Zoom Communications, Inc. $ZM Shares Bought by Blair William & Co. IL

Blair William & Co. IL lifted its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM) by 12.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,018 shares of the company’s stock after purchasing an additional 12,588 shares during the quarter. Blair William & Co. IL’s holdings in Zoom Communications were worth $9,324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ZM. Elevation Point Wealth Partners LLC purchased a new position in shares of Zoom Communications during the 2nd quarter worth about $27,000. Root Financial Partners LLC purchased a new stake in Zoom Communications in the third quarter valued at approximately $33,000. Quent Capital LLC purchased a new stake in Zoom Communications in the third quarter valued at approximately $34,000. Cloud Capital Management LLC acquired a new position in Zoom Communications during the third quarter worth approximately $42,000. Finally, SJS Investment Consulting Inc. increased its position in Zoom Communications by 2,957.9% during the third quarter. SJS Investment Consulting Inc. now owns 581 shares of the company’s stock worth $48,000 after purchasing an additional 562 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Insider Buying and Selling

In other news, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $77.42, for a total value of $191,614.50. Following the completion of the sale, the director owned 153,442 shares in the company, valued at approximately $11,879,479.64. This trade represents a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Velchamy Sankarlingam sold 7,568 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $86.55, for a total value of $655,010.40. Following the sale, the insider owned 136,182 shares in the company, valued at approximately $11,786,552.10. The trade was a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 183,089 shares of company stock valued at $15,730,024. 10.78% of the stock is owned by insiders.

Zoom Communications Trading Down 0.6%

Shares of ZM stock opened at $77.06 on Tuesday. The company’s fifty day simple moving average is $86.22 and its 200-day simple moving average is $84.72. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $97.58. The company has a market cap of $22.82 billion, a PE ratio of 12.43, a P/E/G ratio of 4.42 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.04). Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company posted $1.41 earnings per share. 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. Equities research analysts expect that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $95.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. Rosenblatt Securities restated a “buy” rating and set a $115.00 price objective on shares of Zoom Communications in a report on Thursday, February 26th. Citizens Jmp reaffirmed a “market perform” rating on shares of Zoom Communications in a research report on Tuesday, February 24th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Zoom Communications in a report on Tuesday, November 25th. Finally, Morgan Stanley boosted their price target on Zoom Communications from $85.00 to $92.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Fourteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Zoom Communications currently has an average rating of “Hold” and a consensus target price of $95.32.

Zoom Communications 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.