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Zoom Communications (NASDAQ:ZM) director Santiago Subotovsky sold 2,475 shares of Class A Common Stock on July 2, 2025, according to a Form 4 filing with the Securities and Exchange Commission. According to InvestingPro data, while this insider sale occurred, management has been actively buying back shares, and the company maintains impressive financial health with a current ratio of 4.57x. The shares were sold at a weighted average price of $77.1701, for a total value of $190,995.
The prices for the shares sold ranged from $76.725 to $77.595. The sale was executed under a Rule 10b5-1 trading plan adopted on December 19, 2024. Following the transaction, Subotovsky directly owns 157,235 shares and indirectly owns 1,470 shares held by the Subotovsky Mann Family Trust.
In other recent news, Zoom Communications has reported notable developments that may interest investors. The company slightly surpassed its first-quarter fiscal year 2026 guidance, leading Benchmark to raise the stock price target to $102 and maintain a Buy rating. Piper Sandler also increased its price target to $85, noting the traction of new products like CX and Workvivo, while maintaining a Neutral rating. Stifel kept its Hold rating with an $85 price target, observing stable trends in Zoom’s Online and Enterprise segments.
Additionally, Zoom expanded its Zoom Phone service to four more telecom circles in India, enhancing its presence in Mumbai, Delhi NCR (NYSE:VYX), Karnataka, and Andhra Pradesh & Telangana. This expansion is part of Zoom’s strategy to meet the growing demand for cloud telephony solutions. At its 2025 Annual Meeting of Stockholders, Zoom announced the election of directors and ratified KPMG LLP as its independent auditor. These updates reflect Zoom’s efforts to navigate a challenging economic environment while expanding its product offerings and maintaining operational stability.
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