Harvey Capital Management Inc. Increases Stock Position in Zoom Communications, Inc. $ZM

Harvey Capital Management Inc. increased its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 18.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,165 shares of the company’s stock after acquiring an additional 9,040 shares during the quarter. Zoom Communications makes up about 1.0% of Harvey Capital Management Inc.’s holdings, making the stock its 28th biggest position. Harvey Capital Management Inc.’s holdings in Zoom Communications were worth $4,881,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. 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 purchasing an additional 1,153 shares during the period. Intech Investment Management LLC grew its holdings in shares of 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 buying an additional 6,235 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of 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 buying an additional 397 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Zoom Communications in the 2nd quarter valued at about $217,000. Finally, Farther Finance Advisors LLC increased its position in Zoom Communications by 26.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,746 shares of the company’s stock valued at $214,000 after acquiring an additional 569 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insiders Place Their Bets

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of Zoom Communications stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $83.46, for a total transaction of $1,009,866.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Aparna Bawa sold 12,137 shares of the company’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $81.37, for a total transaction of $987,587.69. Following the completion of the sale, the chief operating officer directly owned 1,978 shares in the company, valued at $160,949.86. This trade represents a 85.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 317,745 shares of company stock worth $27,002,595. 10.78% of the stock is owned by company insiders.

Zoom Communications Trading Up 1.3%

Shares of Zoom Communications stock opened at $85.78 on Monday. The company has a 50-day moving average of $85.27 and a two-hundred day moving average of $81.66. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $91.43. The stock has a market cap of $25.40 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 7.71 and a beta of 0.87.

Zoom Communications (NASDAQ:ZM) last released its quarterly 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 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 prior year, the firm posted $1.38 EPS. 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, sell-side analysts forecast that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ZM. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. Rosenblatt Securities restated a “buy” rating and set a $115.00 price target on shares of Zoom Communications in a research note on Tuesday, November 25th. Piper Sandler lifted their price objective on shares of Zoom Communications from $85.00 to $91.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. BTIG Research assumed coverage on shares of Zoom Communications in a research note on Tuesday, December 16th. They issued a “buy” rating and a $105.00 price objective on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Zoom Communications in a research report on Monday, December 29th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.82.

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.