Nykredit A S Acquires Shares of 70,841 Zoom Communications, Inc. $ZM

Key Points

• Nykredit A S acquired 70,841 Zoom Communications shares in the second quarter, valued at approximately $6.1 million. Institutional investors collectively own 66.54% of the company.
• Zoom reported quarterly earnings of $1.55 per share, exceeding estimates of $1.48, while revenue reached $1.28 billion, up 4.9% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $113.62, despite recent insider selling and the stock trading at $90.90.

Nykredit A S acquired a new position in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 70,841 shares of the company's stock, valued at approximately $6,114,000.

Several other institutional investors also recently added to or reduced their stakes in ZM. Norges Bank acquired a new stake in Zoom Communications in the fourth quarter valued at approximately $509,788,000. Geode Capital Management LLC increased its stake in shares of Zoom Communications by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 5,139,583 shares of the company's stock worth $445,254,000 after acquiring an additional 152,862 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Zoom Communications by 7.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,637,903 shares of the company's stock valued at $400,205,000 after purchasing an additional 341,104 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Zoom Communications by 4.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,767,681 shares of the company's stock worth $238,823,000 after purchasing an additional 121,835 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Zoom Communications by 10.8% during the 1st quarter. Pacer Advisors Inc. now owns 2,595,840 shares of the company's stock valued at $208,680,000 after buying an additional 253,181 shares during the last quarter. Hedge funds and other institutional investors own 66.54% of the company's stock.

Zoom Communications Trading Up 2.4%

Shares of NASDAQ ZM opened at $90.90 on Tuesday. The stock has a market cap of $26.52 billion, a P/E ratio of 8.42, a P/E/G ratio of 4.13 and a beta of 1.04. Zoom Communications, Inc. has a twelve month low of $70.70 and a twelve month high of $114.74. The stock has a 50 day moving average of $97.29 and a two-hundred day moving average of $92.42.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.07. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%.The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the company earned $1.53 earnings per share. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. As a group, research analysts predict that Zoom Communications, Inc. will post 4.24 earnings per share for the current year.

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, CEO Eric Yuan sold 12,100 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $95.34, for a total value of $1,153,614.00. Following the completion of the sale, the chief executive officer owned 22,998 shares of the company's stock, valued at $2,192,629.32. This trade represents a 34.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Santiago Subotovsky sold 7,911 shares of Zoom Communications stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $101.33, for a total transaction of $801,621.63. Following the completion of the transaction, the director directly owned 127,060 shares of the company's stock, valued at approximately $12,874,989.80. This represents a 5.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 56,108 shares of company stock worth $5,381,876. 8.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ZM shares. Sanford C. Bernstein reiterated a "market perform" rating and set a $108.00 target price on shares of Zoom Communications in a research report on Wednesday, August 26th. Needham & Company LLC restated a "buy" rating and set a $130.00 price target on shares of Zoom Communications in a research report on Wednesday, August 26th. Morgan Stanley boosted their price target on shares of Zoom Communications from $105.00 to $107.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 26th. Bank of America initiated coverage on Zoom Communications in a research report on Wednesday, August 19th. They issued a "buy" rating and a $130.00 price objective for the company. Finally, HSBC lifted their target price on Zoom Communications from $107.00 to $133.00 and gave the company a "buy" rating in a research report on Tuesday, June 2nd. Fifteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $113.62.

About Zoom Communications

Zoom Communications, Inc NASDAQ: ZM is a communications technology company that provides cloud-based tools for video meetings, collaboration and business communications. The company was founded in 2011 by Eric Yuan and is headquartered in San Jose, California. It was previously known as Zoom Video Communications before adopting the Zoom Communications name.

Its product portfolio includes Zoom Meetings for video conferencing, Zoom Phone for cloud-based business telephony, Zoom Team Chat for workplace messaging, and Zoom Rooms for conference-room collaboration.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.