Velchamy Sankarlingam Sells 7,660 Shares of Zoom Communications (NASDAQ:ZM) Stock

Key Points

• Velchamy Sankarlingam sold 7,660 shares of Zoom Communications stock for $628,120, decreasing his ownership by 5.45%, leaving him with 132,795 shares valued at approximately $10.89 million.
• Zoom Communications reported a missed earnings consensus for the last quarter, with an EPS of $0.99 compared to estimates of $1.38, though revenue was slightly above expectations at $1.22 billion.
• Several analysts have set new price targets for Zoom, with Stifel Nicolaus raising their target from $80.00 to $90.00 and Royal Bank of Canada setting a target of $100.00, reflecting varied opinions on the stock's performance.

Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) insider Velchamy Sankarlingam sold 7,660 shares of the stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $82.00, for a total transaction of $628,120.00. Following the completion of the transaction, the insider owned 132,795 shares of the company's stock, valued at approximately $10,889,190. The trade was a 5.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Velchamy Sankarlingam also recently made the following trade(s):

• On Wednesday, September 10th, Velchamy Sankarlingam sold 2,595 shares of Zoom Communications stock. The shares were sold at an average price of $85.09, for a total transaction of $220,808.55.

Zoom Communications Trading Up 0.2%

Shares of NASDAQ ZM traded up $0.15 during mid-day trading on Tuesday, reaching $79.32. The company had a trading volume of 2,089,039 shares, compared to its average volume of 2,862,343. Zoom Communications, Inc. has a 52 week low of $64.41 and a 52 week high of $92.80. The business's 50-day moving average is $80.08 and its 200-day moving average is $77.72. The stock has a market cap of $24.00 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 10.80 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.39). Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business earned $1.39 EPS. Zoom Communications's revenue for the quarter was up 4.7% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.810-5.840 EPS. Q3 2026 guidance at 1.420-1.44 EPS. As a group, equities research analysts forecast that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Institutional Trading of Zoom Communications

Institutional investors have recently bought and sold shares of the company. Yousif Capital Management LLC increased its stake in Zoom Communications by 31.9% in the 1st quarter. Yousif Capital Management LLC now owns 4,453 shares of the company's stock valued at $328,000 after buying an additional 1,076 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its stake in Zoom Communications by 10.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 3,895 shares of the company's stock worth $287,000 after purchasing an additional 379 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Zoom Communications by 22.1% in the first quarter. Janney Montgomery Scott LLC now owns 22,706 shares of the company's stock valued at $1,675,000 after acquiring an additional 4,106 shares during the period. Adero Partners LLC increased its position in shares of Zoom Communications by 701.5% during the first quarter. Adero Partners LLC now owns 44,153 shares of the company's stock valued at $3,257,000 after buying an additional 38,644 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in Zoom Communications by 28.8% during the first quarter. QRG Capital Management Inc. now owns 20,532 shares of the company's stock worth $1,515,000 after acquiring an additional 4,590 shares in the last quarter. Institutional investors own 66.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Zoom Communications from $80.00 to $90.00 and gave the company a "hold" rating in a research report on Thursday, September 18th. Royal Bank Of Canada reissued an "outperform" rating and set a $100.00 price target on shares of Zoom Communications in a research report on Thursday, September 18th. Zacks Research upgraded shares of Zoom Communications from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 18th. KeyCorp decreased their price target on Zoom Communications from $73.00 to $69.00 and set an "underweight" rating for the company in a research note on Friday, August 22nd. Finally, Piper Sandler restated a "neutral" rating and set a $85.00 target price on shares of Zoom Communications in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock 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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