GRIMES & Co WEALTH MANAGEMENT LLC Has $14.39 Million Stock Position in Zoom Communications, Inc. $ZM

GRIMES & Co WEALTH MANAGEMENT LLC lessened its stake in Zoom Communications, Inc. (NASDAQ:ZM) by 12.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,358 shares of the company’s stock after selling 25,474 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC owned about 0.06% of Zoom Communications worth $14,385,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ZM. NewEdge Advisors LLC raised its holdings in shares of Zoom Communications by 16.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock worth $591,000 after buying an additional 1,153 shares in the last quarter. Intech Investment Management LLC raised its stake in Zoom Communications by 59.1% during the first quarter. Intech Investment Management LLC now owns 16,785 shares of the company’s stock worth $1,238,000 after acquiring an additional 6,235 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Zoom Communications by 82.0% during the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after acquiring an additional 397 shares in the last quarter. Strs Ohio bought a new position in shares of Zoom Communications in the first quarter worth about $3,377,000. Finally, Voya Investment Management LLC boosted its stake in shares of Zoom Communications by 24.2% in the 1st quarter. Voya Investment Management LLC now owns 70,180 shares of the company’s stock valued at $5,177,000 after purchasing an additional 13,686 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

Zoom Communications Price Performance

Shares of ZM opened at $86.75 on Tuesday. The business has a 50-day moving average of $85.46 and a 200-day moving average of $81.36. The company has a market capitalization of $25.69 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 7.65 and a beta of 0.87. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $91.43.

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

Insiders Place Their Bets

In related news, CEO Eric S. Yuan sold 73,378 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $87.29, for a total transaction of $6,405,165.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Velchamy Sankarlingam sold 2,595 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $87.84, for a total value of $227,944.80. Following the sale, the insider directly owned 133,659 shares of the company’s stock, valued at $11,740,606.56. This represents a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 387,443 shares of company stock valued at $32,643,598. 10.78% of the stock is currently owned by insiders.

More Zoom Communications News

Here are the key news stories impacting Zoom Communications this week:

• Positive Sentiment: Citi upgraded Zoom from Neutral to Buy and raised its price target to $106 (from $94), citing accelerating AI growth prospects and fresh momentum as justification for the higher target. Citigroup upgrades Zoom Communications (ZM)
• Positive Sentiment: News coverage that the stock “surged” after Citi’s upgrade amplified buying interest intraday — media headlines reinforced the upgrade as the primary near-term driver of the move. Zoom Stock Surges After Citi Upgrade on AI Growth Bets
• Positive Sentiment: Citi’s research note elaborated that it sees “fresh momentum building” at Zoom tied to AI initiatives and product monetization — a narrative that supports higher multi-quarter revenue/ARPA expectations if adoption accelerates. Citi Sees Fresh Momentum Building at Zoom
• Positive Sentiment: Zoom announced an AI-literacy national student learning experience, reinforcing its go-to-market positioning around AI-enabled communication and education use cases—helps the growth narrative even if revenue impact is longer-term. Zoom reinforces commitment to AI literacy with national student learning experience
• Neutral Sentiment: A Zacks piece framed Zoom as a “pandemic favorite” that could rebound — a thematic, longer-term bullish take but not new fundamental news; useful for momentum/retail interest but not an immediate earnings/strategy update. Time For This Pandemic Favorite Stock to Roar Back?
• Neutral Sentiment: A Benzinga roundup summarized views from 13 analysts — useful for sentiment checks but it largely aggregates existing opinions rather than delivering fresh, market-moving detail. Beyond The Numbers: 13 Analysts Discuss Zoom Communications Stock
• Neutral Sentiment: Reported short-interest data shows effectively zero reported short shares (data appears anomalous/NaN), so there’s no clear short-squeeze dynamic driving the move — treat the short-interest print as unreliable until verified.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Zoom Communications in a research report on Monday, December 29th. Rosenblatt Securities reiterated a “buy” rating and set a $115.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. Wells Fargo & Company started coverage on Zoom Communications in a research note on Tuesday, September 30th. They issued an “equal weight” rating and a $90.00 price target for the company. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $87.00 target price on shares of Zoom Communications in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Zoom Communications currently has an average rating of “Moderate Buy” and a consensus target price of $93.82.

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.