Zoom Communications (NASDAQ:ZM) Director Santiago Subotovsky Sells 2,637 Shares of Stock

Key Points

• Zoom director Santiago Subotovsky sold 2,637 shares at an average price of $89.56, for about $236,170. The sale was made under a pre-arranged Rule 10b5-1 plan; he retained 113,875 shares afterward.
• Zoom’s latest reported quarter beat expectations, with adjusted earnings of $1.55 per share and revenue of $1.28 billion, up 4.9% year over year.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $114.48; shares were recently trading at $91.71.

Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) Director Santiago Subotovsky sold 2,637 shares of the business's stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $89.56, for a total transaction of $236,169.72. Following the completion of the transaction, the director directly owned 113,875 shares of the company's stock, valued at $10,198,645. This trade represents a 2.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Santiago Subotovsky also recently made the following trade(s):

• On Wednesday, October 28th, Santiago Subotovsky sold 1,442 shares of Zoom Communications stock. The stock was sold at an average price of $100.14, for a total transaction of $144,401.88.
• On Thursday, October 15th, Santiago Subotovsky sold 717 shares of Zoom Communications stock. The shares were sold at an average price of $96.63, for a total transaction of $69,283.71.
• On Thursday, October 22nd, Santiago Subotovsky sold 20 shares of Zoom Communications stock. The shares were sold at an average price of $100.43, for a total transaction of $2,008.60.
• On Wednesday, October 21st, Santiago Subotovsky sold 3,812 shares of Zoom Communications stock. The shares were sold at an average price of $100.56, for a total transaction of $383,334.72.
• On Monday, October 5th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The shares were sold at an average price of $93.74, for a total transaction of $247,192.38.
• On Tuesday, September 8th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The stock was sold at an average price of $96.63, for a total transaction of $254,813.31.

Zoom Communications Trading Up 2.0%

Shares of ZM stock traded up $1.83 during trading hours on Monday, reaching $91.71. 2,657,744 shares of the company's stock were exchanged, compared to its average volume of 3,816,969. The stock's 50 day moving average is $94.50 and its 200-day moving average is $92.12. The company has a market cap of $26.76 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 4.01 and a beta of 1.02. Zoom Communications, Inc. has a fifty-two week low of $70.70 and a fifty-two week high of $114.74.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.48 by $0.07. Zoom Communications had a return on equity of 10.86% and a net margin of 65.19%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business posted $1.53 EPS. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. Zoom Communications has set its FY 2027 guidance at 6.080-6.120 EPS and its Q3 2027 guidance at 1.460-1.480 EPS. Equities analysts anticipate that Zoom Communications, Inc. will post 4.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Oppenheimer upgraded Zoom Communications from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a research note on Wednesday, October 21st. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $130.00 price objective on shares of Zoom Communications in a research report on Wednesday, October 21st. Yorkville Ives assumed coverage on shares of Zoom Communications in a research note on Tuesday, October 6th. They issued an "outperform" rating and a $120.00 target price for the company. KeyCorp reissued a "sector weight" rating on shares of Zoom Communications in a research report on Wednesday, August 26th. Finally, Rosenblatt Securities restated a "buy" rating and set a $130.00 price target on shares of Zoom Communications in a research note on Wednesday, October 21st. Sixteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.48.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ZM. Thurston Springer Miller Herd & Titak Inc. boosted its position in Zoom Communications by 133.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company's stock valued at $30,000 after buying an additional 200 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its position in Zoom Communications by 400.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 500 shares of the company's stock worth $43,000 after buying an additional 400 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in Zoom Communications by 133.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 477 shares of the company's stock valued at $43,000 after acquiring an additional 273 shares during the period. Provenance Wealth Advisors LLC acquired a new stake in Zoom Communications during the 3rd quarter valued at approximately $43,000. Finally, Fortitude Family Office LLC boosted its holdings in shares of Zoom Communications by 27.2% in the 3rd quarter. Fortitude Family Office LLC now owns 533 shares of the company's stock valued at $48,000 after acquiring an additional 114 shares during the last quarter. 66.54% of the stock is owned by institutional investors and hedge funds.

About Zoom Communications

Zoom Communications provides cloud-based collaboration and communications software for businesses, organizations and individual users. Its products include Zoom Meetings for video conferencing, Zoom Team Chat, Zoom Phone, Zoom Rooms and tools for webinars and online events. The company also offers Zoom Contact Center and other services designed to support customer interactions and workplace collaboration.

Founded in 2011 by Eric Yuan, Zoom became widely known for its video-conferencing service.

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