Subsidiary Holdings L.L.C. Cg Sells 98,781 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) Stock

ZoomInfo Technologies Inc. (NASDAQ:ZI) major shareholder Subsidiary Holdings L.L.C. Cg sold 98,781 shares of ZoomInfo Technologies stock in a transaction dated Friday, October 8th. The shares were sold at an average price of $62.66, for a total value of $6,189,617.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Subsidiary Holdings L.L.C. Cg also recently made the following trade(s):

  • On Monday, October 11th, Subsidiary Holdings L.L.C. Cg sold 101,589 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $62.73, for a total value of $6,372,677.97.
  • On Wednesday, October 6th, Subsidiary Holdings L.L.C. Cg sold 247,567 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $61.58, for a total value of $15,245,175.86.
  • On Monday, October 4th, Subsidiary Holdings L.L.C. Cg sold 252,404 shares of ZoomInfo Technologies stock. The shares were sold at an average price of $60.36, for a total value of $15,235,105.44.
  • On Friday, October 1st, Subsidiary Holdings L.L.C. Cg sold 289,234 shares of ZoomInfo Technologies stock. The shares were sold at an average price of $60.97, for a total value of $17,634,596.98.
  • On Wednesday, September 29th, Subsidiary Holdings L.L.C. Cg sold 216,985 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $61.33, for a total value of $13,307,690.05.
  • On Monday, September 20th, Subsidiary Holdings L.L.C. Cg sold 351,070 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $65.58, for a total value of $23,023,170.60.
  • On Friday, September 17th, Subsidiary Holdings L.L.C. Cg sold 485,109 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $67.82, for a total value of $32,900,092.38.
  • On Monday, September 13th, Subsidiary Holdings L.L.C. Cg sold 400,810 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $64.48, for a total value of $25,844,228.80.
  • On Friday, September 10th, Subsidiary Holdings L.L.C. Cg sold 225,267 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $63.82, for a total value of $14,376,539.94.
  • On Tuesday, September 7th, Subsidiary Holdings L.L.C. Cg sold 750,000 shares of ZoomInfo Technologies stock. The shares were sold at an average price of $65.93, for a total value of $49,447,500.00.

ZoomInfo Technologies stock opened at $65.38 on Thursday. The firm has a market cap of $25.61 billion, a price-to-earnings ratio of 284.26, a price-to-earnings-growth ratio of 4.94 and a beta of 1.12. ZoomInfo Technologies Inc. has a 52 week low of $35.50 and a 52 week high of $69.72. The business’s 50-day moving average price is $63.67 and its 200 day moving average price is $53.91. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.75.

ZoomInfo Technologies (NASDAQ:ZI) last issued its quarterly earnings data on Sunday, August 1st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. ZoomInfo Technologies had a return on equity of 11.43% and a net margin of 7.27%. The company had revenue of $174.00 million for the quarter, compared to analyst estimates of $162.41 million. During the same period last year, the company earned $0.07 earnings per share. ZoomInfo Technologies’s quarterly revenue was up 56.9% compared to the same quarter last year. Equities analysts expect that ZoomInfo Technologies Inc. will post 0.36 EPS for the current year.

A number of research firms have commented on ZI. Raymond James increased their price target on ZoomInfo Technologies from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, August 3rd. Barclays upgraded ZoomInfo Technologies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $66.00 to $83.00 in a research note on Friday, September 17th. Deutsche Bank Aktiengesellschaft increased their price target on ZoomInfo Technologies from $54.00 to $60.00 and gave the company a “hold” rating in a research note on Tuesday, August 3rd. Wells Fargo & Company increased their price target on ZoomInfo Technologies from $64.00 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, August 3rd. Finally, Stifel Nicolaus increased their price objective on ZoomInfo Technologies from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, September 7th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies has a consensus rating of “Buy” and a consensus price target of $72.59.

Institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC acquired a new stake in ZoomInfo Technologies in the second quarter valued at approximately $11,175,000. Principal Financial Group Inc. acquired a new stake in ZoomInfo Technologies in the second quarter valued at approximately $7,222,000. Rothschild & Co. Asset Management US Inc. acquired a new stake in ZoomInfo Technologies in the first quarter valued at approximately $9,992,000. Jupiter Asset Management Ltd. grew its holdings in ZoomInfo Technologies by 3.6% in the second quarter. Jupiter Asset Management Ltd. now owns 7,562 shares of the company’s stock valued at $394,000 after purchasing an additional 262 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in ZoomInfo Technologies in the first quarter valued at approximately $2,329,000. 52.44% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Company Profile

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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