IFM Investors Pty Ltd Acquires 5,493 Shares of Zoom Communications, Inc. (NASDAQ:ZM)

IFM Investors Pty Ltd boosted its stake in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 11.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,262 shares of the company's stock after buying an additional 5,493 shares during the quarter. IFM Investors Pty Ltd's holdings in Zoom Communications were worth $3,714,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Wynn Capital LLC increased its stake in Zoom Communications by 1.6% in the first quarter. Wynn Capital LLC now owns 10,194 shares of the company's stock valued at $752,000 after purchasing an additional 160 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Zoom Communications by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,040 shares of the company's stock valued at $330,000 after acquiring an additional 168 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Zoom Communications by 0.7% during the 1st quarter. New York State Teachers Retirement System now owns 24,298 shares of the company's stock worth $1,792,000 after acquiring an additional 171 shares during the period. Siemens Fonds Invest GmbH lifted its holdings in shares of Zoom Communications by 3.8% during the 4th quarter. Siemens Fonds Invest GmbH now owns 4,732 shares of the company's stock worth $391,000 after acquiring an additional 174 shares during the period. Finally, Blue Trust Inc. boosted its position 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 worth $78,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ZM shares. Mizuho decreased their price objective on shares of Zoom Communications from $105.00 to $71.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. JMP Securities reissued a "market perform" rating on shares of Zoom Communications in a research report on Thursday, May 22nd. KeyCorp started coverage on shares of Zoom Communications in a research report on Friday, June 6th. They issued an "underweight" rating and a $73.00 price objective for the company. Citigroup decreased their price objective on shares of Zoom Communications from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. Finally, Bank of America upped their price objective on shares of Zoom Communications from $79.00 to $84.00 and gave the company a "neutral" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Zoom Communications has a consensus rating of "Hold" and a consensus price target of $87.00.

Zoom Communications Price Performance

Shares of NASDAQ ZM traded down $1.41 during mid-day trading on Monday, reaching $77.17. 3,406,717 shares of the company traded hands, compared to its average volume of 2,907,994. Zoom Communications, Inc. has a fifty-two week low of $55.06 and a fifty-two week high of $92.80. The firm has a market cap of $23.35 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 12.87 and a beta of 0.68. The stock has a fifty day simple moving average of $79.38 and a 200-day simple moving average of $78.69.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.13. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.17 billion. Zoom Communications had a net margin of 22.31% and a return on equity of 11.08%. The firm's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted $1.35 earnings per share. As a group, analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Insider Transactions at Zoom Communications

In other Zoom Communications news, Director Jonathan Chadwick sold 12,500 shares of Zoom Communications stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $72.57, for a total transaction of $907,125.00. Following the completion of the sale, the director owned 1,514 shares of the company's stock, valued at $109,870.98. This trade represents a 89.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Janet Napolitano sold 2,617 shares of Zoom Communications stock in a transaction on Friday, June 13th. The shares were sold at an average price of $76.78, for a total transaction of $200,933.26. Following the sale, the director directly owned 4,728 shares of the company's stock, valued at $363,015.84. This trade represents a 35.63% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,196 shares of company stock worth $6,885,843. 10.78% of the stock is currently owned by insiders.

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.