Aberdeen Group plc Acquires 11,677 Shares of Zoom Communications, Inc. $ZM

Aberdeen Group plc boosted its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 241,603 shares of the company's stock after purchasing an additional 11,677 shares during the period. Aberdeen Group plc owned about 0.08% of Zoom Communications worth $18,840,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Zoom Communications by 2.6% in the first quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company's stock valued at $1,829,249,000 after acquiring an additional 624,863 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Zoom Communications by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company's stock valued at $473,732,000 after purchasing an additional 36,210 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Zoom Communications by 63.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company's stock valued at $166,651,000 after purchasing an additional 830,393 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Zoom Communications by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,679,499 shares of the company's stock valued at $123,912,000 after purchasing an additional 16,819 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Zoom Communications by 119.5% in the first quarter. Victory Capital Management Inc. now owns 1,405,311 shares of the company's stock valued at $103,670,000 after purchasing an additional 765,092 shares in the last quarter. Institutional investors own 66.54% of the company's stock.

Insider Activity

In other news, Director Santiago Subotovsky sold 2,475 shares of the business's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $80.78, for a total transaction of $199,930.50. Following the completion of the sale, the director owned 152,644 shares in the company, valued at $12,330,582.32. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michelle Chang sold 33,956 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $82.00, for a total value of $2,784,392.00. Following the transaction, the chief financial officer owned 20,539 shares in the company, valued at approximately $1,684,198. This trade represents a 62.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,636 shares of company stock valued at $4,482,800 in the last 90 days. 10.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Mizuho raised their price target on shares of Zoom Communications from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Tuesday, August 26th. Dbs Bank raised shares of Zoom Communications to a "moderate buy" rating in a research report on Tuesday, September 16th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $110.00 price objective on shares of Zoom Communications in a research report on Thursday, September 18th. Zacks Research raised shares of Zoom Communications from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 18th. Finally, Wall Street Zen raised shares of Zoom Communications from a "buy" rating to a "strong-buy" rating in a research report on Sunday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $91.74.

Zoom Communications Price Performance

Shares of NASDAQ:ZM opened at $79.32 on Wednesday. The stock has a market capitalization of $24.00 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 10.80 and a beta of 0.78. The company's 50-day moving average price is $80.08 and its two-hundred day moving average price is $77.72. Zoom Communications, Inc. has a one year low of $64.41 and a one year high of $92.80.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $1.20 billion. Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.39 earnings per share. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. On average, analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Zoom Communications 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.