$ZM: Insider Selling, Analyst Moves, and a $150M Settlement You Should Know About
Court: N.D. California
Case: 3:20-cv-02353
📉 Key Points- Zoom President Velchamy Sankarlingam sold $593K in stock and disposed of another $815K to cover taxes on vested RSUs
- Analysts like Benchmark and Piper Sandler raised their price targets ($85–$102) citing product momentum
- Zoom expanded Zoom Phone in India and maintains strong fundamentals with 32% annual gain and low debt
On July 10, Zoom’s engineering chief sold over 7,600 shares at $77.50, and Form 4 filings show he still controls more than 170K shares through personal and family accounts. While insider sales can raise eyebrows, Zoom continues to show strong financial performance, expanding globally and gaining analyst support.
💰 And Don’t Forget the $150M SettlementZoom agreed to pay $150M to settle investor claims that it misled the public about encryption and data-sharing practices. The controversy dates back to 2020 when reports revealed that Zoom lacked end-to-end encryption and shared user data with Facebook. Following the news, 
ZM dropped 19% and a class action followed.
You can check more information about the ZM settlement and file for payment HERE.