Zoom Communications, Inc. $ZM Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 972,483 shares of the company’s stock after selling 52,791 shares during the quarter. Assenagon Asset Management S.A. owned 0.33% of Zoom Communications worth $83,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In related 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 transaction of $987,587.69. Following the completion of the transaction, the chief operating officer directly 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 document filed with the SEC, which is available at this hyperlink. Also, insider Velchamy Sankarlingam sold 7,568 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $86.55, for a total transaction of $655,010.40. Following the completion of the sale, the insider directly owned 136,182 shares in the company, valued at approximately $11,786,552.10. The trade was a 5.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 109,706 shares of company stock valued at $9,299,555 over the last quarter. Insiders own 10.78% of the company’s stock.

Zoom Communications Stock Down 2.5%

Shares of NASDAQ ZM opened at $75.98 on Wednesday. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $97.58. The business’s 50 day moving average price is $84.11 and its 200 day moving average price is $84.28. The firm has a market cap of $22.39 billion, a P/E ratio of 12.25, a P/E/G ratio of 4.46 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last posted its quarterly earnings results 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 business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business 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, research analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on ZM shares. Sanford C. Bernstein dropped their target price 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. Morgan Stanley raised their price target on shares of Zoom Communications from $85.00 to $92.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Zoom Communications in a research note on Friday, March 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Zoom Communications in a report on Monday, December 29th. Finally, 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. Fourteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $95.32.

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.