Zoom Communications, Inc. $ZM Shares Sold by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC cut its position by 52.3% in Q4, selling 170,541 shares and now holding 155,685 Zoom shares valued at about $13.33 million.
• Insiders sold 109,706 shares (roughly $9.3 million) in the past 90 days, leaving insiders with 11.51% ownership of the company.
• Zoom reported Q (Feb) EPS of $1.44, missing estimates by $0.04 while revenue of $1.25 billion beat expectations, set FY2027 EPS guidance of 5.770–5.810, and carries a consensus analyst rating of "Hold" with a $95.32 price target.

Wealth Enhancement Advisory Services LLC cut its position in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 52.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,685 shares of the company's stock after selling 170,541 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of Zoom Communications worth $13,332,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. NorthCrest Asset Manangement LLC raised its position in shares of Zoom Communications by 55.0% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 25,889 shares of the company's stock valued at $2,240,000 after buying an additional 9,183 shares during the period. Wedmont Private Capital grew its position in Zoom Communications by 8.8% in the fourth quarter. Wedmont Private Capital now owns 3,482 shares of the company's stock worth $302,000 after acquiring an additional 282 shares during the period. Cooper Financial Group acquired a new stake in Zoom Communications during the fourth quarter worth $205,000. CWA Asset Management Group LLC raised its position in Zoom Communications by 10.2% in the fourth quarter. CWA Asset Management Group LLC now owns 73,973 shares of the company's stock valued at $6,383,000 after purchasing an additional 6,839 shares during the period. Finally, Riversedge Advisors LLC acquired a new position in shares of Zoom Communications in the 4th quarter valued at $352,000. Hedge funds and other institutional investors own 66.54% of the company's stock.

Insider Transactions at Zoom Communications

In other news, Director Santiago Subotovsky sold 2,475 shares of Zoom Communications stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $77.42, for a total value of $191,614.50. Following the completion of the transaction, the director owned 153,442 shares in the company, valued at approximately $11,879,479.64. This trade represents a 1.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Velchamy Sankarlingam sold 7,568 shares of the company's stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $86.55, for a total transaction of $655,010.40. Following the sale, the insider owned 136,182 shares in the company, valued at $11,786,552.10. The trade was a 5.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 109,706 shares of company stock valued at $9,299,555 in the last 90 days. Insiders own 11.51% of the company's stock.

Zoom Communications Stock Performance

NASDAQ ZM opened at $79.32 on Friday. The firm has a market cap of $23.37 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 4.47 and a beta of 0.93. The firm has a 50 day simple moving average of $83.97 and a 200-day simple moving average of $84.20. Zoom Communications, Inc. has a one year low of $64.41 and a one year high of $97.58.

Zoom Communications (NASDAQ:ZM - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.04). The business had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.Zoom Communications's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 earnings per share. Zoom Communications has set its FY 2027 guidance at 5.770-5.810 EPS and its Q1 2027 guidance at 1.400-1.420 EPS. Equities analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. KeyCorp raised their price objective on Zoom Communications from $69.00 to $74.00 and gave the stock an "underweight" rating in a research report on Thursday, February 26th. Rosenblatt Securities reiterated a "buy" rating and set a $115.00 price target on shares of Zoom Communications in a research report on Thursday, February 26th. Wolfe Research upgraded shares of Zoom Communications from a "peer perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a report on Thursday, February 5th. Sanford C. Bernstein dropped their target price on shares of Zoom Communications from $90.00 to $88.00 and set a "market perform" rating for the company in a report on Thursday, February 26th. Finally, Zacks Research lowered Zoom Communications from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 13th. Fourteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $95.32.

Zoom Communications Profile

Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company's platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom's product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.

Founded in 2011 by Eric S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.