Zoom Communications (ZM) CFO Michelle Chang Sells $1M of Stock
Key Points
- Zoom Communications, Inc. Chief Financial Officer Michelle Chang sold 10,156 shares on October 21, 2026, reducing her holdings by about 25.11% to 30,282 shares.
- The stock recently traded around $95.73, below its 50-day moving average but above its 200-day moving average.
- Multiple major financial firms including UBS, RBC Capital, and Rosenblatt updated their views on the stock on the day of the transaction.
Since the trade, $ZM is down 3.1% to date (from the $99.44 close on Oct 21, 2026).
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Zoom Communications, Inc. (NASDAQ:ZM) Chief Financial Officer Michelle Chang sold 10,156 shares of the company on October 21, 2026, according to a Form 4 filing with the SEC. The shares were sold at an average price of $101.93, for a total transaction value of $1,035,215.30. The sale was carried out under a pre-arranged Rule 10b5-1 trading plan. Zoom closed at $99.44 on the day of the transaction.
ZM
Zoom Communications, Inc.
Inside Michelle Chang's Zoom Trade
The planned transaction cut Chang's direct stake in the company by 25.11%. Following the completion of the sale, the Chief Financial Officer holds 30,282 shares of Zoom stock.
Other Institutional Activity in Zoom
Institutional investors have been adjusting their positions in Zoom. AQR Capital Management, LLC reduced its holdings by 1,832,207 shares, ending with 6,530,217 shares worth about $625,398,860. Acadian Asset Management LLC grew its holdings by 65,373 shares, ending with 4,003,535 shares worth about $383,418,533.
Zoom Communications, Inc. Stock Down 3.7%
Zoom stock recently traded around $95.73 as of October 23, 2026, sitting about 3.7% below its event-day close. The shares trade below their 50-day moving average of $96.67 but stay about 4.3% above their 200-day moving average of $91.75.
Recent Earnings
Zoom reported trailing twelve month revenue of $4.99 billion and earnings of $10.78 per share. The company's next earnings report is scheduled for November 24, 2026.
Dividend
Zoom Communications, Inc. does not pay a dividend to shareholders, maintaining a dividend payout ratio of 0.0%.
Insider Buying and Selling at Zoom Communications, Inc.
Insiders have been active in Zoom shares over recent months. Earlier, William McDermott and Jonathan Chadwick each acquired 3,012 shares on June 11, 2026. Later, Velchamy Sankarlingam, President of Engineering & Product, sold 7,645 shares on October 12, 2026, at an average price of $99.26 for a total value of $758,874.81. Michelle Chang also sold 8,489 shares on October 12, 2026, at an average price of $99.46 for a total value of $844,340.56 under a planned trading arrangement.
Analysts Set New Price Targets
Wall Street firms updated their stances on Zoom alongside the recent trading activity. UBS maintained a Neutral rating with a $112.00 price target on October 21, 2026. RBC Capital reiterated its Outperform rating and $130.00 price target on the same day. Rosenblatt kept its Buy rating with a $130.00 price target, BTIG maintained a Buy rating with a $125.00 price target, and Cantor Fitzgerald kept a Neutral rating with a $104.00 price target. The stock currently holds a consensus buy rating from 26 analysts with a mean price target of $118.58.
About Zoom
Zoom Communications, Inc. provides an artificial intelligence-first open work platform designed for human connection. The company operates across the Americas, Asia Pacific, Europe, the Middle East, and Africa, offering cloud-native video communication, phone, chat, and content sharing tools for businesses and individuals.
Bottom Line
Investors tracking Zoom will look toward the company's upcoming earnings report scheduled for late November 2026. Future SEC filings will provide further insight into insider ownership changes at the San Jose-based software provider.
Related Filing Alerts
Source: Michelle Chang's Form 4 filing on $ZM (Oct 21, 2026). Written by software, not financial advice. How we make alerts