Aparna Bawa Sells 10,528 Shares of Zoom Communications (NASDAQ:ZM) Stock

Key Points

• Aparna Bawa, COO of Zoom Communications, sold 10,528 shares of the company's stock for a total value of approximately $839,818.56, significantly reducing her position by 84.18%.
• Zoom's most recent quarterly earnings report showed an EPS of $0.99, missing analysts' estimates of $1.38, but revenue increased by 4.7% year-over-year.
• Analysts maintain a consensus rating of "Hold" for Zoom's stock, with a target price averaging around $91.74.

Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) COO Aparna Bawa sold 10,528 shares of Zoom Communications stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $79.77, for a total value of $839,818.56. Following the sale, the chief operating officer directly owned 1,978 shares of the company's stock, valued at approximately $157,785.06. The trade was a 84.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Zoom Communications Price Performance

ZM traded up $1.90 during trading on Monday, reaching $81.91. 2,025,826 shares of the stock traded hands, compared to its average volume of 2,813,455. The stock has a market cap of $24.78 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 10.92 and a beta of 0.78. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $92.80. The stock's 50-day simple moving average is $80.54 and its two-hundred day simple moving average is $77.86.

Zoom Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.39). The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. Zoom Communications's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 EPS. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Research analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zoom Communications

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new position in Zoom Communications during the first quarter valued at about $25,000. SouthState Corp bought a new position in Zoom Communications during the first quarter valued at about $25,000. Elevation Point Wealth Partners LLC bought a new position in Zoom Communications during the second quarter valued at about $27,000. REAP Financial Group LLC increased its stake in Zoom Communications by 181.7% during the second quarter. REAP Financial Group LLC now owns 355 shares of the company's stock valued at $28,000 after acquiring an additional 229 shares during the period. Finally, GKV Capital Management Co. Inc. bought a new position in Zoom Communications during the first quarter valued at about $31,000. 66.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Cantor Fitzgerald restated a "neutral" rating and set a $87.00 target price on shares of Zoom Communications in a report on Thursday, September 18th. Mizuho raised their target price on Zoom Communications from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Tuesday, August 26th. William Blair restated an "outperform" rating on shares of Zoom Communications in a report on Tuesday, September 30th. JMP Securities restated a "market perform" rating on shares of Zoom Communications in a report on Thursday, September 18th. Finally, Zacks Research upgraded Zoom Communications from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Zoom Communications has a consensus rating of "Hold" and a consensus target price of $91.74.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.

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