Zoom Communications (ZM) Insider Michael Fenger Buys 3,012 Shares
Michael Fenger bought over 3,000 shares of Zoom Communications, continuing a trend of insider purchases.
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Michael Fenger bought 3,012 shares of Zoom Communications, Inc. ($ZM) on June 11, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $ZM is down 6.5% after 1 week, down 0.5% after 1 month and up 2.0% to date (from the $92.32 close on Jun 11, 2026).
ZM
Zoom Communications, Inc.
Key Points
- On June 11, 2026, Michael Fenger purchased 3,012 shares of Zoom Communications, Inc. at a price of $93.68 each, totaling about $282,000.
- The company's stock is currently trading near its 50-day moving average of $97.49 and has a P/E ratio of 9.14.
- Insiders including William Mcdermott and Jonathan Chadwick also bought 3,012 shares each on the same day, reflecting a strong insider interest.
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Michael Fenger's Insider Purchase
On June 11, 2026, Michael Fenger bought 3,012 shares of Zoom Communications, Inc. (ZM) on the NasdaqGS at a price of $93.68 per share. This purchase is valued at approximately $282,000. Fenger's move is part of a broader trend of insider buying at the company, indicating confidence in its future.
A Wave of Insider Buying
This transaction follows a series of similar purchases by other insiders on the same day. William Mcdermott, Jonathan Chadwick, Santiago Subotovsky, Cindy Hoots, Herbert Raymond McMaster, and Daniel Scheinman each bought 3,012 shares, totaling six insiders involved in this buying spree. This consistent insider activity may suggest a shared optimism about the company's direction.
How Zoom Communications, Inc. Stock Has Traded
Zoom's stock is trading close to its 50-day moving average of $97.49, showing stability in its recent performance. With a P/E ratio of 9.14, the stock appears reasonably valued compared to its earnings, especially given its current price of $93.68. The stock has seen a 52-week range from $70.70 to $114.74, indicating it is currently positioned above its recent lows.
Analysts Set New Price Targets
On August 26, 2026, several analysts maintained their ratings for Zoom. Morgan Stanley holds an Equal-Weight rating with a target price of $107, while Jefferies maintains a Buy rating with a $116 target. RBC Capital has an Outperform rating with a target of $130. The consensus among 25 analysts is a Buy, reflecting positive sentiment towards the company's performance.
What Zoom Communications, Inc. Does
Zoom Communications, Inc. provides a platform for virtual communication across various industries, including education, healthcare, and entertainment. The company is known for its video conferencing tools, which have become essential for remote work and online events. The recent insider purchases highlight a strong belief in the company's growth prospects as it navigates the evolving tech landscape.
What’s Next for Zoom
Looking ahead, investors will be watching for Zoom's next earnings report scheduled for November 24, 2026. This will provide further insights into the company's performance and could influence future insider trading activity. Remember, the recent transactions reflect positions as of June 11, 2026, and may not represent the current holdings of the insiders.
Related Filing Alerts
Source: Michael Fenger's Form 4 filing on $ZM (Jun 11, 2026). Find the original filing: ZM Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts