Assenagon Asset Management S.A. Boosts Stock Holdings in Zoom Communications, Inc. $ZM

Assenagon Asset Management S.A. lifted its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 36.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 608,591 shares of the company's stock after buying an additional 161,030 shares during the quarter. Assenagon Asset Management S.A. owned about 0.21% of Zoom Communications worth $52,527,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Advocate Investing Services LLC bought a new position in Zoom Communications in the 4th quarter worth about $26,000. Strive Financial Group LLC purchased a new stake in shares of Zoom Communications during the fourth quarter valued at approximately $27,000. Rexford Capital Inc. raised its stake in shares of Zoom Communications by 45.7% during the first quarter. Rexford Capital Inc. now owns 389 shares of the company's stock valued at $31,000 after acquiring an additional 122 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Zoom Communications by 94.8% during the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company's stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in Zoom Communications by 83.3% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company's stock valued at $38,000 after purchasing an additional 200 shares during the period. 66.54% of the stock is owned by institutional investors.

Insider Activity

In other Zoom Communications news, CEO Eric S. Yuan sold 12,100 shares of Zoom Communications stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $100.17, for a total value of $1,212,057.00. Following the completion of the sale, the chief executive officer owned 22,998 shares of the company's stock, valued at approximately $2,303,709.66. The trade was a 34.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the company's stock in a transaction on Friday, July 10th. The shares were sold at an average price of $90.80, for a total value of $770,801.20. Following the sale, the chief financial officer owned 35,452 shares of the company's stock, valued at approximately $3,219,041.60. This trade represents a 19.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 48,511 shares of company stock valued at $4,951,666 over the last ninety days. 8.83% of the stock is currently owned by corporate insiders.

Zoom Communications Stock Performance

NASDAQ:ZM opened at $104.50 on Friday. The firm has a market cap of $30.64 billion, a P/E ratio of 15.35, a P/E/G ratio of 5.60 and a beta of 1.00. Zoom Communications, Inc. has a fifty-two week low of $69.15 and a fifty-two week high of $114.74. The firm has a 50-day simple moving average of $92.59 and a two-hundred day simple moving average of $89.86.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.13. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The business's revenue was up 5.5% on a year-over-year basis. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. On average, equities research analysts predict that Zoom Communications, Inc. will post 4.21 EPS for the current year.

Analysts Set New Price Targets

ZM has been the subject of several research analyst reports. Piper Sandler raised their target price on shares of Zoom Communications from $91.00 to $107.00 and gave the stock a "neutral" rating in a research report on Friday, May 22nd. Citizens Jmp reiterated a "market perform" rating on shares of Zoom Communications in a report on Wednesday, May 20th. HSBC increased their price target on shares of Zoom Communications from $107.00 to $133.00 and gave the stock a "buy" rating in a research note on Tuesday, June 2nd. Needham & Company LLC reiterated a "buy" rating and set a $130.00 target price on shares of Zoom Communications in a report on Thursday, July 2nd. Finally, Citigroup boosted their price target on Zoom Communications from $122.00 to $126.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, Zoom Communications presently has an average rating of "Moderate Buy" and a consensus price target of $109.33.

Zoom Communications Company 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.

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