Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Zoom Communications, Inc. NASDAQ: ZM. In a filing disclosed on July 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Zoom Communications stock on June 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
- Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
- Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
- Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 6/11/2025.
Zoom Communications Stock Performance
ZM traded up $0.25 during midday trading on Friday, hitting $74.85. The company had a trading volume of 6,503,212 shares, compared to its average volume of 2,942,572. The company has a market capitalization of $22.65 billion, a PE ratio of 22.48, a P/E/G ratio of 12.26 and a beta of 0.68. Zoom Communications, Inc. has a twelve month low of $55.06 and a twelve month high of $92.80. The firm's 50-day simple moving average is $78.80 and its 200-day simple moving average is $78.09.
Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its earnings results on Wednesday, May 21st. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.13. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.17 billion. Zoom Communications had a net margin of 22.31% and a return on equity of 11.08%. The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 EPS. As a group, sell-side analysts anticipate that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.
Institutional Trading of Zoom Communications
Several large investors have recently modified their holdings of ZM. Norges Bank bought a new position in shares of Zoom Communications in the 4th quarter worth $751,908,000. Altshuler Shaham Ltd lifted its holdings in shares of Zoom Communications by 285.9% in the 4th quarter. Altshuler Shaham Ltd now owns 2,056,277 shares of the company's stock worth $167,813,000 after purchasing an additional 1,523,480 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Zoom Communications by 24.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,385,523 shares of the company's stock worth $521,123,000 after purchasing an additional 1,247,717 shares in the last quarter. Contrarius Group Holdings Ltd bought a new position in shares of Zoom Communications in the 4th quarter worth $72,854,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Zoom Communications by 63.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,137,093 shares of the company's stock worth $166,651,000 after purchasing an additional 830,393 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on ZM. Benchmark reissued a "buy" rating and set a $97.00 price objective on shares of Zoom Communications in a research note on Tuesday, May 20th. Citigroup reduced their price objective on shares of Zoom Communications from $85.00 to $84.00 and set a "neutral" rating on the stock in a research note on Thursday, May 15th. JPMorgan Chase & Co. lifted their price objective on shares of Zoom Communications from $80.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Rosenblatt Securities lifted their price target on shares of Zoom Communications from $90.00 to $100.00 and gave the company a "buy" 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 investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $87.00.
Read Our Latest Analysis on ZM
Insider Buying and Selling
In other Zoom Communications news, CEO Eric S. Yuan sold 33,691 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $74.79, for a total transaction of $2,519,749.89. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Aparna Bawa sold 10,528 shares of the firm's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $74.78, for a total value of $787,283.84. Following the transaction, the chief operating officer owned 1,978 shares in the company, valued at approximately $147,914.84. This trade represents a 84.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,492 shares of company stock worth $6,991,392 over the last quarter. Corporate insiders own 10.78% of the company's stock.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Zoom Communications
(
Get Free Report)
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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