Zoom Communications (NASDAQ:ZM) CEO Sells $6,065,104.95 in Stock

Key Points

• Eric Yuan, CEO of Zoom Communications, sold 73,383 shares of the company's stock for approximately $6.07 million on October 22nd, at an average price of $82.65 per share.
• Zoom's stock is currently trading at $84.28, with a twelve-month high of $92.80 and a market capitalization of $25.50 billion.
• Institutional investors own 66.54% of Zoom Communications, with significant increases in stakes from various investment firms during the first quarter of the year.

Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) CEO Eric Yuan sold 73,383 shares of the company's stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $82.65, for a total value of $6,065,104.95. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Zoom Communications Stock Performance

NASDAQ:ZM traded up $1.49 during trading hours on Friday, hitting $84.28. 2,904,475 shares of the company's stock traded hands, compared to its average volume of 2,807,285. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $92.80. The stock's fifty day moving average price is $81.47 and its two-hundred day moving average price is $78.13. The firm has a market cap of $25.50 billion, a P/E ratio of 22.24, a P/E/G ratio of 11.19 and a beta of 0.78.

Zoom Communications (NASDAQ:ZM - Get Free Report) last issued its earnings results on Thursday, August 21st. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company earned $1.39 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. 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, equities research analysts predict that Zoom Communications, Inc. will post 2.93 earnings per share for the current year.

Institutional Trading of Zoom Communications

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its stake in Zoom Communications by 18.5% in the 1st quarter. Principal Financial Group Inc. now owns 175,918 shares of the company's stock valued at $12,977,000 after buying an additional 27,430 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Zoom Communications by 15.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,928 shares of the company's stock valued at $880,000 after acquiring an additional 1,601 shares during the period. Spire Wealth Management grew its holdings in shares of Zoom Communications by 990.6% in the 1st quarter. Spire Wealth Management now owns 1,396 shares of the company's stock worth $103,000 after purchasing an additional 1,268 shares during the last quarter. Circle Wealth Management LLC grew its holdings in shares of Zoom Communications by 201.6% in the 1st quarter. Circle Wealth Management LLC now owns 20,391 shares of the company's stock worth $1,504,000 after purchasing an additional 13,629 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of Zoom Communications by 0.7% during 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. Institutional investors own 66.54% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ZM shares. Wedbush reaffirmed an "outperform" rating and issued a $95.00 target price on shares of Zoom Communications in a research report on Friday, August 22nd. UBS Group started coverage on Zoom Communications in a research report on Monday. They set a "neutral" rating and a $85.00 target price for the company. Robert W. Baird lowered their target price on shares of Zoom Communications from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Friday, August 22nd. Wall Street Zen upgraded Zoom Communications from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 28th. Finally, Mizuho increased their target price on Zoom Communications from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given 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, Zoom Communications currently has a consensus rating of "Hold" and an average price target 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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