Zoom Communications, Inc. $ZM Shares Bought by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas boosted its Zoom stake by 20.8% in Q4 to 396,279 shares (an additional 68,309 shares), worth about $34.2 million and representing roughly 0.13% of the company.
• Insiders have been net sellers: CFO Michelle Chang and Director Santiago Subotovsky recently sold shares under pre-arranged Rule 10b5-1 plans, and insiders sold 138,887 shares totaling $11.59 million over the past 90 days (insiders now own 11.51% of the stock).
• Analysts are split — the consensus rating is a "Hold" with a $95.32 target (14 Buys, 13 Holds, 1 Sell); Zoom missed EPS by $0.04 last quarter ($1.44 vs $1.48) while beating revenue estimates and issued FY27 EPS guidance of 5.770–5.810.

Teacher Retirement System of Texas grew its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 396,279 shares of the company's stock after purchasing an additional 68,309 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.13% of Zoom Communications worth $34,195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZM. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Zoom Communications by 10.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,753 shares of the company's stock worth $19,697,000 after acquiring an additional 22,704 shares during the period. Strive Asset Management LLC purchased a new position in shares of Zoom Communications during the 3rd quarter worth $1,238,000. LSV Asset Management raised its holdings in shares of Zoom Communications by 5.0% during the 3rd quarter. LSV Asset Management now owns 1,069,440 shares of the company's stock worth $88,229,000 after acquiring an additional 50,579 shares during the period. Krilogy Financial LLC purchased a new position in shares of Zoom Communications during the 3rd quarter worth $1,963,000. Finally, Boston Common Asset Management LLC purchased a new position in shares of Zoom Communications during the 4th quarter worth $2,163,000. Institutional investors and hedge funds own 66.54% of the company's stock.

Insider Activity at Zoom Communications

In related news, CFO Michelle Chang sold 8,489 shares of the firm's stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $81.32, for a total transaction of $690,325.48. Following the completion of the transaction, the chief financial officer directly owned 30,467 shares in the company, valued at $2,477,576.44. This trade represents a 21.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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. Also, Director Santiago Subotovsky sold 2,643 shares of the firm's stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $87.32, for a total value of $230,786.76. Following the transaction, the director owned 150,799 shares of the company's stock, valued at $13,167,768.68. This trade represents a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 138,887 shares of company stock worth $11,590,330 over the last ninety days. Company insiders own 11.51% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Needham & Company LLC reiterated a "buy" rating and set a $100.00 price target on shares of Zoom Communications in a report on Friday, March 13th. Wolfe Research upgraded Zoom Communications from a "peer perform" rating to an "outperform" rating and set a $115.00 price target on the stock in a report on Thursday, February 5th. Wall Street Zen lowered Zoom Communications from a "buy" rating to a "hold" rating in a report on Saturday, March 7th. Sanford C. Bernstein cut their price objective on Zoom Communications from $90.00 to $88.00 and set a "market perform" rating for the company in a research report on Thursday, February 26th. Finally, BTIG Research cut their price objective on Zoom Communications from $105.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $95.32.

Zoom Communications Trading Down 2.1%

Shares of NASDAQ:ZM opened at $90.01 on Friday. The business has a 50-day moving average price of $81.84 and a 200 day moving average price of $84.26. The company has a market capitalization of $26.52 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 5.26 and a beta of 0.88. Zoom Communications, Inc. has a 12-month low of $69.15 and a 12-month high of $97.58.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.41 earnings per share. 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 predict that Zoom Communications, Inc. will post 3.94 earnings per share for the current fiscal year.

Zoom Communications Profile

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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