Allstate Corp Buys Shares of 9,253 Zoom Communications, Inc. $ZM

Allstate Corp purchased a new position in Zoom Communications, Inc. (NASDAQ:ZM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,253 shares of the company’s stock, valued at approximately $763,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in ZM. NewEdge Advisors LLC increased its stake in Zoom Communications by 16.8% in the first quarter. NewEdge Advisors LLC now owns 8,009 shares of the company’s stock valued at $591,000 after acquiring an additional 1,153 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of Zoom Communications by 59.1% in the 1st 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 in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Zoom Communications by 82.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after purchasing an additional 397 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of Zoom Communications during the 2nd quarter valued at about $217,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Zoom Communications by 20.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 53,168 shares of the company’s stock valued at $4,178,000 after buying an additional 9,016 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insider Transactions at Zoom Communications

In other news, CFO Michelle Chang sold 8,417 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $86.54, for a total transaction of $728,407.18. Following the transaction, the chief financial officer directly owned 25,482 shares of the company’s stock, valued at approximately $2,205,212.28. The trade was a 24.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Aparna Bawa sold 12,137 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $81.37, for a total value of $987,587.69. Following the completion of the sale, the chief operating officer directly owned 1,978 shares of the company’s stock, valued at $160,949.86. The trade was a 85.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 317,745 shares of company stock worth $27,002,595. Corporate insiders own 11.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Zoom Communications in a research report on Monday, December 29th. Jefferies Financial Group upped their price objective on shares of Zoom Communications from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Zacks Research upgraded shares of Zoom Communications from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. BTIG Research initiated coverage on shares of Zoom Communications in a research note on Tuesday, December 16th. They issued a “buy” rating and a $105.00 price target for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 price objective on shares of Zoom Communications in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.82.

Zoom Communications Trading Up 4.3%

ZM stock opened at $84.65 on Friday. The stock has a market capitalization of $25.06 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 7.29 and a beta of 0.87. The firm’s 50-day moving average price is $85.24 and its two-hundred day moving average price is $81.54. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $91.43.

Zoom Communications (NASDAQ:ZM) last posted its earnings results on Monday, November 24th. The company reported $1.52 earnings per share for the quarter, topping 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 company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business posted $1.38 earnings per share. Zoom Communications’s revenue for the quarter was up 4.4% on a year-over-year basis. 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. Equities analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current year.

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.