Optas LLC Lowers Position in Zoom Communications, Inc. $ZM

Optas LLC reduced its stake in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 52.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,989 shares of the company's stock after selling 3,288 shares during the quarter. Optas LLC's holdings in Zoom Communications were worth $233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SouthState Corp purchased a new stake in Zoom Communications in the 1st quarter valued at $25,000. Wayfinding Financial LLC purchased a new stake in shares of Zoom Communications during the 1st quarter valued at $25,000. REAP Financial Group LLC increased its position in shares of Zoom Communications by 181.7% during the 2nd 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. purchased a new stake in shares of Zoom Communications during the 1st quarter valued at $31,000. Finally, Brooklyn Investment Group increased its position in shares of Zoom Communications by 277.8% during the 1st quarter. Brooklyn Investment Group now owns 442 shares of the company's stock valued at $33,000 after purchasing an additional 325 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zoom Communications news, CEO Eric S. Yuan sold 33,691 shares of the firm's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $74.79, for a total value of $2,519,749.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Velchamy Sankarlingam sold 2,595 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $85.09, for a total value of $220,808.55. Following the completion of the transaction, the insider owned 130,242 shares of the company's stock, valued at approximately $11,082,291.78. This represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,739 shares of company stock worth $6,286,322 over the last quarter. Insiders own 11.51% of the company's stock.

Zoom Communications Stock Down 2.9%

NASDAQ ZM opened at $80.28 on Friday. The company has a market cap of $24.29 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 11.31 and a beta of 0.78. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $92.80. The firm's 50-day simple moving average is $79.79 and its two-hundred day simple moving average is $77.67.

Zoom Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period last year, the company earned $1.39 earnings per share. Zoom Communications's revenue for the quarter was up 4.7% compared to the same quarter last year. 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, equities research analysts anticipate that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ZM. Zacks Research raised Zoom Communications from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 18th. Dbs Bank raised Zoom Communications to a "moderate buy" rating in a research report on Tuesday, September 16th. Rosenblatt Securities reaffirmed a "buy" rating and set a $110.00 target price on shares of Zoom Communications in a research report on Thursday, September 18th. Mizuho raised their target price on Zoom Communications from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. Finally, William Blair reiterated an "outperform" rating on shares of Zoom Communications in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Zoom Communications presently has an average rating of "Hold" and a consensus target price 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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