Sequoia Financial Advisors LLC Invests $381,000 in Zoom Communications, Inc. $ZM

Key Points

• Sequoia Financial Advisors LLC has invested approximately $381,000 in Zoom Communications, acquiring 4,888 shares during the second quarter.
• The stock has a market cap of $25.30 billion and recently opened at $83.61, with a 1-year range between $64.41 and $92.80.
• Zoom's earnings report showed $0.99 EPS, below the expected $1.38, despite revenue of $1.22 billion surpassing expectations of $1.20 billion.

Sequoia Financial Advisors LLC bought a new stake in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,888 shares of the company's stock, valued at approximately $381,000.

Several other institutional investors also recently modified their holdings of ZM. Janney Montgomery Scott LLC grew its holdings in shares of Zoom Communications by 22.1% in the first quarter. Janney Montgomery Scott LLC now owns 22,706 shares of the company's stock valued at $1,675,000 after acquiring an additional 4,106 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Zoom Communications by 19.8% in the first quarter. Blue Trust Inc. now owns 1,059 shares of the company's stock valued at $78,000 after acquiring an additional 175 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of Zoom Communications in the first quarter valued at approximately $1,328,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Zoom Communications in the first quarter valued at approximately $566,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of Zoom Communications by 15.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,928 shares of the company's stock valued at $880,000 after acquiring an additional 1,601 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

Zoom Communications Price Performance

NASDAQ:ZM opened at $83.61 on Wednesday. The company has a market cap of $25.30 billion, a P/E ratio of 22.06, a P/E/G ratio of 11.18 and a beta of 0.78. The stock's fifty day moving average price is $81.06 and its two-hundred day moving average price is $78.00. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $92.80.

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

Insider Activity

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,660 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $628,120.00. Following the sale, the insider owned 132,795 shares in the company, valued at $10,889,190. This represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Aparna Bawa sold 10,528 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $79.77, for a total value of $839,818.56. Following the sale, the chief operating officer owned 1,978 shares in the company, valued at approximately $157,785.06. This represents a 84.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,856 shares of company stock valued at $8,009,892. 10.78% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ZM has been the subject of several recent analyst reports. Dbs Bank raised Zoom Communications to a "moderate buy" rating in a report on Tuesday, September 16th. KeyCorp reduced their price objective on Zoom Communications from $73.00 to $69.00 and set an "underweight" rating for the company in a report on Friday, August 22nd. Zacks Research raised Zoom Communications from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 18th. Rosenblatt Securities reissued a "buy" rating and set a $110.00 price objective on shares of Zoom Communications in a report on Thursday, September 18th. Finally, Wedbush reissued an "outperform" rating and set a $95.00 price objective on shares of Zoom Communications in a report on Friday, August 22nd. Two equities research 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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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