year. 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. Sell-side analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ZM. Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 price objective on shares of Zoom Communications in a research note on Tuesday, November 25th. Piper Sandler reissued a “neutral” rating and set a $85.00 price objective on shares of Zoom Communications in a report on Friday, August 22nd. 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, November 17th. Finally, UBS Group assumed coverage on Zoom Communications in a research report on Monday, October 20th. They set a “neutral” rating and a $85.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $93.00.

About Zoom Communications

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.