Zoom Communications, Inc. $ZM Shares Sold by Galvin Gaustad & Stein LLC

Key Points

• Galvin Gaustad & Stein LLC reduced its stake in Zoom Communications by 54.2%, now holding 3,835 shares valued at approximately $299,000.
• Institutional ownership of Zoom Communications is at 66.54%, with several hedge funds recently increasing their positions in the company.
• Zoom's recent financial report showed Q2 earnings of $0.99 per share, which missed estimates by $0.39, although revenue was slightly above expectations at $1.22 billion.

Galvin Gaustad & Stein LLC reduced its stake in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 54.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,835 shares of the company's stock after selling 4,535 shares during the quarter. Galvin Gaustad & Stein LLC's holdings in Zoom Communications were worth $299,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

ZM has been the topic of a number of recent research reports. Citigroup lifted their price objective on shares of Zoom Communications from $84.00 to $85.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Dbs Bank upgraded shares of Zoom Communications to a "moderate buy" rating in a research note on Tuesday, September 16th. William Blair restated an "outperform" rating on shares of Zoom Communications in a research note on Tuesday, September 30th. Cantor Fitzgerald restated a "neutral" rating and issued a $87.00 price objective on shares of Zoom Communications in a research note on Thursday, September 18th. Finally, Wedbush restated an "outperform" rating and issued a $95.00 price objective on shares of Zoom Communications in a research note on Friday, August 22nd. Two 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $91.74.

Insider Activity

In related news, Director Santiago Subotovsky sold 2,475 shares of the business's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $80.78, for a total transaction of $199,930.50. Following the sale, the director owned 152,644 shares of the company's stock, valued at approximately $12,330,582.32. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric S. Yuan sold 33,691 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $74.79, for a total transaction of $2,519,749.89. The disclosure for this sale can be found here. Insiders have sold 82,739 shares of company stock valued at $6,286,322 in the last quarter. Insiders own 11.51% of the company's stock.

Zoom Communications Stock Down 2.9%

Shares of Zoom Communications stock opened at $80.28 on Friday. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $92.80. The company's 50-day simple moving average is $79.79 and its 200-day simple moving average is $77.67. The firm has a market cap of $24.29 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 11.31 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.39). The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.20 billion. Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Equities research analysts anticipate that Zoom Communications, Inc. will post 2.93 EPS for the current 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.

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