Zoom Communications (NASDAQ:ZM) CFO Michelle Chang Sells 8,489 Shares of Stock

Zoom Communications, Inc. (NASDAQ:ZM) CFO Michelle Chang sold 8,489 shares of Zoom Communications stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $81.32, for a total value of $690,325.48. Following the completion of the transaction, the chief financial officer directly owned 30,467 shares in the company, valued at $2,477,576.44. This trade represents a 21.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Zoom Communications Stock Performance

Shares of ZM stock opened at $82.80 on Tuesday. The company has a market capitalization of $24.40 billion, a P/E ratio of 13.35, a PEG ratio of 4.53 and a beta of 0.88. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $97.58. The stock has a 50 day moving average price of $82.36 and a two-hundred day moving average price of $83.94.

Zoom Communications (NASDAQ:ZM) last issued its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business posted $1.41 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. 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 year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 price objective on shares of Zoom Communications in a research note on Thursday, February 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Zoom Communications in a research note on Monday, December 29th. Wolfe Research upgraded Zoom Communications from a “peer perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Thursday, February 5th. Wall Street Zen lowered Zoom Communications from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Benchmark dropped their price objective on Zoom Communications from $115.00 to $110.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Fourteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $95.32.

Institutional Investors Weigh In On Zoom Communications

A number of large investors have recently modified their holdings of ZM. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Zoom Communications by 10.5% in 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 purchasing an additional 22,704 shares during the period. Strive Asset Management LLC purchased a new stake in Zoom Communications in the third quarter worth $1,238,000. LSV Asset Management raised its holdings in Zoom Communications by 5.0% in the third quarter. LSV Asset Management now owns 1,069,440 shares of the company’s stock worth $88,229,000 after purchasing an additional 50,579 shares in the last quarter. Krilogy Financial LLC bought a new position in Zoom Communications in the third quarter worth $1,963,000. Finally, Boston Common Asset Management LLC purchased a new position in Zoom Communications during the fourth quarter valued at $2,163,000. Institutional investors own 66.54% of the company’s stock.

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.