Zoom shares climb as investors revisit potential value of its Anthropic stake

Zoom Communications, Inc. (ZM) is up 6.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks tied to renewed interest in Zoom’s strategic investment exposure to AI company Anthropic, which some analysts have argued could be worth several billion dollars and meaningful relative to Zoom’s market value. Continued strong momentum signals around Anthropic’s business, along with Zoom’s sizable cash balance and ongoing repurchases, may be amplifying risk-on sentiment in the stock.

Details:

An analyst at Baird highlighted that Zoom’s 2023 investment in Anthropic (about $51 million at the time) could translate into a multibillion-dollar stake, with estimates in the $2–$4 billion range depending on dilution assumptions.

Anthropic has cited rapid growth, including a revenue run-rate update and an expanded infrastructure partnership framework to support scaling demand for its Claude offerings.

Zoom’s latest reported annual results showed a large cash and marketable securities position (about $7.8 billion as of January 31, 2026), giving it flexibility for buybacks and investment.

Zoom also disclosed significant share repurchases during fiscal 2026 and noted remaining authorization under its repurchase program, which can provide incremental support on up days when sentiment improves.

Sources:

Nasdaq, Bloomberg, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ZM Insider Trading Activity

$ZM insiders have traded $ZM stock on the open market 89 times in the past 6 months. Of those trades, 0 have been purchases and 89 have been sales.

Here’s a breakdown of recent trading of $ZM stock by insiders over the last 6 months:

ERIC S. YUAN (Chief Executive Officer) has made 0 purchases and 48 sales selling 609,133 shares for an estimated $51,435,778.
APARNA BAWA (Chief Operating Officer) has made 0 purchases and 4 sales selling 25,023 shares for an estimated $2,116,663.
VELCHAMY SANKARLINGAM (Pres. of Engineering & Product) has made 0 purchases and 7 sales selling 20,398 shares for an estimated $1,738,773.
SANTIAGO SUBOTOVSKY has made 0 purchases and 24 sales selling 17,406 shares for an estimated $1,488,745.
MICHELLE CHANG (Chief Financial Officer) has made 0 purchases and 6 sales selling 16,906 shares for an estimated $1,418,754.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

$ZM Hedge Fund Activity

We have seen 376 institutional investors add shares of $ZM stock to their portfolio, and 374 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 7,563,303 shares (-72.6%) from their portfolio in Q4 2025, for an estimated $652,637,415
AQR CAPITAL MANAGEMENT LLC added 3,718,186 shares (+43.9%) to their portfolio in Q4 2025, for an estimated $320,842,269
FMR LLC added 1,439,621 shares (+13.9%) to their portfolio in Q4 2025, for an estimated $124,224,896
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 1,231,810 shares (-28.7%) from their portfolio in Q4 2025, for an estimated $106,292,884
QUANTINNO CAPITAL MANAGEMENT LP added 1,148,277 shares (+inf%) to their portfolio in Q4 2025, for an estimated $99,084,822
VANGUARD GROUP INC added 1,029,623 shares (+4.0%) to their portfolio in Q4 2025, for an estimated $88,846,168
NORGES BANK removed 1,016,983 shares (-14.7%) from their portfolio in Q4 2025, for an estimated $87,755,463

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$ZM Analyst Ratings

Wall Street analysts have issued reports on $ZM in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 01/12/2026
Needham issued a "Buy" rating on 11/25/2025
Wedbush issued a "Outperform" rating on 11/25/2025
Rosenblatt issued a "Buy" rating on 11/25/2025
RBC Capital issued a "Outperform" rating on 11/25/2025
Jefferies issued a "Buy" rating on 11/25/2025

To track analyst ratings and price targets for $ZM, check out Quiver Quantitative's $ZM forecast page.

$ZM Price Targets

Multiple analysts have issued price targets for $ZM recently. We have seen 14 analysts offer price targets for $ZM in the last 6 months, with a median target of $97.5.

Here are some recent targets:

Joshua Reilly from Needham set a target price of $100.0 on 03/13/2026
Catharine Trebnick from Rosenblatt set a target price of $115.0 on 02/26/2026
Jackson Ader from Keybanc set a target price of $74.0 on 02/26/2026
Peter Weed from Bernstein set a target price of $88.0 on 02/26/2026
Allan Verkhovski from BTIG set a target price of $100.0 on 02/26/2026
Matthew Harrigan from Benchmark set a target price of $110.0 on 02/24/2026
Tyler Radke from Citigroup set a target price of $106.0 on 01/12/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.