Callan Family Office LLC Makes New $277,000 Investment in Zoom Communications, Inc. $ZM

Callan Family Office LLC purchased a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,548 shares of the company's stock, valued at approximately $277,000.

Several other institutional investors also recently modified their holdings of ZM. Wayfinding Financial LLC acquired a new position in shares of Zoom Communications in the first quarter valued at approximately $25,000. SouthState Corp bought a new stake in Zoom Communications during the first quarter worth $25,000. REAP Financial Group LLC increased its holdings in shares of Zoom Communications by 181.7% in the second quarter. REAP Financial Group LLC now owns 355 shares of the company's stock valued at $28,000 after purchasing an additional 229 shares during the last quarter. GKV Capital Management Co. Inc. acquired a new position in shares of Zoom Communications in the first quarter valued at $31,000. Finally, Brooklyn Investment Group grew its stake in shares of Zoom Communications by 277.8% in the first quarter. Brooklyn Investment Group now owns 442 shares of the company's stock valued at $33,000 after acquiring an additional 325 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Zoom Communications Trading Up 0.4%

NASDAQ ZM opened at $79.83 on Friday. The company has a fifty day simple moving average of $80.37 and a 200 day simple moving average of $77.77. Zoom Communications, Inc. has a 12-month low of $64.41 and a 12-month high of $92.80. The company has a market cap of $24.15 billion, a P/E ratio of 21.06, a PEG ratio of 10.85 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.20 billion. Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.Zoom Communications's revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Sell-side analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Insider Activity

In other news, Director Herbert Raymond Mcmaster sold 2,000 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $83.00, for a total transaction of $166,000.00. Following the sale, the director directly owned 7,901 shares in the company, valued at $655,783. This represents a 20.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Santiago Subotovsky sold 2,475 shares of the company'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 transaction, the director owned 152,644 shares in the company, valued at approximately $12,330,582.32. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 88,328 shares of company stock valued at $7,170,074. 11.51% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ZM has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Zoom Communications from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 28th. Stifel Nicolaus raised their price objective on shares of Zoom Communications from $80.00 to $90.00 and gave the company a "hold" rating in a report on Thursday, September 18th. Weiss Ratings restated a "hold (c+)" rating on shares of Zoom Communications in a report on Tuesday. Cantor Fitzgerald restated a "neutral" rating and set a $87.00 price target on shares of Zoom Communications in a report on Thursday, September 18th. Finally, JMP Securities restated a "market perform" rating on shares of Zoom Communications in a report on Thursday, September 18th. Two investment 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 issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $91.74.

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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