Zoom Communications, Inc. $ZM Shares Sold by DCF Advisers LLC

DCF Advisers LLC trimmed its holdings in Zoom Communications, Inc. (NASDAQ:ZM) by 19.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 27,250 shares of the company’s stock after selling 6,750 shares during the period. DCF Advisers LLC’s holdings in Zoom Communications were worth $2,248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC acquired a new position in shares of Zoom Communications in the 2nd quarter valued at $27,000. Root Financial Partners LLC purchased a new stake in Zoom Communications in the 3rd quarter valued at about $33,000. Quent Capital LLC acquired a new position in Zoom Communications in the third quarter valued at about $34,000. Cloud Capital Management LLC purchased a new position in Zoom Communications during the third quarter worth about $42,000. Finally, MAI Capital Management boosted its stake in Zoom Communications by 34.7% during the third quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after buying an additional 149 shares during the period. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Stock Performance

Shares of ZM opened at $77.50 on Friday. The company’s 50-day simple moving average is $86.41 and its 200-day simple moving average is $84.52. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $97.58. The stock has a market capitalization of $22.95 billion, a PE ratio of 12.50, a P/E/G ratio of 4.41 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $1.41 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. On average, sell-side analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZM has been the topic of a number of research analyst reports. BTIG Research reduced their price target on shares of Zoom Communications from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Citigroup raised shares of Zoom Communications from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $94.00 to $106.00 in a research report on Monday, January 12th. Wolfe Research upgraded shares of Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 target price for the company in a report on Thursday, February 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. Finally, Zacks Research cut Zoom Communications from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Fourteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.32.

Insider Buying and Selling

In other Zoom Communications news, COO Aparna Bawa sold 12,137 shares of the business’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $81.37, for a total value of $987,587.69. Following the completion of the transaction, the chief operating officer owned 1,978 shares in the company, valued at $160,949.86. The trade was a 85.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $77.42, for a total value of $191,614.50. Following the sale, the director directly owned 153,442 shares in the company, valued at $11,879,479.64. This represents a 1.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 183,089 shares of company stock worth $15,730,024 over the last three months. 11.51% of the stock is owned by insiders.

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.