Zoom Communications, Inc. $ZM Shares Bought by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Zoom stake by 15,035.9% in the third quarter, acquiring 553,320 shares and ending with 557,000 shares worth approximately $50.6 million. Institutional investors collectively own 66.54% of the company.
• Zoom insiders have been net sellers, with executives selling 88,856 shares worth $8.7 million over the past three months. CFO Michelle Chang and insider Velchamy Sankarlingam disclosed sales conducted under pre-arranged Rule 10b5-1 plans.
• Zoom exceeded quarterly expectations with adjusted earnings of $1.55 per share and revenue of $1.28 billion, up 4.9% year over year. Analysts maintain a “Moderate Buy” consensus, with an average price target of $114.48 versus a recent share price of $95.50.

International Assets Investment Management LLC increased its holdings in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 15,035.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 557,000 shares of the company's stock after acquiring an additional 553,320 shares during the quarter. International Assets Investment Management LLC owned about 0.19% of Zoom Communications worth $50,559,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Zoom Communications by 14.4% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 226,074 shares of the company's stock valued at $20,521,000 after purchasing an additional 28,500 shares in the last quarter. Soltis Investment Advisors LLC raised its stake in Zoom Communications by 17.6% in the third quarter. Soltis Investment Advisors LLC now owns 3,097 shares of the company's stock worth $281,000 after buying an additional 464 shares in the last quarter. Choreo LLC lifted its holdings in Zoom Communications by 8.1% in the third quarter. Choreo LLC now owns 7,374 shares of the company's stock worth $669,000 after buying an additional 551 shares during the period. VestGen Advisors LLC purchased a new stake in Zoom Communications in the third quarter worth about $233,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in Zoom Communications by 39.4% in the third quarter. Oppenheimer & Co. Inc. now owns 9,566 shares of the company's stock worth $868,000 after buying an additional 2,703 shares during the period. Institutional investors own 66.54% of the company's stock.

Insider Buying and Selling

In related news, CFO Michelle Chang sold 10,156 shares of the company's stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $101.93, for a total value of $1,035,201.08. Following the sale, the chief financial officer owned 30,282 shares in the company, valued at $3,086,644.26. This represents a 25.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Velchamy Sankarlingam sold 7,645 shares of the firm's stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $99.26, for a total value of $758,842.70. Following the transaction, the insider directly owned 151,813 shares of the company's stock, valued at approximately $15,068,958.38. This trade represents a 4.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 88,856 shares of company stock worth $8,725,094 over the last three months. Corporate insiders own 8.83% of the company's stock.

Zoom Communications Price Performance

NASDAQ:ZM opened at $95.50 on Friday. Zoom Communications, Inc. has a one year low of $70.70 and a one year high of $114.74. The company's 50-day simple moving average is $95.56 and its 200 day simple moving average is $91.90. The firm has a market capitalization of $27.86 billion, a P/E ratio of 8.84, a PEG ratio of 4.36 and a beta of 1.03.

Zoom Communications (NASDAQ:ZM - Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.07. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the prior year, the company earned $1.53 earnings per share. The business's revenue was up 4.9% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. On average, equities research analysts expect that Zoom Communications, Inc. will post 4.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Citizens Jmp reiterated a "market perform" rating on shares of Zoom Communications in a report on Wednesday, August 26th. Cantor Fitzgerald restated a "neutral" rating and issued a $104.00 target price on shares of Zoom Communications in a research note on Wednesday, October 21st. UBS Group dropped their price target on Zoom Communications from $115.00 to $112.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 21st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $130.00 price target on shares of Zoom Communications in a research note on Wednesday, October 21st. Finally, Oppenheimer upgraded Zoom Communications from a "market perform" rating to an "outperform" rating and set a $130.00 price objective for the company in a report on Wednesday, October 21st. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.48.

Zoom Communications Profile

Zoom Communications, Inc NASDAQ: ZM is a communications technology company that provides cloud-based collaboration and customer engagement solutions. Founded in 2011 and headquartered in San Jose, California, the company is best known for Zoom Meetings, its videoconferencing platform for online meetings, webinars and virtual events.

The company's product portfolio also includes Zoom Phone, a cloud-based business phone service; Zoom Team Chat; Zoom Rooms for hybrid meeting spaces; Zoom Whiteboard; and Zoom Contact Center.

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