Forum Financial Management LP Raises Stake in Zoom Communications, Inc. $ZM

Key Points

• Forum Financial Management LP increased its stake in Zoom Communications by 73% during the 2nd quarter, now holding a total of 7,371 shares valued at approximately $575,000.
• Zoom recently reported a quarterly EPS of $0.99, falling short of the consensus estimate of $1.38, while revenue of $1.22 billion exceeded expectations.
• Major institutional investors, including Robeco and Victory Capital, significantly increased their stakes in Zoom, contributing to a total of 66.54% of the stock being held by hedge funds and other institutional investors.

Forum Financial Management LP grew its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 73.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,371 shares of the company's stock after purchasing an additional 3,111 shares during the period. Forum Financial Management LP's holdings in Zoom Communications were worth $575,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ZM. Robeco Institutional Asset Management B.V. raised its stake in shares of Zoom Communications by 63.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company's stock worth $166,651,000 after buying an additional 830,393 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Zoom Communications by 119.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,405,311 shares of the company's stock worth $103,670,000 after buying an additional 765,092 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Zoom Communications by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company's stock worth $1,829,249,000 after buying an additional 624,863 shares during the last quarter. Nuveen LLC acquired a new position in shares of Zoom Communications during the 1st quarter worth $37,646,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Zoom Communications during the 2nd quarter worth $38,163,000. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Zoom Communications Trading Up 1.8%

Shares of ZM stock opened at $84.28 on Friday. The firm has a 50-day moving average price of $81.69 and a 200 day moving average price of $78.25. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $92.80. The company has a market capitalization of $25.50 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 11.30 and a beta of 0.78.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $100.00 price target on shares of Zoom Communications in a research note on Thursday, September 18th. JMP Securities reaffirmed a "market perform" rating on shares of Zoom Communications in a research note on Thursday, September 18th. Morgan Stanley assumed coverage on Zoom Communications in a research note on Tuesday. They set an "equal weight" rating and a $85.00 price target for the company. Citigroup boosted their target price on shares of Zoom Communications from $84.00 to $85.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Finally, Wall Street Zen raised shares of Zoom Communications from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Zoom Communications has an average rating of "Hold" and an average price target of $91.74.

Insider Buying and Selling

In other Zoom Communications news, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $80.78, for a total value of $199,930.50. Following the completion of the sale, the director owned 152,644 shares in the company, valued at $12,330,582.32. The trade was a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Aparna Bawa sold 10,528 shares of Zoom Communications stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $79.77, for a total value of $839,818.56. Following the completion of the sale, the chief operating officer owned 1,978 shares of the company's stock, valued at $157,785.06. This trade represents a 84.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 245,617 shares of company stock worth $20,154,365 over the last ninety days. Insiders own 11.51% of the company's stock.

Zoom Communications Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.