State Board of Administration of Florida Retirement System Purchases 3,010 Shares of Zoom Communications, Inc. $ZM

State Board of Administration of Florida Retirement System increased its holdings in Zoom Communications by 1.2% in Q2, acquiring 3,010 additional shares, totaling 258,208 shares worth $20.135 million. Institutional investors own 66.54% of Zoom's stock. Zoom's recent earnings report showed $1.52 EPS and $1.23 billion revenue, beating estimates. Analysts have mixed ratings on Zoom, with a consensus rating of 'Hold' and an average price target of $92.43.

State Board of Administration of Florida Retirement System lifted its holdings in Zoom Communications, Inc. (NASDAQ:ZM - Free Report) by 1.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 258,208 shares of the company's stock after acquiring an additional 3,010 shares during the period. State Board of Administration of Florida Retirement System owned 0.09% of Zoom Communications worth $20,135,000 at the end of the most recent reporting period.

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Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SouthState Corp purchased a new position in Zoom Communications during the 1st quarter valued at approximately $25,000. Elevation Point Wealth Partners LLC bought a new stake in Zoom Communications in the second quarter worth $27,000. REAP Financial Group LLC lifted its position in Zoom Communications by 181.7% during the second quarter. REAP Financial Group LLC now owns 355 shares of the company's stock valued at $28,000 after purchasing an additional 229 shares during the last quarter. GKV Capital Management Co. Inc. purchased a new position in shares of Zoom Communications in the 1st quarter worth $31,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Zoom Communications in the 2nd quarter worth $31,000. Institutional investors own 66.54% of the company's stock.

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Zoom Communications Trading Up 0.6%

NASDAQ:ZM opened at $84.93 on Monday. The company has a market cap of $25.69 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 7.70 and a beta of 0.81. Zoom Communications, Inc. has a twelve month low of $64.41 and a twelve month high of $91.04. The stock has a fifty day simple moving average of $82.54 and a 200-day simple moving average of $79.72.

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Zoom Communications (NASDAQ:ZM - Get Free Report) last posted its quarterly earnings results on Monday, November 24th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.44 by $0.08. Zoom Communications had a net margin of 33.17% and a return on equity of 12.20%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $1.38 EPS. The firm's revenue was up 4.4% compared to the same quarter last year. Zoom Communications has set its FY 2026 guidance at 5.950-5.970 EPS. Q4 2026 guidance at 1.480-1.490 EPS. As a group, equities research analysts predict that Zoom Communications, Inc. will post 2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on ZM shares. Piper Sandler reaffirmed a "neutral" rating and issued a $85.00 price target on shares of Zoom Communications in a report on Friday, August 22nd. Wall Street Zen cut Zoom Communications from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 15th. Sanford C. Bernstein restated a "market perform" rating and set a $90.00 price target on shares of Zoom Communications in a report on Tuesday, November 25th. Jefferies Financial Group raised their price target on Zoom Communications from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, November 25th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $100.00 target price on shares of Zoom Communications in a research note on Tuesday, November 25th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $92.43.

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Read Our Latest Report on ZM

Insider Buying and Selling at Zoom Communications

In other Zoom Communications news, insider Velchamy Sankarlingam sold 7,660 shares of Zoom Communications stock in a transaction on 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 sale, the insider directly owned 132,795 shares of the company's stock, valued at $10,889,190. The trade was a 5.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Santiago Subotovsky sold 2,475 shares of the company's stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $84.15, for a total value of $208,271.25. Following the completion of the sale, the director owned 150,169 shares of the company's stock, valued at $12,636,721.35. This represents a 1.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 389,373 shares of company stock valued at $32,311,579. 10.78% of the stock is owned by corporate insiders.

Zoom Communications Company Profile

(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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