Allspring Global Investments Holdings LLC Sells 20,647 Shares of Zoom Communications, Inc. $ZM

Key Points

• Allspring Global Investments trimmed its stake in Zoom by 19.1%, selling 20,647 shares to leave 87,640 shares valued at about $7.30 million.
• Analyst consensus is a "Hold" with a $95.32 average price target (14 Buys, 13 Holds, 1 Sell), though several firms have recently raised or lowered their targets and ratings.
• Insiders have been net sellers, disposing of 107,231 shares worth roughly $9.09 million over the last three months, with company insiders still holding 11.51% of the stock.

Allspring Global Investments Holdings LLC trimmed its position in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,640 shares of the company's stock after selling 20,647 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Zoom Communications were worth $7,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Wynn Capital LLC raised its holdings in shares of Zoom Communications by 1.3% in the 3rd quarter. Wynn Capital LLC now owns 10,429 shares of the company's stock valued at $860,000 after purchasing an additional 130 shares during the period. MAI Capital Management raised its holdings in shares of Zoom Communications by 34.7% in the 3rd quarter. MAI Capital Management now owns 579 shares of the company's stock valued at $48,000 after purchasing an additional 149 shares during the period. Harrington Investments INC raised its holdings in shares of Zoom Communications by 1.1% in the 4th quarter. Harrington Investments INC now owns 16,174 shares of the company's stock valued at $1,396,000 after purchasing an additional 169 shares during the period. Brookstone Capital Management raised its holdings in shares of Zoom Communications by 2.2% in the 4th quarter. Brookstone Capital Management now owns 8,024 shares of the company's stock valued at $692,000 after purchasing an additional 170 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Zoom Communications by 0.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 24,395 shares of the company's stock valued at $1,902,000 after purchasing an additional 181 shares during the period. 66.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ZM shares. Wolfe Research raised shares of Zoom Communications from a "peer perform" rating to an "outperform" rating and set a $115.00 target price on the stock in a report on Thursday, February 5th. Sanford C. Bernstein decreased their price target on shares of Zoom Communications from $90.00 to $88.00 and set a "market perform" rating on the stock in a research note on Thursday, February 26th. KeyCorp upped their price target on shares of Zoom Communications from $69.00 to $74.00 and gave the company an "underweight" rating in a research note on Thursday, February 26th. Benchmark decreased their price target on shares of Zoom Communications from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, February 24th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Zoom Communications in a research note on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $95.32.

Zoom Communications Stock Up 0.4%

Shares of NASDAQ:ZM opened at $82.68 on Tuesday. The company's 50 day moving average price is $83.46 and its two-hundred day moving average price is $83.97. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $97.58. The firm has a market cap of $24.36 billion, a PE ratio of 13.34, a PEG ratio of 4.71 and a beta of 0.88.

Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.04). The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The business's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.41 EPS. 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. On average, research analysts expect that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Insider Buying and Selling at Zoom Communications

In related news, Director Santiago Subotovsky sold 2,475 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total transaction of $191,614.50. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Aparna Bawa sold 12,137 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $81.37, for a total transaction of $987,587.69. Following the sale, the chief operating officer owned 1,978 shares in the company, valued at $160,949.86. This represents a 85.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 107,231 shares of company stock worth $9,086,680 in the last three months. Company insiders own 11.51% of the company's stock.

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.

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