Atlas Capital Advisors Inc. Has $437,000 Stock Holdings in Zoom Communications, Inc. (NASDAQ:ZM)

Key Points

• Atlas Capital Advisors Inc. reduced its position in Zoom Communications by 47.1% in Q1, holding 5,925 shares worth $437,000 after selling 5,273 shares during the quarter.
• Insider transactions included COO Aparna Bawa selling 10,528 shares, and Director Herbert Raymond McMaster selling 500 shares, reflecting a substantial decrease in their ownership stakes.
• Zoom Communications recently reported $1.43 earnings per share, exceeding expectations, and had a market cap of $21.65 billion, with a price-to-earnings ratio of 21.49.

Atlas Capital Advisors Inc. decreased its position in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 47.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,925 shares of the company's stock after selling 5,273 shares during the quarter. Atlas Capital Advisors Inc.'s holdings in Zoom Communications were worth $437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wayfinding Financial LLC acquired a new stake in shares of Zoom Communications during the 1st quarter valued at about $25,000. Raiffeisen Bank International AG acquired a new stake in shares of Zoom Communications during the 4th quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Zoom Communications by 177.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company's stock valued at $28,000 after acquiring an additional 246 shares during the period. Colonial Trust Co SC acquired a new stake in shares of Zoom Communications during the 4th quarter valued at about $32,000. Finally, Cloud Capital Management LLC acquired a new stake in shares of Zoom Communications during the 1st quarter valued at about $42,000. 66.54% of the stock is owned by institutional investors and hedge funds.

Zoom Communications Trading Up 0.3%

ZM stock traded up $0.19 during trading on Tuesday, reaching $69.96. The stock had a trading volume of 3,089,019 shares, compared to its average volume of 3,084,080. The company has a market capitalization of $21.17 billion, a P/E ratio of 21.01, a PEG ratio of 18.26 and a beta of 0.68. The firm has a fifty day moving average price of $76.16 and a 200 day moving average price of $77.39. Zoom Communications, Inc. has a 1-year low of $55.28 and a 1-year high of $92.80.

Zoom Communications (NASDAQ:ZM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.13. Zoom Communications had a net margin of 22.31% and a return on equity of 11.08%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ZM shares. Morgan Stanley boosted their target price on Zoom Communications from $79.00 to $85.00 and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Scotiabank boosted their target price on Zoom Communications from $75.00 to $85.00 and gave the stock a "sector perform" rating in a report on Friday, May 16th. JMP Securities reaffirmed a "market perform" rating on shares of Zoom Communications in a research report on Thursday, May 22nd. Piper Sandler lifted their price target on shares of Zoom Communications from $77.00 to $85.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. Finally, Citigroup reduced their price target on shares of Zoom Communications from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $87.00.

Insider Transactions at Zoom Communications

In other news, CEO Eric S. Yuan sold 33,691 shares of the company's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $74.79, for a total value of $2,519,749.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Chadwick sold 25,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $74.86, for a total transaction of $1,871,500.00. Following the sale, the director directly owned 5,875 shares of the company's stock, valued at approximately $439,802.50. This represents a 80.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,542 shares of company stock worth $6,609,623 in the last quarter. 10.78% of the stock is currently owned by corporate insiders.

About Zoom Communications

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.