Zoom Communications (NASDAQ:ZM) Director Santiago Subotovsky Sells 7,911 Shares of Stock

Key Points

• Zoom director Santiago Subotovsky sold 7,911 shares at an average price of $101.33, generating approximately $801,622. The transaction, conducted under a Rule 10b5-1 trading plan, reduced his direct ownership by 5.86% to 127,060 shares.
• Zoom shares recently traded at $101.30, up 0.7%, while the company reported quarterly EPS of $1.55 and revenue of $1.24 billion, exceeding analyst expectations.
• Institutional investors own 66.54% of Zoom, and Wall Street maintains a “Moderate Buy” consensus with an average price target of $109.33.

Zoom Communications, Inc. (NASDAQ:ZM - Get Free Report) Director Santiago Subotovsky sold 7,911 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $101.33, for a total value of $801,621.63. Following the completion of the transaction, the director directly owned 127,060 shares in the company, valued at approximately $12,874,989.80. The trade was a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Santiago Subotovsky also recently made the following trade(s):

• On Wednesday, July 1st, Santiago Subotovsky sold 2,637 shares of Zoom Communications stock. The stock was sold at an average price of $90.15, for a total value of $237,725.55.
• On Monday, June 1st, Santiago Subotovsky sold 5,274 shares of Zoom Communications stock. The shares were sold at an average price of $109.78, for a total value of $578,979.72.

Zoom Communications Stock Up 0.7%

Shares of Zoom Communications stock traded up $0.66 on Thursday, reaching $101.30. 2,015,939 shares of the stock were exchanged, compared to its average volume of 4,219,261. The business has a 50 day moving average price of $92.52 and a two-hundred day moving average price of $89.62. The firm has a market capitalization of $29.70 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 5.48 and a beta of 1.00. Zoom Communications, Inc. has a twelve month low of $69.15 and a twelve month high of $114.74.

Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.13. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Zoom Communications had a net margin of 41.99% and a return on equity of 11.87%. Zoom Communications's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $1.43 EPS. Zoom Communications has set its FY 2027 guidance at 5.960-6.000 EPS and its Q2 2027 guidance at 1.450-1.470 EPS. Research analysts forecast that Zoom Communications, Inc. will post 4.21 EPS for the current year.

Institutional Investors Weigh In On Zoom Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZM. Norges Bank purchased a new position in shares of Zoom Communications in the fourth quarter valued at approximately $509,788,000. AQR Capital Management LLC raised its stake in Zoom Communications by 43.9% in the 4th quarter. AQR Capital Management LLC now owns 12,195,243 shares of the company's stock valued at $1,052,328,000 after purchasing an additional 3,718,186 shares during the last quarter. Atreides Management LP acquired a new position in Zoom Communications in the 1st quarter valued at $105,761,000. Two Sigma Investments LP purchased a new position in Zoom Communications in the 3rd quarter valued at $86,709,000. Finally, Vanguard Group Inc. lifted its holdings in Zoom Communications by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 26,967,224 shares of the company's stock valued at $2,327,002,000 after purchasing an additional 1,029,623 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ZM shares. BTIG Research upped their target price on Zoom Communications from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, May 22nd. Rosenblatt Securities reissued a "buy" rating and issued a $130.00 price target on shares of Zoom Communications in a report on Thursday, July 23rd. Robert W. Baird upped their price objective on Zoom Communications from $95.00 to $105.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 19th. KeyCorp raised shares of Zoom Communications from an "underweight" rating to a "sector weight" rating in a research note on Friday, May 22nd. Finally, Jefferies Financial Group lifted their target price on shares of Zoom Communications from $105.00 to $118.00 and gave the company a "buy" rating in a report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $109.33.

Zoom Communications Company Profile

Zoom Video Communications, Inc (commonly referred to as Zoom) is a provider of cloud-based communications and collaboration solutions. The company's platform supports video conferencing, voice calling, instant messaging, webinars and large-scale virtual events, and meeting room systems, marketed to businesses, educational institutions, government organizations and individual users. Zoom's product lineup includes Zoom Meetings, Zoom Phone, Zoom Rooms, Zoom Video Webinars and Zoom Chat, and the company offers integrations and extensions through a developer marketplace and third-party apps.

Founded in 2011 by Eric S.

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