Insider Cluster (2 insiders) ·Filed Sep 10, 2026

ZM

Zoom Communications, Inc.
NEUTRAL
Impact 2/10
Horizondays Processed20d 11h ago
Insider cluster: 2 insiders, $1.2M total
Actionable Insight • Neutral

This insider selling cluster is too small relative to market cap to warrant a bearish read-through. Monitor for any larger, unplanned open-market sales by the CEO or other C-suite executives, which would be a more meaningful signal. The stock's 62% analyst bullish consensus and strong institutional accumulation (10 adds, 4 doubled positions in Q2) suggest the market is not concerned.

DirectionNeutral
Confidencehigh
Horizondays
Latest settled — T+5d ⚠ clustered
ZM ▼ -7.12% at T+5d
NEUTRAL call ✗ call lost -7.12% · α vs SPY -6.89% · entry $95.57 → $88.77
Next anchor: T+20d in 6d
Latest observation: T+12 -6.73% FF3 residual α
Entry anchored
Sep 10, 04:13 PM ET
via 1-min bar
T+1d
-0.22%
call -0.22% · α +0.23%
$95.36
settled 21d ago
T+5d
-7.12%
call -7.12% · α -6.89%
$88.77
settled 15d ago
T+20d
—
call — · α —
—
in 6d
T+60d
—
call — · α —
—
in 2mo

Price Chart

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Executive Summary

Zoom Communications insiders, including CEO Eric Yuan and a director, sold a total of ~$1.16M in shares over a 7-day window. The CEO's sale of $988K is the dominant transaction, while a director's sale of ~$255K is smaller. The total value is approximately 0.004% of Zoom's $27.9B market cap, making the cluster economically trivial and likely driven by routine portfolio diversification or tax planning rather than a bearish signal on the business.

Key Financial Metrics

Direction
selling
Total Value
$1.2M
Insiders
2

Key Facts

  • CEO Eric Yuan sold 10,300 shares for ~$988K on 2026-09-02.
  • Director Santiago Subotovsky sold 2,637 shares for ~$255K on 2026-09-08.
  • Total insider selling of ~$1.16M represents ~0.004% of Zoom's $27.9B market cap.
  • The cluster includes non-cash derivative exercises and tax withholding by another executive, which do not affect sentiment.

Financial Impact

Total insider sales of ~$1.16M, which is ~0.004% of market cap — economically negligible.

insider ownership

Risk Factors

  • CEO selling, even if small, could be misinterpreted by retail traders as a negative signal.
  • Insider sales may increase if the stock price appreciates further, creating overhang.

Market Snapshot

Exchange
Nasdaq
Sector
Services-Computer Programming, Data Processing, Etc.
Analyst Consensus
62% bullish (39 analysts)

Investment Themes

Cloud & SaaS

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-ZM-1789193316670
21 reports for ZM
Performance horizon
50% Hit rate 5 of 10 directional calls best @ T+60▲ +16.80%Feb 25, 2026
Filters
Rows
Reports for ZM — sortable, filterable
TypeNow
Sep 10, 2026
21d ago
Insider Cluster
NEUTRAL ★ 2/10
$95.57 $88.77▼ −7.12%▼ −6.89%$92.46 (−3.25%)
Sep 10, 2026
21d ago
Insider Cluster
NEUTRAL ★ 3/10
$95.57 $88.77▼ −7.12%▼ −6.89%$92.46 (−3.25%)
Sep 2, 2026
29d ago
8-K
NEUTRAL ★ 2/10
$98.14 $95.57▼ −2.62%▼ −1.47%$92.46 (−5.79%)
Aug 25, 2026
5w ago
Press Release
BULLISH ★ 6/10
$93.83 $95.86▲ +2.16%▲ +2.28%$92.46 (−1.46%)
Aug 14, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$105.56 $104.83▼ −0.69%▲ +0.50%$92.46 (−12.41%)
Aug 7, 2026
7w ago
Insider Cluster
NEUTRAL ★ 2/10
$107.20 $105.48▼ −1.60%▼ −1.56%$92.46 (−13.75%)
Jul 22, 2026
10w ago
Press Release
NEUTRAL ★ 5/10
$85.81 $92.41▲ +7.69%▲ +10.09%$92.46 (+7.75%)
Jul 16, 2026
11w ago
Insider Cluster
NEUTRAL ★ 3/10
$91.13 $84.11▼ −7.70%▼ −7.02%$92.46 (+1.46%)
Jul 15, 2026
11w ago
Insider Cluster
NEUTRAL ★ 3/10
$92.92 $84.11▼ −9.48%▼ −7.81%$92.46 (−0.50%)
Jul 2, 2026
13w ago
Press Release
BULLISH ★ 6/10
$87.15 $89.88▲ +3.14%▲ +2.21%$92.46 (+6.10%)
Showing 10 of 21

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Report published Sep 12, 2026