NorthCrest Asset Manangement LLC Buys 9,183 Shares of Zoom Communications, Inc. $ZM

NorthCrest Asset Manangement LLC raised its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 55.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,889 shares of the company’s stock after buying an additional 9,183 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Zoom Communications were worth $2,240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Zoom Communications by 4.0% in the third quarter. Vanguard Group Inc. now owns 25,937,601 shares of the company’s stock worth $2,139,852,000 after acquiring an additional 986,164 shares during the period. AQR Capital Management LLC lifted its holdings in Zoom Communications by 23.4% in the third quarter. AQR Capital Management LLC now owns 8,477,057 shares of the company’s stock valued at $699,357,000 after acquiring an additional 1,607,253 shares during the period. State Street Corp lifted its holdings in Zoom Communications by 0.4% in the third quarter. State Street Corp now owns 7,219,148 shares of the company’s stock valued at $595,580,000 after acquiring an additional 29,647 shares during the period. Norges Bank purchased a new position in Zoom Communications in the second quarter worth about $539,998,000. Finally, Pacer Advisors Inc. boosted its position in Zoom Communications by 54.4% in the third quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock worth $222,353,000 after purchasing an additional 949,829 shares during the last quarter. 66.54% of the stock is owned by institutional investors.

Zoom Communications Stock Down 0.2%

NASDAQ ZM opened at $76.61 on Monday. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $97.58. The company has a market capitalization of $22.57 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 4.38 and a beta of 0.93. The stock’s 50-day moving average price is $84.43 and its 200-day moving average price is $84.36.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). The company 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 company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last 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. Research analysts anticipate that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ZM shares. BTIG Research reduced their price target on shares of Zoom Communications from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Jefferies Financial Group raised their price objective on shares of Zoom Communications from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, November 25th. 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 research report on Thursday, February 5th. Citigroup raised shares of Zoom Communications from a “neutral” rating to a “buy” rating and upped their target price for the company from $94.00 to $106.00 in a report on Monday, January 12th. Finally, Sanford C. Bernstein decreased their price target on shares of Zoom Communications from $90.00 to $88.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. Fourteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $95.32.

Insiders Place Their Bets

In other news, CEO Eric S. Yuan sold 47,369 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $83.65, for a total transaction of $3,962,416.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total transaction of $191,614.50. Following the transaction, the director owned 153,442 shares in the company, valued at approximately $11,879,479.64. This trade represents a 1.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 109,706 shares of company stock valued at $9,299,555. 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.