Zoom Communications, Inc. $ZM Shares Sold by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC reduced its stake in Zoom Communications by 18.6%, owning 18,474 shares post-sale worth approximately $1.44 million.
• Several institutional investors acquired new stakes in Zoom, with 66.54% of the stock currently owned by institutional investors and hedge funds.
• Zoom's stock saw a 2.9% decline recently, with analysts giving it a consensus rating of "Hold" and an average target price of $91.74.

Janney Montgomery Scott LLC reduced its stake in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 18.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,474 shares of the company's stock after selling 4,232 shares during the period. Janney Montgomery Scott LLC's holdings in Zoom Communications were worth $1,441,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of Zoom Communications in the first quarter valued at $25,000. SouthState Corp acquired a new stake in shares of Zoom Communications in the first quarter valued at $25,000. GKV Capital Management Co. Inc. acquired a new stake in shares of Zoom Communications in the first quarter valued at $31,000. Brooklyn Investment Group raised its stake in shares of 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 acquiring an additional 325 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new position in Zoom Communications in the first quarter valued at $42,000. 66.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zoom Communications news, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $80.78, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Herbert Raymond Mcmaster sold 2,000 shares of Zoom Communications stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $83.00, for a total value of $166,000.00. Following the completion of the sale, the director directly owned 7,901 shares in the company, valued at $655,783. This represents a 20.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,020 shares of company stock worth $2,941,788 over the last quarter. 10.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ZM shares. Citigroup increased their target price on Zoom Communications from $84.00 to $85.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Rosenblatt Securities reissued a "buy" rating and issued a $110.00 target price on shares of Zoom Communications in a report on Thursday, September 18th. Weiss Ratings reissued a "hold (c)" rating on shares of Zoom Communications in a report on Saturday, September 27th. Royal Bank Of Canada reissued an "outperform" rating and issued a $100.00 target price on shares of Zoom Communications in a report on Thursday, September 18th. Finally, Robert W. Baird dropped their price objective on Zoom Communications from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $91.74.

Zoom Communications Stock Down 2.9%

NASDAQ ZM opened at $80.28 on Monday. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $92.80. The business's 50-day moving average price is $79.79 and its 200 day moving average price is $77.68. The firm has a market cap of $24.29 billion, a P/E ratio of 21.18, a P/E/G ratio of 10.98 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.39). Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the prior year, the business earned $1.39 EPS. The business's quarterly revenue was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. As a group, analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

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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