Zoom shares surge as Q1 results beat expectations and full-year outlook rises

Zoom Communications, Inc. (ZM) is up 12.1% today. Here is some analysis on what might have caused this price movement.

Analysis: Zoom’s rally appears tied to its fiscal Q1 2027 earnings report, which beat consensus expectations and included higher full-year forecasts. Investors also seemed encouraged by commentary and positioning around AI-driven features that could help defend pricing and support enterprise demand.

Details:

Zoom reported first quarter fiscal 2027 results for the period ended April 30, 2026, with revenue of about $1.24 billion and non-GAAP EPS of about $1.55, both ahead of typical analyst estimates.

The company lifted its full-year fiscal 2027 outlook, including revenue guidance around $5.08–$5.09 billion and adjusted EPS guidance around $5.96–$6.00.

Zoom also guided for second quarter fiscal 2027 revenue of roughly $1.265–$1.270 billion, reinforcing the narrative of steady growth versus prior expectations.

After the earnings release, at least one Wall Street firm raised its price target, which may have added momentum to the post-results move.

Sources:

GlobeNewswire, Investing.com, StreetInsider

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 90 times in the past 6 months. Of those trades, 0 have been purchases and 90 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 44 sales selling 339,821 shares for an estimated $29,504,907.
APARNA BAWA (Chief Operating Officer) has made 0 purchases and 4 sales selling 25,023 shares for an estimated $2,116,663.
SANTIAGO SUBOTOVSKY has made 0 purchases and 29 sales selling 22,848 shares for an estimated $2,114,424.
VELCHAMY SANKARLINGAM (Pres. of Engineering & Product) has made 0 purchases and 7 sales selling 20,398 shares for an estimated $1,738,773.
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 insider transaction endpoint.

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$ZM Hedge Fund Activity

We have seen 392 institutional investors add shares of $ZM stock to their portfolio, and 459 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 4,134,300 shares (-35.1%) from their portfolio in Q1 2026, for an estimated $332,356,377
AQR CAPITAL MANAGEMENT LLC removed 3,833,232 shares (-31.4%) from their portfolio in Q1 2026, for an estimated $308,153,520
CITADEL ADVISORS LLC added 3,601,442 shares (+572.3%) to their portfolio in Q1 2026, for an estimated $289,519,922
ALYESKA INVESTMENT GROUP, L.P. added 2,844,498 shares (+974.6%) to their portfolio in Q1 2026, for an estimated $228,669,194
ACADIAN ASSET MANAGEMENT LLC removed 1,470,722 shares (-27.2%) from their portfolio in Q1 2026, for an estimated $118,231,341
QUBE RESEARCH & TECHNOLOGIES LTD removed 1,427,645 shares (-70.5%) from their portfolio in Q1 2026, for an estimated $114,768,381
ATREIDES MANAGEMENT, LP added 1,315,605 shares (+inf%) to their portfolio in Q1 2026, for an estimated $105,761,485

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 13F endpoint.

$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 16 analysts offer price targets for $ZM in the last 6 months, with a median target of $105.0.

Here are some recent targets:

James Fish from Piper Sandler set a target price of $107.0 on 05/22/2026
Allan Verkhovski from BTIG set a target price of $125.0 on 05/22/2026
Joshua Reilly from Needham set a target price of $130.0 on 05/22/2026
Catharine Trebnick from Rosenblatt set a target price of $130.0 on 05/22/2026
Siti Panigrahi from Mizuho set a target price of $120.0 on 05/22/2026
Matthew Harrigan from Benchmark set a target price of $121.0 on 05/21/2026
William Power from Baird set a target price of $105.0 on 05/19/2026

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.