Odyssean LLC Invests $2.02 Million in Zoom Communications, Inc. $ZM

Key Points

• Odyssean LLC acquired 23,385 Zoom shares worth approximately $2.02 million during the second quarter. Institutional investors collectively own 66.54% of Zoom’s outstanding stock.
• Analysts maintain a positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $112.55. Several firms recently raised their targets, including HSBC to $133 and Mizuho to $120.
• Zoom reported quarterly adjusted EPS of $1.55, exceeding estimates of $1.48, while revenue rose 4.9% year over year to $1.28 billion. Shares opened at $101.33, up 3.3%, with a market capitalization of approximately $29.71 billion.

Odyssean LLC bought 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 Securities and Exchange Commission (SEC). The firm bought 23,385 shares of the company's stock, valued at approximately $2,018,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its stake in Zoom Communications by 2.0% in the 4th quarter. Kestra Advisory Services LLC now owns 5,928 shares of the company's stock worth $512,000 after purchasing an additional 116 shares during the period. 3Chopt Investment Partners LLC grew its holdings in Zoom Communications by 1.6% during the 1st quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company's stock valued at $592,000 after buying an additional 119 shares in the last quarter. Rexford Capital Inc. raised its position in shares of Zoom Communications by 45.7% during the first quarter. Rexford Capital Inc. now owns 389 shares of the company's stock valued at $31,000 after buying an additional 122 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Zoom Communications by 0.5% during the fourth quarter. New York State Teachers Retirement System now owns 24,263 shares of the company's stock valued at $2,094,000 after buying an additional 123 shares during the last quarter. Finally, Root Financial Partners LLC lifted its holdings in shares of Zoom Communications by 33.5% in the fourth quarter. Root Financial Partners LLC now owns 542 shares of the company's stock worth $47,000 after buying an additional 136 shares in the last quarter. Institutional investors own 66.54% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ZM. Jefferies Financial Group dropped their target price on shares of Zoom Communications from $118.00 to $116.00 and set a "buy" rating for the company in a research report on Wednesday, August 26th. Morgan Stanley lifted their price target on shares of Zoom Communications from $105.00 to $107.00 and gave the company an "equal weight" rating in a report on Wednesday, August 26th. HSBC increased their price objective on shares of Zoom Communications from $107.00 to $133.00 and gave the company a "buy" rating in a report on Tuesday, June 2nd. Benchmark raised their price objective on Zoom Communications from $115.00 to $121.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Finally, Mizuho lifted their target price on Zoom Communications from $100.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 22nd. Sixteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $112.55.

Zoom Communications Trading Up 3.3%

Shares of NASDAQ ZM opened at $101.33 on Friday. Zoom Communications, Inc. has a 12-month low of $70.70 and a 12-month high of $114.74. The firm's 50-day moving average price is $95.88 and its 200-day moving average price is $91.58. The stock has a market capitalization of $29.71 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 4.54 and a beta of 1.04.

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

Insider Buying and Selling

In other news, insider Velchamy Sankarlingam sold 7,644 shares of the business's stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $91.98, for a total transaction of $703,095.12. Following the transaction, the insider owned 148,403 shares of the company's stock, valued at approximately $13,650,107.94. The trade was a 4.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $90.80, for a total value of $770,801.20. Following the sale, the chief financial officer owned 35,452 shares in the company, valued at $3,219,041.60. The trade was a 19.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 50,881 shares of company stock worth $4,878,914 in the last 90 days. Company insiders own 8.83% of the company's stock.

Zoom Communications Company 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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