Banque Pictet & Cie SA Invests $11.86 Million in Zoom Communications, Inc. $ZM

Banque Pictet & Cie SA bought a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 137,470 shares of the company’s stock, valued at approximately $11,862,000.

Several other institutional investors have also bought and sold shares of ZM. Elevation Point Wealth Partners LLC acquired a new position in Zoom Communications during the second quarter worth $27,000. Root Financial Partners LLC bought a new stake in shares of Zoom Communications in the 3rd quarter worth about $33,000. Quent Capital LLC acquired a new stake in shares of Zoom Communications during the 3rd quarter worth about $34,000. Cloud Capital Management LLC acquired a new stake in shares of Zoom Communications during the 3rd quarter worth about $42,000. Finally, MAI Capital Management lifted its holdings in Zoom Communications by 34.7% during 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. Institutional investors and hedge funds own 66.54% of the company’s stock.

Zoom Communications Stock Up 0.4%

Shares of NASDAQ:ZM opened at $80.70 on Thursday. Zoom Communications, Inc. has a 12 month low of $64.41 and a 12 month high of $97.58. The company’s 50-day moving average price is $83.83 and its two-hundred day moving average price is $84.05. The firm has a market cap of $23.78 billion, a P/E ratio of 13.02, a P/E/G ratio of 4.60 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). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business posted $1.41 EPS. The company’s 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. As a group, equities analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zoom Communications news, CFO Michelle Chang sold 8,417 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $86.54, for a total value of $728,407.18. Following the transaction, the chief financial officer directly owned 25,482 shares in the company, valued at approximately $2,205,212.28. This trade represents a 24.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 value of $191,614.50. Following the completion of the sale, the director directly owned 153,442 shares of the company’s stock, valued at $11,879,479.64. This trade represents a 1.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 109,706 shares of company stock valued at $9,299,555 over the last quarter. Company insiders own 11.51% of the company’s stock.

Analyst Upgrades and Downgrades

ZM has been the topic of a number of recent analyst reports. Sanford C. Bernstein reduced 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. Wall Street Zen lowered shares of Zoom Communications from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Citizens Jmp reiterated a “market perform” rating on shares of Zoom Communications in a research note on Tuesday, February 24th. Citigroup raised Zoom Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $94.00 to $106.00 in a report on Monday, January 12th. Finally, Argus upgraded Zoom Communications to a “hold” rating in a research report on Monday, March 9th. Fourteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $95.32.

Zoom Communications Company 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.