Nomura Holdings Inc. Lowers Position in Zoom Communications, Inc. $ZM

Key Points

• Nomura Holdings Inc. has significantly reduced its stake in Zoom Communications by 97.4%, now holding only 12,309 shares after selling 456,092 shares in the first quarter.
• Insider selling is notable, with COO Aparna Bawa and CEO Eric S. Yuan selling a combined total of 44,219 shares recently, amid a broader trend where insiders have sold 90,542 shares valued at approximately $6.85 million in the past three months.
• Analysts have mixed views on Zoom's stock, with a consensus rating of "Hold" and a target price around $90.30, reflecting varying confidence in the company's growth potential.

Nomura Holdings Inc. lessened its position in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 97.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 12,309 shares of the company's stock after selling 456,092 shares during the period. Nomura Holdings Inc.'s holdings in Zoom Communications were worth $908,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in Zoom Communications during the first quarter worth $25,000. SouthState Corp acquired a new position in shares of Zoom Communications during the first quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Zoom Communications by 177.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 385 shares of the company's stock worth $28,000 after acquiring an additional 246 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Zoom Communications in the 4th quarter worth about $30,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Zoom Communications in the 1st quarter worth about $31,000. Institutional investors own 66.54% of the company's stock.

Insiders Place Their Bets

In other news, Director Janet Napolitano sold 2,617 shares of Zoom Communications stock in a transaction on Friday, June 13th. The stock was sold at an average price of $76.78, for a total value of $200,933.26. Following the completion of the transaction, the director directly owned 4,728 shares in the company, valued at approximately $363,015.84. The trade was a 35.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric S. Yuan sold 33,691 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $74.79, for a total value of $2,519,749.89. The disclosure for this sale can be found here. Insiders sold 90,542 shares of company stock worth $6,853,099 in the last three months. Insiders own 11.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ZM shares. Wells Fargo & Company lifted their price target on Zoom Communications from $75.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Royal Bank Of Canada raised their target price on Zoom Communications from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, August 22nd. Stifel Nicolaus decreased their price target on Zoom Communications from $85.00 to $80.00 and set a "hold" rating for the company in a report on Friday, August 22nd. Rosenblatt Securities raised their price objective on Zoom Communications from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, August 22nd. Finally, Scotiabank lifted their price objective on shares of Zoom Communications from $75.00 to $85.00 and gave the stock a "sector perform" rating in a report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $90.30.

Zoom Communications Price Performance

Shares of ZM traded up $0.89 during trading hours on Friday, hitting $83.68. The company's stock had a trading volume of 2,864,862 shares, compared to its average volume of 3,988,583. The business has a 50 day simple moving average of $75.92 and a two-hundred day simple moving average of $76.46. Zoom Communications, Inc. has a 52-week low of $64.41 and a 52-week high of $92.80. The company has a market cap of $25.32 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 11.78 and a beta of 0.57.

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.