Michelle Chang Sells 33,956 Shares of Zoom Communications (NASDAQ:ZM) Stock

Key Points

• Michelle Chang, CFO of Zoom Communications, sold 33,956 shares on October 10th, equating to a total transaction of $2,784,392 and reducing her ownership by 62.31%.
• Zoom's last earnings report showed earnings per share of $0.99, missing the analysts' estimates of $1.38, but revenue was up 4.7% year-over-year.
• Analysts set an average price target for Zoom Communications at $91.74, with ratings ranging from "Strong Buy" to "Sell".

Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) CFO Michelle Chang sold 33,956 shares of the firm's stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $2,784,392.00. Following the sale, the chief financial officer owned 20,539 shares of the company's stock, valued at $1,684,198. This trade represents a 62.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Zoom Communications Stock Performance

Shares of NASDAQ ZM traded up $0.15 during trading hours on Tuesday, reaching $79.32. 2,089,039 shares of the stock were exchanged, compared to its average volume of 2,825,186. The firm has a market capitalization of $24.00 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 10.98 and a beta of 0.78. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $92.80. The stock's fifty day simple moving average is $79.93 and its 200 day simple moving average is $77.71.

Zoom Communications (NASDAQ:ZM - Get Free Report) last announced its earnings results on Thursday, August 21st. The company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.39). The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.20 billion. Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.Zoom Communications's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. Research analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Wynn Capital LLC lifted its stake in Zoom Communications by 1.3% in the 3rd quarter. Wynn Capital LLC now owns 10,429 shares of the company's stock valued at $860,000 after buying an additional 130 shares in the last quarter. Wedmont Private Capital lifted its stake in Zoom Communications by 4.1% in the 2nd quarter. Wedmont Private Capital now owns 3,499 shares of the company's stock worth $271,000 after purchasing an additional 137 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Zoom Communications by 6.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,293 shares of the company's stock worth $172,000 after purchasing an additional 143 shares in the last quarter. Penserra Capital Management LLC lifted its stake in 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 in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in Zoom Communications by 0.7% in the 1st quarter. New York State Teachers Retirement System now owns 24,298 shares of the company's stock worth $1,792,000 after purchasing an additional 171 shares in the last quarter. 66.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ZM has been the subject of several recent research reports. Wells Fargo & Company initiated coverage on Zoom Communications in a research note on Tuesday, September 30th. They issued an "equal weight" rating and a $90.00 price target for the company. Piper Sandler reiterated a "neutral" rating and issued a $85.00 price target on shares of Zoom Communications in a research note on Friday, August 22nd. Mizuho boosted their price target on Zoom Communications from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price target on shares of Zoom Communications in a research note on Thursday, September 18th. Finally, Benchmark boosted their price target on Zoom Communications from $102.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Zoom Communications presently has a consensus rating of "Hold" and an average price target of $91.74.

Zoom Communications Company Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.

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