ZoomInfo Technologies Inc. (NASDAQ:ZI) CTO Sells $206,842.79 in Stock

ZoomInfo Technologies Inc. (NASDAQ:ZI) CTO Ali Dasdan sold 11,977 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $17.27, for a total transaction of $206,842.79. Following the transaction, the chief technology officer now owns 35,929 shares in the company, valued at approximately $620,493.83. The sale was disclosed in a filing with the SEC, which is available at this link.

ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock traded down $0.19 during mid-day trading on Monday, hitting $17.03. 7,243,808 shares of the company were exchanged, compared to its average volume of 5,887,483. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.55 and a quick ratio of 1.55. ZoomInfo Technologies Inc. has a 12-month low of $17.00 and a 12-month high of $48.76. The business’s 50 day simple moving average is $20.84 and its two-hundred day simple moving average is $22.76. The company has a market capitalization of $6.84 billion, a P/E ratio of 57.40, a PEG ratio of 2.32 and a beta of 1.00.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings results on Monday, July 31st. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. ZoomInfo Technologies had a return on equity of 10.22% and a net margin of 10.32%. The company had revenue of $308.60 million for the quarter, compared to analyst estimates of $310.33 million. Analysts forecast that ZoomInfo Technologies Inc. will post 0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ZoomInfo Technologies

Large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in ZoomInfo Technologies by 78.2% during the second quarter. BlackRock Inc. now owns 30,106,070 shares of the company’s stock valued at $764,393,000 after buying an additional 13,211,331 shares in the last quarter. Cadian Capital Management LP raised its position in shares of ZoomInfo Technologies by 486.7% during the 2nd quarter. Cadian Capital Management LP now owns 4,634,615 shares of the company’s stock worth $117,673,000 after purchasing an additional 3,844,615 shares during the period. Holocene Advisors LP acquired a new position in ZoomInfo Technologies during the 2nd quarter valued at about $94,987,000. State Street Corp grew its position in ZoomInfo Technologies by 62.6% in the 2nd quarter. State Street Corp now owns 9,077,886 shares of the company’s stock worth $230,488,000 after purchasing an additional 3,493,491 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of ZoomInfo Technologies by 7,358,275.6% during the first quarter. Bessemer Group Inc. now owns 3,016,934 shares of the company’s stock worth $74,549,000 after buying an additional 3,016,893 shares during the period. Hedge funds and other institutional investors own 89.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ZI shares. Morgan Stanley dropped their price objective on shares of ZoomInfo Technologies from $31.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 2nd. Canaccord Genuity Group lowered their price target on ZoomInfo Technologies from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, August 1st. Mizuho cut their price objective on shares of ZoomInfo Technologies from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, August 1st. DA Davidson lowered their price objective on ZoomInfo Technologies from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus decreased their price target on ZoomInfo Technologies from $30.00 to $27.00 and set a “buy” rating on the stock in a research note on Tuesday, August 1st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.14.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, through its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.