Allspring Global Investments Holdings LLC Sells 126,230 Shares of Zoom Communications, Inc. $ZM

Allspring Global Investments Holdings LLC lessened its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 58.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,799 shares of the company's stock after selling 126,230 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Zoom Communications were worth $6,888,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZM. Yousif Capital Management LLC raised its position in Zoom Communications by 31.9% during the first quarter. Yousif Capital Management LLC now owns 4,453 shares of the company's stock valued at $328,000 after acquiring an additional 1,076 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Zoom Communications by 22.1% during the first quarter. Janney Montgomery Scott LLC now owns 22,706 shares of the company's stock valued at $1,675,000 after acquiring an additional 4,106 shares in the last quarter. Blue Trust Inc. raised its position in shares of Zoom Communications by 19.8% in the first quarter. Blue Trust Inc. now owns 1,059 shares of the company's stock valued at $78,000 after purchasing an additional 175 shares during the period. Praxis Investment Management Inc. raised its position in shares of Zoom Communications by 21.2% in the first quarter. Praxis Investment Management Inc. now owns 5,140 shares of the company's stock valued at $379,000 after purchasing an additional 900 shares during the period. Finally, Kentucky Retirement Systems bought a new position in shares of Zoom Communications in the first quarter valued at approximately $1,328,000. Institutional investors own 66.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ZM. Robert W. Baird dropped their price target on shares of Zoom Communications from $100.00 to $95.00 and set an "outperform" rating on the stock in a research report on Friday, August 22nd. Wedbush reissued an "outperform" rating and issued a $95.00 price target on shares of Zoom Communications in a research report on Friday, August 22nd. Piper Sandler reissued a "neutral" rating and issued a $85.00 price target on shares of Zoom Communications in a research report on Friday, August 22nd. Dbs Bank raised shares of Zoom Communications to a "moderate buy" rating in a research report on Tuesday, September 16th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $100.00 price target on shares of Zoom Communications in a research report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Zoom Communications currently has an average rating of "Hold" and a consensus price target of $91.74.

Zoom Communications Trading Up 0.2%

Shares of Zoom Communications stock opened at $80.01 on Monday. The company's fifty day simple moving average is $80.54 and its 200-day simple moving average is $77.86. The company has a market cap of $24.21 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 10.92 and a beta of 0.78. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $92.80.

Zoom Communications (NASDAQ:ZM - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.39). The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The company's revenue was up 4.7% on a year-over-year basis. During the same quarter 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. As a group, research analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, Director Santiago Subotovsky sold 2,475 shares of the business's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $80.78, for a total value of $199,930.50. Following the sale, the director owned 152,644 shares of the company's stock, valued at $12,330,582.32. The trade was a 1.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Velchamy Sankarlingam sold 7,660 shares of the business's stock in a transaction on Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $628,120.00. Following the completion of the sale, the insider directly owned 132,795 shares in the company, valued at $10,889,190. This trade represents a 5.45% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,328 shares of company stock worth $7,170,074. 10.78% of the stock is currently owned by company insiders.

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.

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