Zoom Communications (ZM) Director Subotovsky Sells $383K of Stock
Key Points
- Zoom Communications, Inc. director Santiago Subotovsky sold 3,812 shares on October 21, 2026, for a total value of about $383,335.
- After the trade, Santiago Subotovsky holds 117,974 $ZM shares, down 3.13% from before the trade.
- Institutional funds like AQR Capital Management and Acadian Asset Management adjusted their positions in Zoom during recent reporting periods.
- UBS, RBC Capital, Rosenblatt, BTIG, and Cantor Fitzgerald updated their ratings and price targets for Zoom shares on October 21, 2026.
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. director Santiago Subotovsky sold 3,812 shares of the company on October 21, 2026, according to a Form 4 filing with the SEC. The stock was sold at an average price of $100.56, bringing the total transaction value to roughly $383,335.
ZM
Zoom Communications, Inc.
Inside Santiago Subotovsky's Zoom Trade
The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Following this sale, Subotovsky directly holds 117,974 shares of Zoom, which marks a 3.1% cut to his personal stake in the software provider. On the day of the transaction, Zoom shares closed at $99.44.
Other Institutional Activity
Large investment firms have been actively rebalancing their holdings in the software maker. AQR Capital Management, LLC reduced its stake by 1,832,207 shares, ending the period with 6,530,217 shares valued at about $625,398,860. Meanwhile, Acadian Asset Management LLC grew its holdings by 65,373 shares, closing the period with 4,003,535 shares worth roughly $383,418,533.
Zoom Communications, Inc. Stock Down 3.7%
Zoom shares recently traded around $95.73 as of October 23, 2026, sitting below their event-day close and slightly under the 50-day moving average of $96.67. The stock remains above its 200-day moving average of $91.75.
Recent Earnings
Zoom generated trailing-twelve-month revenue of $4.99 billion and an earnings per share of $10.78. The company is scheduled to report its next batch of earnings on November 24, 2026.
Insider Buying and Selling at Zoom Communications, Inc.
Other executives and directors have also transacted in company shares recently. President of Engineering and Product Velchamy Sankarlingam sold 7,645 shares on October 12, 2026, for about $758,874, and Chief Financial Officer Michelle Chang sold 8,489 shares on October 12, 2026, for roughly $844,340. Both of those sales were carried out under pre-planned trading arrangements.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock recently. On October 21, 2026, UBS maintained a Neutral rating with a $112.00 price target, RBC Capital reiterated an Outperform rating with a $130.00 price target, Rosenblatt maintained a Buy rating with a $130.00 price target, BTIG reiterated a Buy rating with a $125.00 price target, and Cantor Fitzgerald reiterated a Neutral rating with a $104.00 price target.
About Zoom
Zoom Communications, Inc. provides an artificial intelligence-first open work platform that facilitates video meetings, phone calls, chat, and other collaboration tools for individual and enterprise users across the globe. Headquartered in San Jose, California, the company serves customers ranging from small businesses to large multinational corporations.
Bottom Line
Investors will look toward Zoom's upcoming earnings report on November 24, 2026, for further insight into the company's financial trajectory. Additional SEC filings will reveal whether other insiders continue trimming or holding their positions.
Related Filing Alerts
Source: Santiago Subotovsky's Form 4 filing on $ZM (Oct 21, 2026). Written by software, not financial advice. How we make alerts