Zoom Communications, Inc. $ZM Stake Cut by Vestcor Inc

Key Points

• Vestcor Inc. cut its stake in Zoom by 33.5% in Q3, selling 14,868 shares and retaining 29,533 shares worth about $2.436 million.
• Company insiders sold a total of 180,494 shares (≈$15.5 million) over the past three months — including COO Aparna Bawa’s sale of 12,137 shares — though insiders still own 10.78% of the stock.
• Zoom’s latest quarter showed $1.44 EPS (missed estimates by $0.04) and $1.25B revenue (beat estimates), with FY2027 guidance of 5.770–5.810 EPS; the stock has a market cap of $22.62B and an average analyst price target of $95.32 (consensus rating: Hold).

Vestcor Inc decreased its holdings in shares of Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 33.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,533 shares of the company's stock after selling 14,868 shares during the period. Vestcor Inc's holdings in Zoom Communications were worth $2,436,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ZM. Wynn Capital LLC raised its stake in Zoom Communications by 1.3% during the third quarter. Wynn Capital LLC now owns 10,429 shares of the company's stock worth $860,000 after acquiring an additional 130 shares during the period. MAI Capital Management raised its position in shares of Zoom Communications by 34.7% during the 3rd quarter. MAI Capital Management now owns 579 shares of the company's stock worth $48,000 after purchasing an additional 149 shares during the period. Penserra Capital Management LLC lifted its holdings in shares of Zoom Communications by 12.6% in the 2nd quarter. Penserra Capital Management LLC now owns 1,446 shares of the company's stock worth $111,000 after purchasing an additional 162 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in Zoom Communications by 0.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 24,395 shares of the company's stock worth $1,902,000 after buying an additional 181 shares during the last quarter. Finally, Yousif Capital Management LLC increased its position in Zoom Communications by 4.5% in the third quarter. Yousif Capital Management LLC now owns 4,552 shares of the company's stock worth $376,000 after buying an additional 198 shares during the period. 66.54% of the stock is currently owned by institutional investors.

Zoom Communications Price Performance

ZM opened at $76.38 on Wednesday. Zoom Communications, Inc. has a 1 year low of $64.41 and a 1 year high of $97.58. The business's 50-day moving average price is $86.02 and its two-hundred day moving average price is $84.68. The company has a market capitalization of $22.62 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 4.40 and a beta of 0.93.

Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $1.44 EPS for the quarter, missing analysts' consensus estimates of $1.48 by ($0.04). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Zoom Communications had a return on equity of 11.88% and a net margin of 39.03%.The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior 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. Sell-side analysts anticipate that Zoom Communications, Inc. will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Benchmark dropped their price target on shares of Zoom Communications from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Tuesday, February 24th. Jefferies Financial Group boosted their target price on Zoom Communications from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, November 25th. Sanford C. Bernstein decreased their price objective on shares of 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. Weiss Ratings reiterated a "buy (b-)" rating on shares of Zoom Communications in a research note on Monday, December 29th. Finally, Wolfe Research raised Zoom Communications from a "peer perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a research report on Thursday, February 5th. Fourteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $95.32.

Insiders Place Their Bets

In other news, COO Aparna Bawa sold 12,137 shares of the firm's stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $81.37, for a total transaction of $987,587.69. Following the transaction, the chief operating officer directly owned 1,978 shares of the company's stock, valued at approximately $160,949.86. This trade represents a 85.99% 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 this hyperlink. Also, insider Velchamy Sankarlingam sold 7,568 shares of the business's stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $86.55, for a total value of $655,010.40. Following the completion of the transaction, the insider directly owned 136,182 shares of the company's stock, valued at approximately $11,786,552.10. This trade represents a 5.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 180,494 shares of company stock valued at $15,502,079 in the last three months. Insiders own 10.78% of the company's stock.

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.