Zoom slides 5.9% as leadership-change headlines and renewed guidance scrutiny weigh on sentiment

Zoom Communications (ZM) is down 5.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to a mix of lingering post-earnings skepticism around Zoom’s growth and profit outlook plus fresh executive-turnover headlines that can pressure sentiment in large-cap software names. A recent analyst price-target trim may also have amplified the move as investors reassessed valuation after Zoom’s last quarterly update.

Details:

Zoom’s latest quarterly update included fiscal 2027 guidance, with full-year revenue expected in the roughly $5.065B–$5.075B range and non-GAAP EPS expected in the roughly $5.77–$5.81 range.

Zoom also highlighted ongoing capital returns, including share repurchases during its most recent fiscal year, which can support the stock but may not offset concerns about modest topline growth.

Zoom disclosed that Chief Operating Officer Aparna Bawa planned to resign effective May 8, 2026, and stated the departure was not tied to a disagreement with the company.

Separately, Intel announced Bawa’s appointment as its executive vice president and chief legal & people officer, reinforcing investor focus on Zoom’s leadership transition.

Sources:

Zoom Investor Relations (SEC filing), Intel Newsroom, The Fly

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 76 times in the past 6 months. Of those trades, 0 have been purchases and 76 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 46 sales selling 704,390 shares for an estimated $59,333,312.
MICHELLE CHANG (Chief Financial Officer) has made 0 purchases and 4 sales selling 42,373 shares for an estimated $3,512,741.
APARNA BAWA (Chief Operating Officer) has made 0 purchases and 4 sales selling 22,665 shares for an estimated $1,827,413.
VELCHAMY SANKARLINGAM (Pres. of Engineering & Product) has made 0 purchases and 6 sales selling 20,413 shares for an estimated $1,713,703.
SANTIAGO SUBOTOVSKY has made 0 purchases and 16 sales selling 12,375 shares for an estimated $1,049,458.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$ZM Hedge Fund Activity

We have seen 411 institutional investors add shares of $ZM stock to their portfolio, and 307 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.

$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 15 analysts offer price targets for $ZM in the last 6 months, with a median target of $95.0.

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.