Caprock Group LLC Takes $1.13 Million Position in Zoom Communications, Inc. $ZM

Caprock Group LLC purchased a new position in Zoom Communications, Inc. (NASDAQ:ZM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,899 shares of the company’s stock, valued at approximately $1,132,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Zoom Communications in the 2nd quarter worth about $539,998,000. Acadian Asset Management LLC grew its holdings in Zoom Communications by 41.1% during the 2nd quarter. Acadian Asset Management LLC now owns 3,769,480 shares of the company’s stock valued at $293,909,000 after purchasing an additional 1,097,333 shares during the last quarter. Pacer Advisors Inc. raised its position in Zoom Communications by 54.4% in the 3rd quarter. Pacer Advisors Inc. now owns 2,695,193 shares of the company’s stock worth $222,353,000 after purchasing an additional 949,829 shares during the period. Wedge Capital Management L L P NC bought a new stake in Zoom Communications in the third quarter worth about $63,357,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Zoom Communications by 168.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,025,274 shares of the company’s stock valued at $84,585,000 after buying an additional 643,074 shares during the period. 66.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Zoom Communications in a report on Monday, December 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of Zoom Communications in a research report on Tuesday, November 25th. Needham & Company LLC restated a “buy” rating and issued a $100.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. Rosenblatt Securities reissued a “buy” rating and issued a $115.00 price objective on shares of Zoom Communications in a research report on Tuesday, November 25th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $87.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.74.

Insider Activity

In related news, CFO Michelle Chang sold 8,417 shares of the firm’s 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 completion of the transaction, the chief financial officer owned 25,482 shares in the company, valued at $2,205,212.28. This trade represents a 24.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Eric S. Yuan sold 12,100 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $93.01, for a total value of $1,125,421.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 256,467 shares of company stock valued at $21,821,945. 11.51% of the stock is owned by corporate insiders.

Zoom Communications Stock Performance

Shares of NASDAQ ZM opened at $92.60 on Friday. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $97.58. The company has a market cap of $27.42 billion, a PE ratio of 18.02, a P/E/G ratio of 8.29 and a beta of 0.90. The business has a 50-day simple moving average of $88.13 and a two-hundred day simple moving average of $83.49.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings data on Monday, November 24th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.44 by $0.08. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. Zoom Communications’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $1.38 EPS. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS and its Q4 2026 guidance at 1.480-1.490 EPS. On average, sell-side analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

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.