Zoom Communications (NASDAQ:ZM) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Zoom Communications, Inc. NASDAQ: ZM. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Zoom Communications stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Zoom Communications Stock Performance

Shares of NASDAQ:ZM traded down $0.81 during midday trading on Friday, reaching $74.82. The company had a trading volume of 1,935,247 shares, compared to its average volume of 2,664,000. Zoom Communications, Inc. has a 1-year low of $55.06 and a 1-year high of $92.80. The firm has a market cap of $22.64 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 12.46 and a beta of 0.68. The company has a fifty day simple moving average of $78.17 and a two-hundred day simple moving average of $77.96.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.13. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.17 billion. Zoom Communications had a return on equity of 11.08% and a net margin of 22.31%. Zoom Communications's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 earnings per share. Analysts expect that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on ZM shares. Wall Street Zen upgraded Zoom Communications from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Mizuho cut their price target on Zoom Communications from $105.00 to $71.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Needham & Company LLC raised Zoom Communications from a "hold" rating to a "moderate buy" rating and set a $100.00 price target for the company in a research note on Thursday, May 22nd. Piper Sandler raised their price target on Zoom Communications from $77.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Zoom Communications in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $87.00.

Institutional Investors Weigh In On Zoom Communications

Hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Teachers Retirement System boosted its holdings in Zoom Communications by 5.3% during the fourth quarter. New York State Teachers Retirement System now owns 24,127 shares of the company's stock valued at $1,969,000 after purchasing an additional 1,206 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Zoom Communications by 26.9% during the 4th quarter. Principal Securities Inc. now owns 783 shares of the company's stock worth $64,000 after buying an additional 166 shares during the period. Principal Financial Group Inc. grew its position in Zoom Communications by 768.1% in the fourth quarter. Principal Financial Group Inc. now owns 148,488 shares of the company's stock valued at $12,118,000 after acquiring an additional 131,383 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Zoom Communications by 13.4% during the fourth quarter. CIBC Asset Management Inc now owns 10,331 shares of the company's stock valued at $843,000 after acquiring an additional 1,223 shares during the period. Finally, Truist Financial Corp boosted its stake in shares of Zoom Communications by 5.1% in the 4th quarter. Truist Financial Corp now owns 6,120 shares of the company's stock valued at $499,000 after purchasing an additional 297 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.

Insider Buying and Selling

In other Zoom Communications news, COO Aparna Bawa sold 10,528 shares of Zoom Communications stock in a transaction on Monday, July 14th. The stock was sold at an average price of $74.78, for a total value of $787,283.84. Following the completion of the transaction, the chief operating officer owned 1,978 shares in the company, valued at approximately $147,914.84. The trade was a 84.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan Chadwick sold 25,000 shares of Zoom Communications stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $74.86, for a total value of $1,871,500.00. Following the completion of the transaction, the director owned 5,875 shares of the company's stock, valued at approximately $439,802.50. The trade was a 80.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,017 shares of company stock worth $6,804,703 in the last three months. Company insiders own 11.51% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.