Allspring Global Investments Holdings LLC Boosts Stake in Zoom Communications, Inc. $ZM

Allspring Global Investments Holdings LLC raised its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 21.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,287 shares of the company’s stock after buying an additional 19,488 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Zoom Communications were worth $8,802,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Candriam S.C.A. increased its stake in Zoom Communications by 49.4% during the second quarter. Candriam S.C.A. now owns 16,560 shares of the company’s stock worth $1,291,000 after acquiring an additional 5,477 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Zoom Communications during the 2nd quarter worth about $1,248,000. Shelton Capital Management increased its position in Zoom Communications by 519.3% during the 2nd quarter. Shelton Capital Management now owns 215,500 shares of the company’s stock worth $16,805,000 after purchasing an additional 180,700 shares in the last quarter. Brighton Jones LLC purchased a new position in Zoom Communications in the second quarter valued at approximately $817,000. Finally, Norges Bank acquired a new position in Zoom Communications during the second quarter valued at approximately $539,998,000. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Communications Price Performance

Shares of Zoom Communications stock opened at $85.78 on Wednesday. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $91.43. The company has a market capitalization of $25.40 billion, a PE ratio of 16.69, a P/E/G ratio of 7.77 and a beta of 0.87. The business has a 50-day moving average of $85.40 and a 200-day moving average of $81.10.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings results on Monday, November 24th. The company reported $1.52 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm posted $1.38 earnings per share. The company’s 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. On average, equities analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zoom Communications news, CFO Michelle Chang sold 33,956 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the transaction, the chief financial officer directly owned 20,539 shares in the company, valued at $1,684,198. This represents a 62.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $628,120.00. Following the transaction, the insider directly owned 132,795 shares of the company’s stock, valued at approximately $10,889,190. This represents a 5.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 460,276 shares of company stock valued at $38,530,509. Corporate insiders own 10.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ZM shares. Sanford C. Bernstein reissued a “market perform” rating and issued a $90.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. Wall Street Zen cut shares of Zoom Communications from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Wedbush reissued an “outperform” rating and issued a $95.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. JPMorgan Chase & Co. boosted their price objective on Zoom Communications from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 25th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $115.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $93.27.

Zoom Communications Profile

Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company’s platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom’s product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.

Founded in 2011 by Eric S.