Velchamy Sankarlingam Sells 7,645 Shares of Zoom Communications (NASDAQ:ZM) Stock

Zoom Communications, Inc. (NASDAQ:ZMGet Free Report) insider Velchamy Sankarlingam sold 7,645 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $85.44, for a total value of $653,188.80. Following the completion of the sale, the insider directly owned 141,971 shares in the company, valued at approximately $12,130,002.24. This trade represents a 5.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Velchamy Sankarlingam also recently made the following trade(s):

  • On Tuesday, March 10th, Velchamy Sankarlingam sold 2,590 shares of Zoom Communications stock. The stock was sold at an average price of $78.24, for a total value of $202,641.60.

Zoom Communications Trading Up 1.5%

Shares of NASDAQ ZM opened at $88.02 on Friday. The company has a market cap of $25.94 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 4.96 and a beta of 0.88. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $97.58. The stock’s 50 day simple moving average is $82.07 and its 200 day simple moving average is $84.02.

Zoom Communications (NASDAQ:ZMGet Free Report) last announced its quarterly 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). The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. 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 forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Advocate Investing Services LLC bought a new position in shares of Zoom Communications in the fourth quarter worth $26,000. Strive Financial Group LLC bought a new position in shares of Zoom Communications in the fourth quarter worth $27,000. Toth Financial Advisory Corp acquired a new position in shares of Zoom Communications during the 4th quarter valued at $28,000. Root Financial Partners LLC acquired a new position in shares of Zoom Communications during the 3rd quarter valued at $33,000. Finally, Sound Income Strategies LLC increased its position in shares of Zoom Communications by 94.8% during the 4th quarter. Sound Income Strategies LLC now owns 411 shares of the company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Institutional investors own 66.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZM. Piper Sandler raised their price target on Zoom Communications from $85.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. KeyCorp boosted their price objective on Zoom Communications from $69.00 to $74.00 and gave the stock an “underweight” rating in a research report on Thursday, February 26th. Sanford C. Bernstein decreased their price objective on Zoom Communications from $90.00 to $88.00 and set a “market perform” rating for the company in a report on Thursday, February 26th. Benchmark lowered their target price on Zoom Communications from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Finally, BTIG Research cut their target price on Zoom Communications from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Fourteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $95.32.

Get Our Latest Report on ZM

Trending Headlines about Zoom Communications

Here are the key news stories impacting Zoom Communications this week:

Zoom Communications Company Profile

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for Zoom Communications (NASDAQ:ZM)

Receive News & Ratings for Zoom Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zoom Communications and related companies with MarketBeat.com's FREE daily email newsletter.