Zoom Communications, Inc. $ZM Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 132.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,343 shares of the company’s stock after buying an additional 6,455 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Zoom Communications were worth $936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ZM. Norges Bank acquired a new stake in shares of Zoom Communications in the second quarter worth approximately $539,998,000. Acadian Asset Management LLC boosted its holdings in shares of Zoom Communications by 41.1% in the 2nd quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock valued at $293,909,000 after purchasing an additional 1,097,333 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Zoom Communications by 54.4% during the 3rd quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock valued at $222,353,000 after buying an additional 949,829 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Zoom Communications by 63.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company’s stock worth $166,651,000 after buying an additional 830,393 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Zoom Communications in the 3rd quarter worth $63,357,000. Institutional investors and hedge funds own 66.54% of the company’s stock.

Insider Activity at Zoom Communications

In other Zoom Communications news, CFO Michelle Chang sold 8,417 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $86.54, for a total value of $728,407.18. Following the completion of the transaction, the chief financial officer directly owned 25,482 shares in the company, valued at $2,205,212.28. This trade represents a 24.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Velchamy Sankarlingam sold 7,568 shares of the business’s stock in a transaction 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 sale, 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. Insiders sold 317,745 shares of company stock valued at $27,002,595 over the last ninety days. Company insiders own 11.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Royal Bank Of Canada restated an “outperform” rating and set a $100.00 price target on shares of Zoom Communications in a research note on Tuesday, November 25th. Rosenblatt Securities restated a “buy” rating and issued a $115.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Zoom Communications in a research note on Tuesday, November 25th. Piper Sandler raised their target price on shares of Zoom Communications from $85.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, January 5th. Finally, UBS Group started coverage on shares of Zoom Communications in a report on Monday, October 20th. They set a “neutral” rating and a $85.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.82.

Zoom Communications Trading Up 1.3%

ZM stock opened at $85.78 on Friday. The company has a market capitalization of $25.40 billion, a P/E ratio of 16.69, a PEG ratio of 7.60 and a beta of 0.87. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $91.43. The firm has a 50 day simple moving average of $85.27 and a 200-day simple moving average of $81.60.

Zoom Communications (NASDAQ:ZM) last issued its 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. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. Zoom Communications had a return on equity of 12.20% and a net margin of 33.17%.Zoom Communications’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 earnings per share. 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, research 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.