Zoom Communications, Inc. $ZM Position Increased by Cwm LLC

Key Points

• Cwm LLC increased its stake in Zoom Communications by 49.4% in the 2nd quarter, owning 121,406 shares valued at $9,467,000.
• Insider transactions included director Santiago Subotovsky selling 2,475 shares and CFO Michelle Chang selling 33,956 shares, reflecting a decrease in their respective positions.
• Zoom Communications reported Q2 earnings of $0.99 per share, missing estimates, while revenue increased by 4.7% compared to the previous year.

Cwm LLC increased its stake in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 49.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,406 shares of the company's stock after purchasing an additional 40,133 shares during the period. Cwm LLC's holdings in Zoom Communications were worth $9,467,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SouthState Corp acquired a new stake in Zoom Communications in the 1st quarter valued at approximately $25,000. Wayfinding Financial LLC acquired a new stake in Zoom Communications in the 1st quarter valued at approximately $25,000. REAP Financial Group LLC increased its position in Zoom Communications by 181.7% in the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company's stock valued at $28,000 after acquiring an additional 229 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in Zoom Communications in the 1st quarter valued at approximately $31,000. Finally, Brooklyn Investment Group increased its position in Zoom Communications by 277.8% in the 1st quarter. Brooklyn Investment Group now owns 442 shares of the company's stock valued at $33,000 after acquiring an additional 325 shares during the period. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Santiago Subotovsky sold 2,475 shares of the firm's stock in a transaction on Monday, October 6th. The stock was sold at an average price of $80.78, for a total transaction of $199,930.50. Following the completion of the sale, the director directly owned 152,644 shares of the company's stock, valued at $12,330,582.32. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michelle Chang sold 33,956 shares of Zoom Communications stock in a transaction on Friday, October 10th. The shares were sold at an average price of $82.00, for a total value of $2,784,392.00. Following the transaction, the chief financial officer owned 20,539 shares in the company, valued at $1,684,198. This represents a 62.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,636 shares of company stock valued at $4,482,800. 10.78% of the stock is owned by insiders.

Zoom Communications Stock Up 0.2%

ZM opened at $79.32 on Wednesday. The firm has a market cap of $24.00 billion, a PE ratio of 20.93, a P/E/G ratio of 10.80 and a beta of 0.78. The business has a fifty day simple moving average of $80.08 and a 200-day simple moving average of $77.72. Zoom Communications, Inc. has a fifty-two week low of $64.41 and a fifty-two week high of $92.80.

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Piper Sandler restated a "neutral" rating and issued a $85.00 target price on shares of Zoom Communications in a research report on Friday, August 22nd. Robert W. Baird lowered their price target on Zoom Communications from $100.00 to $95.00 and set an "outperform" rating on the stock in a research report on Friday, August 22nd. Zacks Research upgraded Zoom Communications from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 18th. Benchmark lifted their price target on Zoom Communications from $102.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $100.00 price target on shares of Zoom Communications in a research report on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $91.74.

Zoom Communications Company 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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