Zoom director Jonathan Chadwick sells $1.87 million in stock

Director Jonathan Chadwick of Zoom Communications (NASDAQ:ZM), a company currently valued at $22.5 billion with impressive gross profit margins of 76%, sold 25,000 shares of Class A Common Stock on July 15, 2025, for a total of $1.87 million. The sales were executed at a weighted average price of $74.8577, with individual transactions occurring in a price range of $74.37 to $75.02. According to InvestingPro analysis, Zoom’s stock is currently trading below its Fair Value.

On the same day, Chadwick also converted 25,000 shares of Class B Common Stock into Class A Common Stock. The price for the conversion was $0.

Following these transactions, Chadwick directly owns 5,875 shares of Zoom Communications.

The sales were conducted under a pre-arranged Rule 10b5-1 trading plan.

In other recent news, Zoom Communications announced the results of its 2025 Annual Meeting of Stockholders, where all proposed measures were approved. The election of Class III director nominees, including William R. McDermott, Michael Fenger, and Santiago Subotovsky, was confirmed. Additionally, KPMG LLP was ratified as the independent registered public accounting firm for the fiscal year ending January 31, 2026. In a strategic move, Zoom expanded its Zoom Phone service to four additional telecom circles in India, which now includes major hubs like Mumbai and Delhi NCR (NYSE:VYX). This expansion aims to meet the growing demand for cloud telephony solutions. Analyst firm Benchmark raised Zoom’s stock price target to $102, maintaining a Buy rating, following an upward revision in revenue forecasts. Piper Sandler also adjusted its price target to $85, acknowledging the traction of Zoom’s new products while maintaining a Neutral rating. Meanwhile, Stifel maintained its Hold rating with an $85 price target, citing stable performance but extended sales cycles among large U.S. customers. Despite these challenges, emerging products like Customer Experience and Workvivo are contributing positively to Zoom’s revenue growth.

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