Zoom Communications, Inc. $ZM Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. decreased its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 74.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,320 shares of the company’s stock after selling 84,384 shares during the period. QRG Capital Management Inc.’s holdings in Zoom Communications were worth $2,336,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of ZM. NewEdge Advisors LLC grew its stake in 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 purchasing an additional 1,153 shares in the last quarter. Intech Investment Management LLC lifted 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 purchasing an additional 6,235 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Zoom Communications by 82.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after buying an additional 397 shares during the last quarter. Parallel Advisors LLC boosted its stake in Zoom Communications by 27.4% in the second quarter. Parallel Advisors LLC now owns 2,970 shares of the company’s stock valued at $232,000 after acquiring an additional 638 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Zoom Communications in the 2nd quarter valued at about $217,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Zoom Communications Stock Down 0.7%

NASDAQ:ZM opened at $80.96 on Tuesday. The company has a market cap of $23.97 billion, a P/E ratio of 15.75, a P/E/G ratio of 7.27 and a beta of 0.87. The firm’s 50 day moving average is $85.36 and its two-hundred day moving average is $81.50. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $91.43.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Monday, November 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.08. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.38 EPS. 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. Research analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Zacks Research raised shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. William Blair reiterated an “outperform” rating on shares of Zoom Communications in a research note on Tuesday, September 30th. Cantor Fitzgerald restated a “neutral” rating and issued a $87.00 price target on shares of Zoom Communications in a research report on Tuesday, November 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. Finally, Morgan Stanley raised their price target on Zoom Communications from $85.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $93.82.

Insider Transactions at Zoom Communications

In related news, CFO Michelle Chang sold 8,417 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $86.54, for a total value of $728,407.18. Following the transaction, the chief financial officer owned 25,482 shares in the company, valued at approximately $2,205,212.28. This trade represents a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Velchamy Sankarlingam sold 7,568 shares of Zoom Communications stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $86.55, for a total transaction of $655,010.40. Following the transaction, the insider directly owned 136,182 shares in the company, valued at approximately $11,786,552.10. This trade represents a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 452,369 shares of company stock valued at $38,159,479. Insiders own 10.78% of the company’s stock.

About Zoom Communications

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.