Boston Common Asset Management LLC Buys Shares of 25,063 Zoom Communications, Inc. $ZM

Boston Common Asset Management LLC purchased a new stake in shares of Zoom Communications, Inc. (NASDAQ:ZM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 25,063 shares of the company’s stock, valued at approximately $2,163,000.

Several other large investors have also modified their holdings of ZM. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Zoom Communications by 10.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,753 shares of the company’s stock valued at $19,697,000 after acquiring an additional 22,704 shares in the last quarter. Strive Asset Management LLC bought a new stake in shares of Zoom Communications in the 3rd quarter valued at about $1,238,000. LSV Asset Management raised its stake in shares of Zoom Communications by 5.0% during the 3rd quarter. LSV Asset Management now owns 1,069,440 shares of the company’s stock worth $88,229,000 after acquiring an additional 50,579 shares in the last quarter. Krilogy Financial LLC acquired a new stake in Zoom Communications in the third quarter valued at approximately $1,963,000. Finally, Shelton Capital Management lifted its holdings in shares of Zoom Communications by 519.3% during the 2nd quarter. Shelton Capital Management now owns 215,500 shares of the company’s stock valued at $16,805,000 after purchasing an additional 180,700 shares during the last quarter. Institutional investors own 66.54% of the company’s stock.

Zoom Communications Price Performance

NASDAQ:ZM opened at $78.68 on Tuesday. The company has a 50 day moving average price of $83.86 and a 200-day moving average price of $84.10. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $97.58. The firm has a market cap of $23.18 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 4.45 and a beta of 0.93.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Benchmark lowered their price target on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. BTIG Research dropped their price objective on shares of Zoom Communications from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Wall Street Zen cut Zoom Communications from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Zoom Communications in a report on Friday, March 13th. Finally, Piper Sandler increased their price objective on shares of Zoom Communications from $85.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday, January 5th. Fourteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $95.32.

Insider Buying and Selling

In other Zoom Communications news, insider Velchamy Sankarlingam sold 2,590 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $78.24, for a total transaction of $202,641.60. Following the completion of the transaction, the insider directly owned 137,044 shares in the company, valued at approximately $10,722,322.56. This represents a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of the company’s 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 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. The disclosure for this sale is available in the SEC filing. Insiders sold 109,706 shares of company stock valued at $9,299,555 in the last 90 days. Corporate insiders own 10.78% of the company’s stock.

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.