Sumitomo Mitsui Trust Group Inc. Sells 18,049 Shares of Zoom Communications, Inc. $ZM

Key Points

• Sumitomo Mitsui Trust Group cut its Zoom stake by 3.1%, selling 18,049 shares and retaining 555,127 shares (about 0.19%) valued at $47.9 million.
• Company insiders have been net sellers — including director Santiago Subotovsky and COO Aparna Bawa — totaling 125,462 shares worth $10.36 million over the last 90 days, with insiders owning 11.51% of the stock.
• Zoom missed quarterly EPS ($1.44 vs. $1.48 estimate) but beat revenue, and analysts are mixed (14 Buy, 13 Hold, 1 Sell) with an average rating of "Hold" and a $95.32 average price target while the stock trades near $89 (market cap ~$26.2B).

Sumitomo Mitsui Trust Group Inc. lowered its stake in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 555,127 shares of the company's stock after selling 18,049 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.19% of Zoom Communications worth $47,902,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Zoom Communications by 9.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,644,822 shares of the company's stock valued at $228,222,000 after buying an additional 238,698 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of Zoom Communications during the 4th quarter valued at $286,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Zoom Communications by 10.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 396,099 shares of the company's stock valued at $34,179,000 after buying an additional 36,255 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Zoom Communications by 34.5% during the 4th quarter. Venturi Wealth Management LLC now owns 5,463 shares of the company's stock valued at $471,000 after buying an additional 1,401 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC boosted its holdings in shares of Zoom Communications by 44.4% during the 4th quarter. Jackson Thornton Wealth Management LLC now owns 10,290 shares of the company's stock valued at $882,000 after buying an additional 3,163 shares in the last quarter. Institutional investors own 66.54% of the company's stock.

Insider Activity

In other news, Director Santiago Subotovsky sold 2,475 shares of the firm's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $77.42, for a total transaction of $191,614.50. Following the sale, the director owned 153,442 shares of the company's stock, valued at $11,879,479.64. This trade represents a 1.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Aparna Bawa sold 12,137 shares of the firm's stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $81.37, for a total transaction of $987,587.69. Following the sale, the chief operating officer directly owned 1,978 shares in the company, valued at approximately $160,949.86. The trade was a 85.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 125,462 shares of company stock worth $10,356,350. 11.51% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wolfe Research upgraded shares of Zoom Communications from a "peer perform" rating to an "outperform" rating and set a $115.00 target price on the stock in a report on Thursday, February 5th. Citizens Jmp restated a "market perform" rating on shares of Zoom Communications in a report on Tuesday, February 24th. Needham & Company LLC restated a "buy" rating and set a $100.00 target price on shares of Zoom Communications in a report on Friday, March 13th. Benchmark dropped their target price on shares of Zoom Communications from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. Finally, Citigroup upgraded shares of Zoom Communications from a "neutral" rating to a "buy" rating and boosted their target price for the company from $94.00 to $106.00 in a report on Monday, January 12th. Fourteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Zoom Communications presently has an average rating of "Hold" and an average price target of $95.32.

Zoom Communications Stock Up 8.0%

Shares of NASDAQ ZM opened at $89.03 on Thursday. The firm's 50-day moving average price is $82.20 and its 200-day moving average price is $83.96. The company has a market cap of $26.23 billion, a PE ratio of 14.36, a PEG ratio of 4.71 and a beta of 0.88. Zoom Communications, Inc. has a 52-week low of $69.15 and a 52-week high of $97.58.

Zoom Communications (NASDAQ:ZM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.04). The company had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.23 billion. Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The business's revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.41 EPS. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. As a group, equities research analysts anticipate that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

About Zoom Communications

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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