Zoom Communications, Inc. $ZM Shares Purchased by DekaBank Deutsche Girozentrale

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Zoom Communications by 1.6%, owning a total of 537,626 shares valued at approximately $42.5 million as of the end of the second quarter.
• Insider sales included CFO Michelle Chang selling 33,956 shares, resulting in a 62.31% decrease in her total ownership, while other insiders also sold substantial shares recently.
• The consensus analyst rating for Zoom Communications is "Hold", with an average price target set at $91.74, amidst varied ratings from different research firms.

DekaBank Deutsche Girozentrale boosted its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 537,626 shares of the company's stock after buying an additional 8,585 shares during the period. DekaBank Deutsche Girozentrale owned 0.18% of Zoom Communications worth $42,519,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Zoom Communications by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,796,654 shares of the company's stock valued at $1,829,249,000 after acquiring an additional 624,863 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Zoom Communications by 0.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company's stock worth $473,732,000 after purchasing an additional 36,210 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Zoom Communications by 63.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company's stock valued at $166,651,000 after purchasing an additional 830,393 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Zoom Communications by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,679,499 shares of the company's stock valued at $123,912,000 after buying an additional 16,819 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Zoom Communications by 119.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,405,311 shares of the company's stock valued at $103,670,000 after buying an additional 765,092 shares during the period. 66.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Zoom Communications

In other news, CFO Michelle Chang sold 33,956 shares of the business's stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the completion of the transaction, the chief financial officer directly owned 20,539 shares of the company's stock, valued at approximately $1,684,198. The trade was a 62.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Velchamy Sankarlingam sold 7,660 shares of the firm's stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $82.00, for a total transaction of $628,120.00. Following the completion of the sale, the insider directly owned 132,795 shares in the company, valued at approximately $10,889,190. This trade represents a 5.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 98,856 shares of company stock worth $8,009,892 over the last quarter. 10.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price objective on shares of Zoom Communications in a report on Thursday, September 18th. KeyCorp reduced their target price on Zoom Communications from $73.00 to $69.00 and set an "underweight" rating on the stock in a research report on Friday, August 22nd. Wall Street Zen raised shares of Zoom Communications from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 28th. Benchmark boosted their price target on shares of Zoom Communications from $102.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $87.00 price objective on shares of Zoom Communications in a report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $91.74.

Zoom Communications Stock Up 2.1%

Zoom Communications stock opened at $83.61 on Wednesday. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $92.80. The firm has a market cap of $25.30 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 11.18 and a beta of 0.78. The company's 50 day moving average is $81.06 and its two-hundred day moving average is $78.00.

Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.39). The business had revenue of $1.22 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.39 EPS. 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 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.