Nykredit A S Invests $6.65 Million in Zoom Communications, Inc. $ZM

Key Points

• Nykredit A/S acquired 77,009 Zoom shares worth approximately $6.65 million during the second quarter. Institutional investors and hedge funds collectively own 66.54% of Zoom’s stock.
• Zoom reported quarterly EPS of $1.55, beating estimates of $1.48, while revenue rose 4.9% year over year to $1.28 billion. Shares recently traded at $101.33, within a 52-week range of $70.70 to $114.74.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $112.55, although insiders sold $4.88 million of stock over the past three months.

Nykredit A S purchased a new position in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 77,009 shares of the company's stock, valued at approximately $6,647,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advocate Investing Services LLC acquired a new stake in shares of Zoom Communications in the fourth quarter valued at $26,000. Strive Financial Group LLC bought a new position in shares of Zoom Communications in the fourth quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in Zoom Communications by 133.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company's stock worth $30,000 after buying an additional 200 shares in the last quarter. Rexford Capital Inc. lifted its position in Zoom Communications by 45.7% during the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company's stock worth $31,000 after buying an additional 122 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its holdings in Zoom Communications by 83.3% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company's stock worth $38,000 after acquiring an additional 200 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

Zoom Communications Stock Performance

Shares of NASDAQ:ZM opened at $101.33 on Monday. Zoom Communications, Inc. has a 1-year low of $70.70 and a 1-year high of $114.74. The stock has a market capitalization of $29.57 billion, a P/E ratio of 9.38, a P/E/G ratio of 4.69 and a beta of 1.04. The business has a 50-day moving average price of $95.88 and a two-hundred day moving average price of $91.57.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its earnings results on Tuesday, August 25th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.07. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The company's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.53 EPS. 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, equities analysts predict that Zoom Communications, Inc. will post 4.26 EPS for the current year.

Insider Buying and Selling at Zoom Communications

In other news, insider Velchamy Sankarlingam sold 7,644 shares of the stock in a transaction on Wednesday, July 15th. The stock was sold at an average price of $91.98, for a total value of $703,095.12. Following the transaction, the insider owned 148,403 shares of the company's stock, valued at $13,650,107.94. This represents a 4.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Eric Yuan sold 12,100 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $95.34, for a total value of $1,153,614.00. Following the completion of the transaction, the chief executive officer owned 22,998 shares in the company, valued at $2,192,629.32. This represents a 34.47% decrease in their ownership of the stock. 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. Insiders sold a total of 50,881 shares of company stock valued at $4,878,914 in the last three months. Insiders own 8.83% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $130.00 price objective on shares of Zoom Communications in a research report on Wednesday, August 26th. HSBC upped their target price on shares of Zoom Communications from $107.00 to $133.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. Mizuho increased their price target on shares of Zoom Communications from $100.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, May 22nd. Bank of America assumed coverage on shares of Zoom Communications in a report on Wednesday, August 19th. They issued a "buy" rating and a $130.00 price target for the company. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $104.00 price objective on shares of Zoom Communications in a research report on Monday, August 24th. Sixteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, Zoom Communications currently has an average rating of "Moderate Buy" and a consensus target price of $112.55.

Zoom Communications 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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