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Director Herbert Raymond (NSE:RYMD) McMaster of Zoom Communications (NASDAQ:ZM), a company currently valued at $22.5 billion with an impressive "GOOD" Financial Health score according to InvestingPro, sold 500 shares of Class A Common Stock on July 14, 2025. The shares were sold at a price of $75.0, for a total transaction value of $37,500.
Following the transaction, McMaster directly owns 10,901 shares of Zoom Communications.
The sale was executed under a Rule 10b5-1 trading plan.
In other recent news, Zoom Communications reported financial results that slightly exceeded expectations for the first quarter of fiscal year 2026, prompting Benchmark to raise its stock price target to $102 while maintaining a Buy rating. Piper Sandler also adjusted its outlook, increasing the price target to $85 from $77, although it retained a Neutral rating. Stifel maintained its Hold rating with a consistent price target of $85, highlighting the stable performance in Zoom’s Online and Enterprise segments despite extended sales cycles with some large U.S. customers. Zoom’s management has introduced a conservative outlook in their guidance, considering current economic uncertainties.
Additionally, Zoom expanded its Zoom Phone service to four more telecom circles in India, now covering six major business hubs, demonstrating its commitment to meeting the growing demand for cloud telephony solutions. In corporate governance news, Zoom stockholders approved all proposals at the 2025 Annual Meeting, including the election of directors and the ratification of KPMG LLP as the independent accounting firm. The company has also been active in share repurchases, a move viewed positively by analysts. These developments reflect Zoom’s ongoing efforts to adapt and innovate in a challenging economic environment.
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