Zoom Communications (NASDAQ:ZM) Stock: Insider Michelle Chang Sells 10,156 Shares

Key Points

• Zoom CFO Michelle Chang sold 10,156 shares at an average price of $101.93, worth approximately $1.04 million, reducing her holdings by 25.11%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Zoom shares recently traded at $95.77, near their 50-day and 200-day moving averages, with a market capitalization of about $27.94 billion. The stock remains below its one-year high of $114.74.
• Zoom exceeded quarterly earnings and revenue expectations, reporting $1.55 in EPS and $1.28 billion in revenue, while institutional investors own 66.54% of the stock. Analysts’ consensus rating is “Moderate Buy”, with an average price target of $114.48, though some firms maintain neutral or hold ratings.

Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) CFO Michelle Chang sold 10,156 shares of the stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $101.93, for a total value of $1,035,201.08. Following the transaction, the chief financial officer owned 30,282 shares in the company, valued at approximately $3,086,644.26. This trade represents a 25.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michelle Chang also recently made the following trade(s):

• On Monday, October 12th, Michelle Chang sold 8,489 shares of Zoom Communications stock. The shares were sold at an average price of $99.46, for a total value of $844,315.94.

Zoom Communications Price Performance

ZM traded down $0.43 during trading on Friday, hitting $95.77. The stock had a trading volume of 3,039,273 shares, compared to its average volume of 3,902,601. The company has a 50 day moving average price of $96.50 and a 200-day moving average price of $95.10. Zoom Communications, Inc. has a one year low of $70.70 and a one year high of $114.74. The firm has a market cap of $27.94 billion, a price-to-earnings ratio of 8.87, a P/E/G ratio of 4.59 and a beta of 1.03.

Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The company reported $1.55 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the business earned $1.53 EPS. The company's quarterly revenue 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. As a group, sell-side analysts predict that Zoom Communications, Inc. will post 4.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ZM. Atreides Management LP acquired a new stake in Zoom Communications during the first quarter worth about $105,761,000. Rubric Capital Management LP bought a new position in Zoom Communications in the 1st quarter valued at about $80,471,000. Bank of America Corp DE raised its position in shares of Zoom Communications by 50.5% in the 1st quarter. Bank of America Corp DE now owns 1,767,728 shares of the company's stock valued at $142,108,000 after buying an additional 592,899 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Zoom Communications in the 2nd quarter valued at approximately $43,925,000. Finally, KBC Group NV raised its position in shares of Zoom Communications by 69.1% in the 1st quarter. KBC Group NV now owns 1,193,027 shares of the company's stock valued at $95,907,000 after buying an additional 487,384 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Zoom Communications News Summary

Here are the key news stories impacting Zoom Communications this week:

• Positive Sentiment: Analyst support remains broad: Oppenheimer upgraded Zoom, while BTIG Research and RBC initiated or reiterated bullish ratings. Rosenblatt maintained a Buy rating, and Needham reaffirmed its Buy rating with a $130 price target, implying substantial upside from recent levels. Oppenheimer upgrades Zoom BTIG gives Zoom a Buy rating Rosenblatt maintains Buy rating RBC gives Zoom an Outperform rating
• Positive Sentiment: Zoomtopia highlighted a deeper AI push: Zoom introduced a unified context layer and additional AI tools designed to convert meeting discussions into completed work across Zoom Workplace, customer experience, developer tools, and events. The announcements support management’s effort to reaccelerate growth and improve the platform’s strategic value. Zoom AI strategy announcement
• Neutral Sentiment: Valuation arguments are mixed: Some analysis estimates ZM is undervalued following the AI announcements, while comparisons with other software stocks question whether it is currently the better value opportunity. Wells Fargo maintained a Hold rating, and Cantor Fitzgerald reiterated Neutral, limiting the overall bullish signal. Wells Fargo maintains Hold rating
• Negative Sentiment: Near-term sentiment has been pressured: Zoom’s stock recently declined more sharply than the broader market. Commentary also cautions that the shares may trade at a discount after the AI push if investors remain uncertain about monetization, execution, or the pace of revenue growth. Zoom stock valuation after AI push

Wall Street Analyst Weigh In

ZM has been the subject of several analyst reports. Sanford C. Bernstein reiterated a "market perform" rating and issued a $108.00 price objective on shares of Zoom Communications in a research note on Wednesday, August 26th. Royal Bank Of Canada restated an "outperform" rating and set a $130.00 target price on shares of Zoom Communications in a research report on Wednesday. BTIG Research reaffirmed a "buy" rating and set a $125.00 target price on shares of Zoom Communications in a report on Wednesday. Cantor Fitzgerald reiterated a "neutral" rating and issued a $104.00 price target on shares of Zoom Communications in a research report on Wednesday. Finally, Citizens Jmp reiterated a "market perform" rating on shares of Zoom Communications in a research note on Wednesday, August 26th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Zoom Communications presently has an average rating of "Moderate Buy" and an average price target of $114.48.

Zoom Communications Company Profile

Zoom Communications, Inc NASDAQ: ZM is a communications technology company that provides cloud-based collaboration and customer engagement solutions. Founded in 2011 and headquartered in San Jose, California, the company is best known for Zoom Meetings, its videoconferencing platform for online meetings, webinars and virtual events.

The company's product portfolio also includes Zoom Phone, a cloud-based business phone service; Zoom Team Chat; Zoom Rooms for hybrid meeting spaces; Zoom Whiteboard; and Zoom Contact Center.

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