Zoom Video Communications Inc. (ZM), better known as Zoom, provides video and web conferencing services as well as voice, chat, and content-sharing services for use acr🍃oss many kinds of devices.

The company was founded in 2011 and saw tremendous growth when the COVID-19 pandemic prompted a large-scale, global shift toward remote work across many industries. Zoom had more than 191,000 Enterprise customers as of the first quarter of fiscal year 2025, Investor interest in Zoom soared along with the company's surge in profits and revenue.

The top shareho꧅lders of Zoom are Eric. S Yuan, Santiago Subotovsky, Kelly Steckelberg, Vanguard G𒉰roup, BlackRock, and Fidelity Investments.

The company had a 澳洲幸运5官方开奖结果体彩网:trailing 12-month (TTM) revenue of $4.56 billion, a TTM net income of $718.55 million, and a 澳洲幸运5官方开奖结果体彩网:market capitalization of $17.32 billion as of August 2024.

Top 3 Individual Insider Shareholders

This list reflects direct ownership. It doesn't include indirect ownership of shares or shares accessible through stock options.

Eric S. Yuan

Eric S. Yuan owned 22,692,536 Class A and Class B shares of Zoom as of March 31, 2024.

Yuan is the chief executive officer (CEO) of Zoom which he founded in 2011. Yuan held several executive positions at Cisco before Zoom where he was responsible for collaboration software development. He was also the founding engineer of WebEx at Cisco which sells conferencing and videoconferencing services.

Yuan helped grow sales to $800 million at WebEx. The net worth of Yuan and his family is $3.8 billion which puts them at #756 on the Forbes billionaires list.

Santiago Subotovsky

Santiago Subotovsky owned 6,644,384 Class A and Class B Zoom shares as of March 31, 2024.

Subotovsky is a general partner at venture capital firm Emergence Capital and is the founder of AXG Tecnonexo, an e-learning vendor in Latin America. He's also served on the boards of companies including Airkit, Civitas Learning, CrunchBase, High Alpha, and Openpath.

Kelly Steckelberg

Kelly Steckelberg owned 943,911 Class A and Class B shares of Zoom as of March 31, 2024.

Steckelberg is Zoom's chief financial officer. She previously served as COO, CFO, and CEO of the dating site Zoosk. Forbes named her to its America's Self-Made Women Net Worth list with a net worth of $415 million in 2021. Forbes indicated that much of that money was derived from Zoom stock options.

Top 3 Institutional Shareholders

Institutional investors hold the majority of Zoom shares at 68.95% of total shares outstanding as of August 2024.

Vanguard Group

澳洲幸运5官方开奖结果体彩网:Vanguard Group is the largest institutional 澳洲幸运5官方开奖结果体彩网:shareholder of Zoom, holding 23.4 million shares as of Aug. 6, 2024. This represents 8.8% of the total shares outstanding.

Vanguard is an investment management firm that operates numerous mutual funds and exchange-traded funds (ETFs) with a client base that consists of individuals, financial institutions, and retirement plans. The company has $8.6 trillion in worldwide assets under management.

The Vanguard Information Technology ETF (VGT) has $71.73 billion in total assets as of August 2024. The fund largely invests in internet and computer-related companies. Zoom represents about 0.13% of the fund's total holdings.

BlackRock

澳洲幸运5官方开奖结果体彩网:BlackRock is the second-largest institutional holder of Zoom, holding 15.17 million shares as of Aug. 6, 2024.

Like Vanguard, BlackRock is one of the largest investment firms in the world, managing many funds for a variety of clients. The company reported $10.5 trillion in total assets under management in the first quarter of 2024.

The iShares US Technology ETF(IYW) invests in internet and tech stocks, like Zoom. The fund has $18.08 billion in total assets as of August 2024 and Zoom represents 0.14% of the fund's portfolio.

FMR, LLC

FMR, LLC is the legal name of Fidelity Investments, a major institutional asset manager. Fidelity holds 7.63 million shares of Zoom as of Aug. 6, 2024.

Fidelity holds Zoom shares in mutual funds and investment portfolios on behalf of its clients. The company has $14.1 trillion in assets under administration as of June 30, 2024.

The Fidelity Cloud Computing ETF (FCLD) invests in tech stocks similar to Zoom. The fund has $74.49 million in assets under management as of August 2024. Zoom represents 1.97% of its total portfolio.

The Bottom Line

Zoom benefited during the global pandemic when work and social interactions moved over to video conference calls. The company's value and profits grew during that time, making it an attractive investment for many institutional holders and increasing the net worth of some of its high-ranking employees. Zoom had a market capitalization of $17.32 billion as of August 2024.