CGN Advisors LLC Takes Position in Zoom Communications, Inc. $ZM

CGN Advisors LLC purchased a new position in Zoom Communications, Inc. (NASDAQ:ZM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 18,766 shares of the company’s stock, valued at approximately $1,619,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wynn Capital LLC increased its stake in shares of Zoom Communications by 1.3% during the third quarter. Wynn Capital LLC now owns 10,429 shares of the company’s stock worth $860,000 after purchasing an additional 130 shares in the last quarter. MAI Capital Management increased its stake in Zoom Communications by 34.7% during the 3rd quarter. MAI Capital Management now owns 579 shares of the company’s stock worth $48,000 after buying an additional 149 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Zoom Communications by 0.7% during the second quarter. Daiwa Securities Group Inc. now owns 24,395 shares of the company’s stock valued at $1,902,000 after acquiring an additional 181 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of Zoom Communications by 4.5% in the third quarter. Yousif Capital Management LLC now owns 4,552 shares of the company’s stock valued at $376,000 after acquiring an additional 198 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Zoom Communications by 19.4% in the third quarter. IFP Advisors Inc now owns 1,401 shares of the company’s stock worth $116,000 after acquiring an additional 228 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ZM. Jefferies Financial Group increased their price objective on Zoom Communications from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, November 25th. BTIG Research decreased 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. Wall Street Zen lowered shares of Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. KeyCorp increased their price objective on shares of Zoom Communications from $69.00 to $74.00 and gave the company an “underweight” rating in a report on Thursday, February 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 target price on shares of Zoom Communications in a report on Friday, March 13th. Fourteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $95.32.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, 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 value of $987,587.69. Following the transaction, the chief operating officer owned 1,978 shares of the company’s stock, valued at $160,949.86. This represents a 85.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction, the director directly owned 153,442 shares of the company’s stock, valued at approximately $11,879,479.64. This trade represents a 1.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 109,706 shares of company stock worth $9,299,555. Insiders own 11.51% of the company’s stock.

Zoom Communications Price Performance

NASDAQ:ZM opened at $76.61 on Friday. The company’s 50-day moving average is $84.43 and its two-hundred day moving average is $84.34. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $97.58. The firm has a market capitalization of $22.68 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 4.39 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last released its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company 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. As a group, equities analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal 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.