Zoom Communications, Inc. $ZM Shares Sold by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. has reduced its stake in Zoom Communications by 14.3%, now holding 39,836 shares valued at approximately $3.1 million.
• Zoom reported $0.99 EPS for the last quarter, falling short of estimates, despite a 4.7% year-over-year revenue increase to $1.22 billion.
• Wall Street analysts have mixed ratings on Zoom, with a consensus rating of "Hold" and an average target price of $91.74, reflecting varying outlooks on the company's future performance.

Vontobel Holding Ltd. lessened its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 14.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,836 shares of the company's stock after selling 6,655 shares during the quarter. Vontobel Holding Ltd.'s holdings in Zoom Communications were worth $3,106,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Wayfinding Financial LLC acquired a new position in shares of Zoom Communications in the 1st quarter worth approximately $25,000. SouthState Corp acquired a new position in shares of Zoom Communications in the 1st quarter worth approximately $25,000. REAP Financial Group LLC grew its position in shares of Zoom Communications by 181.7% in the 2nd quarter. REAP Financial Group LLC now owns 355 shares of the company's stock worth $28,000 after acquiring an additional 229 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new position in shares of Zoom Communications in the 1st quarter worth approximately $31,000. Finally, Brooklyn Investment Group grew its position in shares of Zoom Communications by 277.8% in the 1st quarter. Brooklyn Investment Group now owns 442 shares of the company's stock worth $33,000 after acquiring an additional 325 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Zoom Communications Price Performance

Shares of Zoom Communications stock opened at $80.28 on Friday. The business's fifty day moving average price is $79.79 and its two-hundred day moving average price is $77.67. The company has a market capitalization of $24.29 billion, a P/E ratio of 21.18, a PEG ratio of 11.31 and a beta of 0.78. Zoom Communications, Inc. has a 1-year low of $64.41 and a 1-year high of $92.80.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.39). Zoom Communications had a net margin of 24.99% and a return on equity of 11.91%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted $1.39 earnings per share. The firm's revenue for the quarter 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. On average, research analysts expect that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Piper Sandler reiterated a "neutral" rating and issued a $85.00 target price on shares of Zoom Communications in a research report on Friday, August 22nd. Dbs Bank upgraded Zoom Communications to a "moderate buy" rating in a research report on Tuesday, September 16th. Benchmark boosted their price objective on Zoom Communications from $102.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. KeyCorp reduced their price objective on Zoom Communications from $73.00 to $69.00 and set an "underweight" rating for the company in a research report on Friday, August 22nd. Finally, Wall Street Zen upgraded Zoom Communications from a "buy" rating to a "strong-buy" rating in a research report on Sunday, September 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $91.74.

Insider Activity at Zoom Communications

In other news, insider Velchamy Sankarlingam sold 2,595 shares of Zoom Communications stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $85.09, for a total transaction of $220,808.55. Following the transaction, the insider directly owned 130,242 shares in the company, valued at approximately $11,082,291.78. This trade represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric S. Yuan sold 33,691 shares of Zoom Communications stock in a transaction on Monday, July 14th. The shares were 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 82,739 shares of company stock worth $6,286,322 in the last quarter. Company insiders own 11.51% of the company's stock.

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.

Want to see what other hedge funds are holding ZM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zoom Communications, Inc. (NASDAQ:ZM - Free Report).

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.