Zoom Communications (NASDAQ:ZM) CEO Sells $2,687,273.92 in Stock

Key Points

• Zoom Communications CEO Eric Yuan sold 33,692 shares of the company's stock for a total of $2,687,273.92 at an average price of $79.76.
• Despite a revenue increase of 4.7% year-over-year, Zoom reported earnings of $0.99 per share, missing analyst expectations of $1.38.
• Institutional investors hold approximately 66.54% of Zoom's stock, with companies like Vanguard and State Street increasing their stake in the second quarter.

Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) CEO Eric Yuan sold 33,692 shares of the business's stock in a transaction on Monday, October 13th. The stock was sold at an average price of $79.76, for a total value of $2,687,273.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Zoom Communications Trading Up 0.2%

Shares of NASDAQ ZM traded up $0.19 during trading on Wednesday, reaching $79.51. The company had a trading volume of 2,346,825 shares, compared to its average volume of 2,822,743. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $92.80. The stock has a market capitalization of $24.06 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 10.80 and a beta of 0.78. The stock has a 50-day moving average price of $80.08 and a two-hundred day moving average price of $77.72.

Zoom Communications (NASDAQ:ZM - Get Free Report) last released its quarterly 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). Zoom Communications had a return on equity of 11.91% and a net margin of 24.99%.The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm earned $1.39 earnings per share. The business's revenue 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. On average, sell-side analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current year.

Institutional Investors Weigh In On Zoom Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZM. Vanguard Group Inc. boosted its position in Zoom Communications by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 24,951,437 shares of the company's stock valued at $1,945,713,000 after buying an additional 154,783 shares during the last quarter. State Street Corp lifted its stake in shares of Zoom Communications by 6.0% in the second quarter. State Street Corp now owns 7,189,501 shares of the company's stock worth $560,637,000 after acquiring an additional 410,051 shares in the last quarter. Norges Bank acquired a new position in shares of Zoom Communications in the second quarter worth about $539,998,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Zoom Communications by 0.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,421,733 shares of the company's stock worth $473,732,000 after acquiring an additional 36,210 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Zoom Communications by 0.5% in the second quarter. Geode Capital Management LLC now owns 4,795,307 shares of the company's stock worth $373,504,000 after acquiring an additional 23,910 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ZM. Mizuho lifted their price objective on Zoom Communications from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Tuesday, August 26th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $100.00 price objective on shares of Zoom Communications in a research report on Thursday, September 18th. William Blair reaffirmed an "outperform" rating on shares of Zoom Communications in a research report on Tuesday, September 30th. Wall Street Zen raised Zoom Communications from a "buy" rating to a "strong-buy" rating in a research report on Sunday, September 28th. Finally, Zacks Research upgraded Zoom Communications from a "hold" rating to a "strong-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 issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Zoom Communications currently has a consensus rating of "Hold" and a consensus target price of $91.74.

About Zoom Communications

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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