Zoom Communications (ZM) Director McMaster Sells $152K of Stock
Key Points
- Zoom Communications, Inc. director Herbert Raymond McMaster sold 1,500 shares on October 21, 2026, in a pre-arranged transaction worth $151,875.
- After the trade, Herbert Raymond McMaster holds 6,979 $ZM shares, down 17.69% from before the trade.
- Institutional investors like AQR Capital Management and Acadian Asset Management adjusted their large stakes earlier in the year.
- The software company trades near $95.73 as analysts maintain a consensus buy rating ahead of upcoming November earnings.
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) director Herbert Raymond McMaster sold 1,500 shares of the company on October 21, 2026. The transaction was filed with the Securities and Exchange Commission via a Form 4.
ZM
Zoom Communications, Inc.
Inside Herbert Raymond McMaster's ZM Trade
According to the SEC filing, McMaster sold the shares at a price of $101.25 each, for a total value of $151,875. The sale was executed under a pre-arranged Rule 10b5-1 trading plan. Following the transaction, McMaster directly holds 6,979 shares of the software company, marking a 17.7% cut in his personal share count. The stock closed at $99.44 on the day of the trade.
Other Institutional Activity in Zoom Communications
Large financial institutions have also adjusted their positions in the video communications firm during mid-2026. AQR Capital Management, LLC reduced its holdings by 1,832,207 shares, ending the period with 6,530,217 shares valued at about $625.4 million after a 21.9% decrease. Meanwhile, Acadian Asset Management LLC grew its stake by 65,373 shares, ending with 4,003,535 shares worth about $383.4 million following a 1.7% increase.
Zoom Communications, Inc. Stock Down 3.7%
Zoom shares recently traded around $95.73 as of October 23, 2026, sitting below their 50-day moving average of $96.67 but above their 200-day moving average of $91.75. The stock closed at $99.44 on the date of the director's trade.
Recent Earnings
Zoom generated $4.99 billion in trailing-twelve-month revenue with an EPS of $10.78, backed by a 65.2% net profit margin and a 32.1% return on equity. The company's next earnings report is scheduled for November 24, 2026.
Dividend
The company maintains a dividend payout ratio of 0.0% and a dividend yield of 0.0%.
Insider Buying and Selling at Zoom Communications, Inc.
Several company insiders executed trades prior to McMaster's sale. Executives including President of Engineering & Product Velchamy Sankarlingam and Chief Financial Officer Michelle Chang sold shares in October under planned trading schedules, while William McDermott and Jonathan Chadwick completed buys earlier in June.
Analysts Set New Price Targets
Wall Street firms updated their views on October 21, 2026, with UBS, RBC Capital, Rosenblatt, BTIG, and Cantor Fitzgerald issuing ratings and price targets ranging from $104 to $130. The stock carries a consensus buy recommendation from 26 analysts.
About Zoom Communications, Inc.
Headquartered in San Jose, California, Zoom provides an artificial intelligence-first open work platform that facilitates video meetings, phone systems, and digital collaboration tools for businesses and consumers worldwide.
Bottom Line
Investors will look toward Zoom's upcoming earnings report on November 24, 2026, for further updates on platform growth and financial performance. Monitoring institutional reports and routine Form 4 filings will provide additional clarity on how key stakeholders manage their positions.
Related Filing Alerts
Source: Herbert Raymond McMaster's Form 4 filing on $ZM (Oct 21, 2026). Written by software, not financial advice. How we make alerts