Zoom Communications (ZM) CFO Chang Michelle Sells $844K of Stock
Zoom's Chief Financial Officer sold shares in a planned transaction, reflecting ongoing insider activity.
Reviewed by automated data checks against the source filing. How we make and check alerts
Chang Michelle, Chief Financial Officer at Zoom Communications, Inc. ($ZM), sold 8,489 shares at an average price of $99.46, worth about $844,340.56, on October 12, 2026. The trade was reported to the SEC in a Form 4 filing and was made under a pre-arranged Rule 10b5-1 trading plan.
Since the trade, $ZM is down 3.8% to date (from the $97.94 close on Oct 12, 2026).
ZM
Zoom Communications, Inc.
Key Points
- On October 12, 2026, Chang Michelle, CFO of Zoom Communications, sold 8,489 shares for about $844,340.56 at an average price of $99.46 per share.
- Recently, Zoom shares traded around $93.81, which is about 3.8% below their 50-day moving average of $97.49.
- Analysts maintain a positive outlook on Zoom, with a consensus buy rating and a mean price target of $118.24.
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Chang Michelle, Chief Financial Officer of Zoom Communications, Inc. (ZM), sold 8,489 shares on October 12, 2026, for approximately $844,340.56. This transaction was part of a planned sale, as indicated in the Form 4 filing with the SEC.
Inside Chang Michelle's Trade
Michelle sold the shares at an average price of $99.46 each. The sale comes as Zoom's stock has been trading recently around $93.81, which is below its 50-day moving average of $97.49.
Other Institutional Activity in Zoom Communications
Several other institutional investors have also adjusted their positions in Zoom. Blackrock Inc. did not make a new investment but increased its holdings by 239,993 shares, bringing its total to 18,017,253 shares valued at about $1.7 billion. Meanwhile, Vanguard Portfolio Management LLC reduced its stake by 293,495 shares, ending with 13,108,114 shares worth approximately $1.2 billion. Additionally, NORGES BANK grew its holdings by 2,062,443 shares, totaling 7,970,328 shares valued at about $750.7 million.
Zoom Communications, Inc. Stock Down 0.7%
As of October 16, 2026, Zoom shares are trading below their 50-day moving average and about 18.2% below their 52-week high of $114.74. The stock's current price is also around 20.7% below the mean price target of $118.24 set by analysts.
Recent Earnings
For the trailing twelve months, Zoom reported revenue of approximately $4.99 billion and earnings per share of $10.78. The next earnings report is scheduled for November 24, 2026.
Insider Buying and Selling at Zoom Communications, Inc.
On the same day as Michelle's sale, Sankarlingam Velchamy, President of Engineering & Product, sold 7,645 shares at an average price of $99.26, totaling about $758,874.81. This transaction was also planned.
Analysts Set New Price Targets
On August 26, 2026, Morgan Stanley maintained its Equal-Weight rating on Zoom with a price target of $107.00, while Jefferies kept its Buy rating with a target of $116.00. RBC Capital reiterated its Outperform rating with a target of $130.00. The consensus among analysts is a Buy rating with a mean price target of $118.24.
About Zoom Communications
Zoom Communications, Inc. provides a platform for video communications and collaboration. Founded in 2011 and headquartered in San Jose, California, the company continues to expand its services globally, focusing on AI-enhanced solutions for remote work.
Bottom Line
Investors should watch for the upcoming earnings report on November 24, 2026, for further insights into Zoom's performance. The recent insider sales and ongoing institutional activity could signal shifts in confidence among company executives and investors.
Related Filing Alerts
Source: Chang Michelle's Form 4 filing on $ZM (Oct 12, 2026). Find the original filing: ZM Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts