Zoom Communications, Inc. $ZM Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank trimmed its Zoom stake by 79.9% in Q4, selling 267,383 shares and leaving 67,137 shares valued at about $5.79 million, per its SEC filing.
• Company insiders — including COO Aparna Bawa and CFO Michelle Chang — sold shares in April, and insiders have sold a total of 138,887 shares (about $11.59 million) over the last three months under pre‑arranged Rule 10b5‑1 plans.
• Zoom stock recently traded near $92.03 with a market cap of $27.12 billion, and Wall Street holds a consensus Hold rating with a $95.32 target price.

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 79.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,137 shares of the company's stock after selling 267,383 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Zoom Communications were worth $5,793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp acquired a new position in Zoom Communications in the fourth quarter valued at approximately $28,000. Root Financial Partners LLC acquired a new position in Zoom Communications in the third quarter valued at approximately $33,000. Sound Income Strategies LLC boosted its holdings in Zoom Communications by 94.8% in the fourth quarter. Sound Income Strategies LLC now owns 411 shares of the company's stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Quent Capital LLC acquired a new position in Zoom Communications in the third quarter valued at approximately $34,000. Finally, Cloud Capital Management LLC acquired a new position in Zoom Communications in the third quarter valued at approximately $42,000. 66.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Zoom Communications

In other news, COO Aparna Bawa sold 12,886 shares of the company's stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $87.62, for a total transaction of $1,129,071.32. Following the completion of the sale, the chief operating officer owned 1,978 shares in the company, valued at $173,312.36. This represents a 86.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michelle Chang sold 8,489 shares of the company's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $81.32, for a total value of $690,325.48. Following the sale, the chief financial officer owned 30,467 shares of the company's stock, valued at $2,477,576.44. This trade represents a 21.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 138,887 shares of company stock valued at $11,590,330. Corporate insiders own 11.51% of the company's stock.

Zoom Communications Trading Up 2.2%

Shares of NASDAQ ZM opened at $92.03 on Friday. Zoom Communications, Inc. has a twelve month low of $69.15 and a twelve month high of $97.58. The stock has a 50 day moving average of $81.83 and a two-hundred day moving average of $84.34. The stock has a market cap of $27.12 billion, a P/E ratio of 14.84, a P/E/G ratio of 5.15 and a beta of 0.88.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.04). Zoom Communications had a net margin of 39.03% and a return on equity of 11.88%. The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the firm posted $1.41 EPS. Zoom Communications's quarterly revenue was up 5.3% compared to the same quarter last year. 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. As a group, research analysts predict that Zoom Communications, Inc. will post 3.94 earnings per share for the current year.

Wall Street Analyst Weigh In

ZM has been the subject of a number of research analyst reports. Benchmark lowered their price target on Zoom Communications from $115.00 to $110.00 and set a "buy" rating for the company in a report on Tuesday, February 24th. Sanford C. Bernstein reduced their price objective on Zoom Communications from $90.00 to $88.00 and set a "market perform" rating for the company in a research note on Thursday, February 26th. Piper Sandler boosted their price objective on Zoom Communications from $85.00 to $91.00 and gave the company a "neutral" rating in a research note on Monday, January 5th. Wall Street Zen cut Zoom Communications from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Finally, Citizens Jmp reiterated a "market perform" rating on shares of Zoom Communications in a research note on Tuesday, February 24th. Fourteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Zoom Communications has a consensus rating of "Hold" and a consensus target price of $95.32.

Zoom Communications Company 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.