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

Key Points

• Zoom director Santiago Subotovsky sold 2,637 shares at an average price of $93.74, generating $247,192.38. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his stake by 2.12% to 121,786 shares.
• Zoom shares rose 0.6% to $94.79, with the company valued at approximately $27.66 billion. The stock has traded between $70.70 and $114.74 over the past year.
• Zoom recently exceeded quarterly earnings and revenue expectations, reporting $1.55 in adjusted EPS and $1.28 billion in revenue. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $113.62.

Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) Director Santiago Subotovsky sold 2,637 shares of the firm's stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $93.74, for a total value of $247,192.38. Following the transaction, the director owned 121,786 shares in the company, valued at approximately $11,416,219.64. This trade represents a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The shares were sold at an average price of $96.63, for a total value of $254,813.31.
• On Tuesday, August 4th, Santiago Subotovsky sold 7,911 shares of Zoom Communications stock. The shares were sold at an average price of $101.33, for a total transaction of $801,621.63.

Zoom Communications Stock Up 0.6%

Zoom Communications stock traded up $0.59 during midday trading on Wednesday, hitting $94.79. 2,342,017 shares of the stock were exchanged, compared to its average volume of 3,962,793. The stock has a market capitalization of $27.66 billion, a PE ratio of 8.78, a P/E/G ratio of 4.32 and a beta of 1.03. The company has a fifty day simple moving average of $97.59 and a two-hundred day simple moving average of $93.59. Zoom Communications, Inc. has a 52 week low of $70.70 and a 52 week high of $114.74.

Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its earnings results 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. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Zoom Communications had a net margin of 65.19% and a return on equity of 10.86%. The business's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $1.53 earnings per share. 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, equities research analysts anticipate that Zoom Communications, Inc. will post 4.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. 3Chopt Investment Partners LLC increased its position in shares of Zoom Communications by 1.6% during the first quarter. 3Chopt Investment Partners LLC now owns 7,370 shares of the company's stock valued at $592,000 after acquiring an additional 119 shares in the last quarter. Rexford Capital Inc. boosted its stake in Zoom Communications by 45.7% during the 1st quarter. Rexford Capital Inc. now owns 389 shares of the company's stock valued at $31,000 after purchasing an additional 122 shares during the last quarter. Prudential PLC increased its holdings in shares of Zoom Communications by 5.7% in the 4th quarter. Prudential PLC now owns 3,040 shares of the company's stock worth $262,000 after purchasing an additional 164 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Zoom Communications by 133.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 350 shares of the company's stock valued at $30,000 after acquiring an additional 200 shares during the period. Finally, Investment Research Partners LLC boosted its holdings in shares of Zoom Communications by 6.4% during the 4th quarter. Investment Research Partners LLC now owns 3,391 shares of the company's stock valued at $293,000 after acquiring an additional 203 shares during the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Analyst Ratings Changes

ZM has been the subject of several recent analyst reports. BTIG Research restated a "buy" rating and issued a $125.00 price target on shares of Zoom Communications in a report on Monday, August 24th. Jefferies Financial Group cut their price objective on Zoom Communications from $118.00 to $116.00 and set a "buy" rating on the stock in a report on Wednesday, August 26th. Rosenblatt Securities reissued a "buy" rating and set a $130.00 target price on shares of Zoom Communications in a research note on Friday, August 21st. Royal Bank Of Canada restated an "outperform" rating and set a $130.00 target price on shares of Zoom Communications in a report on Wednesday, August 26th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Zoom Communications in a research note on Wednesday, August 26th. Fourteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $113.62.

About Zoom Communications

Zoom Communications, Inc NASDAQ: ZM, formerly known as Zoom Video Communications, is a cloud-based communications and collaboration technology company. Its platform enables organizations and individuals to connect through video meetings, voice communications, messaging, webinars and other digital collaboration tools.

The company's Zoom Workplace platform includes products such as Zoom Meetings, Zoom Phone, Team Chat, Whiteboard and Zoom Rooms. Zoom also provides Zoom Contact Center, Zoom Events and other tools designed to support customer engagement, employee collaboration and hybrid work.

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