Henry Schuck Sells 264,580 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) Stock

ZoomInfo Technologies Inc. (NASDAQ:ZI) CEO Henry Schuck sold 264,580 shares of the company’s stock in a transaction on Thursday, July 15th. The shares were sold at an average price of $49.30, for a total value of $13,043,794.00. Following the completion of the transaction, the chief executive officer now directly owns 264,580 shares in the company, valued at $13,043,794. The sale was disclosed in a filing with the SEC, which is available through this link.

Henry Schuck also recently made the following trade(s):

  • On Tuesday, June 15th, Henry Schuck sold 400,000 shares of ZoomInfo Technologies stock. The shares were sold at an average price of $45.04, for a total transaction of $18,016,000.00.
  • On Friday, May 14th, Henry Schuck sold 400,000 shares of ZoomInfo Technologies stock. The shares were sold at an average price of $40.10, for a total transaction of $16,040,000.00.

NASDAQ ZI opened at $52.34 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.39 and a current ratio of 1.39. ZoomInfo Technologies Inc. has a twelve month low of $30.83 and a twelve month high of $60.28. The firm has a market cap of $20.48 billion and a P/E ratio of -1,308.17. The firm’s fifty day moving average price is $47.76.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings data on Sunday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The company had revenue of $153.30 million for the quarter, compared to the consensus estimate of $145.49 million. ZoomInfo Technologies had a return on equity of 4.65% and a net margin of 2.50%. The business’s revenue for the quarter was up 50.3% on a year-over-year basis. Equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.33 EPS for the current year.

ZI has been the subject of a number of recent research reports. Truist boosted their price objective on shares of ZoomInfo Technologies from $67.00 to $70.00 in a report on Tuesday, May 4th. Wolfe Research started coverage on ZoomInfo Technologies in a report on Thursday, April 22nd. They issued an “outperform” rating and a $60.00 price objective for the company. Truist Securities lifted their price objective on ZoomInfo Technologies from $67.00 to $70.00 in a report on Tuesday, May 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on ZoomInfo Technologies from $58.00 to $54.00 and set a “hold” rating for the company in a report on Tuesday, May 4th. Finally, Barclays boosted their target price on shares of ZoomInfo Technologies from $57.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 4th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $61.11.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ironwood Wealth Management LLC. acquired a new stake in ZoomInfo Technologies in the fourth quarter valued at $29,000. Solstein Capital LLC acquired a new stake in ZoomInfo Technologies during the 1st quarter valued at approximately $36,000. The PNC Financial Services Group Inc. acquired a new stake in ZoomInfo Technologies during the 1st quarter valued at approximately $47,000. Ancora Advisors LLC acquired a new stake in ZoomInfo Technologies during the 4th quarter valued at approximately $48,000. Finally, Guinness Atkinson Asset Management Inc increased its position in ZoomInfo Technologies by 900.0% during the 1st quarter. Guinness Atkinson Asset Management Inc now owns 1,850 shares of the company’s stock valued at $90,000 after purchasing an additional 1,665 shares during the period. Institutional investors and hedge funds own 48.36% of the company’s stock.

About ZoomInfo Technologies

ZoomInfo Technologies Inc operates cloud-based go-to-market intelligence platform for sales and marketing teams worldwide. The company's platform provides information and insights on the organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate, as well as enterprises, mid-market companies, and down to small businesses.

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