American Century Companies Inc. Sells 80,143 Shares of Zoom Communications, Inc. $ZM

American Century Companies Inc. lessened its position in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 25.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 234,071 shares of the company’s stock after selling 80,143 shares during the period. American Century Companies Inc. owned approximately 0.08% of Zoom Communications worth $19,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in shares of Zoom Communications by 16.8% in the 1st 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 in the last quarter. 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 purchasing an additional 6,235 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Zoom Communications by 82.0% in the first quarter. Geneos Wealth Management Inc. now owns 881 shares of the company’s stock worth $65,000 after purchasing an additional 397 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Zoom Communications in the second quarter valued at approximately $217,000. Finally, Envestnet Asset Management Inc. raised its stake in Zoom Communications by 68.2% in the second quarter. Envestnet Asset Management Inc. now owns 49,370 shares of the company’s stock valued at $3,850,000 after purchasing an additional 20,017 shares in the last quarter. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ZM has been the topic of several research reports. Benchmark lowered their price objective on shares of Zoom Communications from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Zoom Communications in a research note on Tuesday, November 25th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $87.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. Wolfe Research raised Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Thursday, February 5th. Finally, Wedbush restated an “outperform” rating and issued a $95.00 target price on shares of Zoom Communications in a report on Tuesday, November 25th. Fourteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Zoom Communications presently has a consensus rating of “Hold” and an average price target of $95.32.

Zoom Communications Price Performance

ZM stock opened at $76.38 on Wednesday. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $97.58. The firm has a 50-day moving average of $86.02 and a 200 day moving average of $84.68. The company has a market cap of $22.62 billion, a P/E ratio of 12.32, a PEG ratio of 4.40 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 earnings per share. 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, equities research analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Velchamy Sankarlingam sold 7,568 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $86.55, for a total value of $655,010.40. Following the sale, the insider directly owned 136,182 shares of the company’s stock, valued at $11,786,552.10. This represents a 5.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $77.42, for a total transaction of $191,614.50. Following the completion of the transaction, the director owned 153,442 shares of the company’s stock, valued at approximately $11,879,479.64. The trade was a 1.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 180,494 shares of company stock valued at $15,502,079 in the last 90 days. Corporate insiders own 10.78% of the company’s stock.

Zoom Communications Profile

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.