ZoomInfo Technologies Inc. (NASDAQ:ZI) Major Shareholder Subsidiary Holdings L.L.C. Cg Sells 14,852 Shares of Stock

ZoomInfo Technologies Inc. (NASDAQ:ZIGet Rating) major shareholder Subsidiary Holdings L.L.C. Cg sold 14,852 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $45.02, for a total transaction of $668,637.04. Following the sale, the insider now directly owns 41,656,293 shares in the company, valued at $1,875,366,310.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

ZoomInfo Technologies Trading Up 2.3 %

Shares of ZoomInfo Technologies stock opened at $47.73 on Friday. ZoomInfo Technologies Inc. has a fifty-two week low of $30.31 and a fifty-two week high of $79.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.08. The firm has a 50-day simple moving average of $37.33 and a two-hundred day simple moving average of $46.48. The company has a market cap of $19.25 billion, a P/E ratio of 176.78, a price-to-earnings-growth ratio of 2.68 and a beta of 1.62.

ZoomInfo Technologies (NASDAQ:ZIGet Rating) last released its quarterly earnings results on Monday, August 1st. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. ZoomInfo Technologies had a net margin of 13.61% and a return on equity of 7.16%. The firm had revenue of $267.10 million during the quarter, compared to the consensus estimate of $254.45 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. As a group, equities analysts predict that ZoomInfo Technologies Inc. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ZI. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of ZoomInfo Technologies from $80.00 to $75.00 in a report on Tuesday, May 3rd. Raymond James lowered their price target on shares of ZoomInfo Technologies from $70.00 to $65.00 in a report on Tuesday, May 3rd. Morgan Stanley lowered their price target on shares of ZoomInfo Technologies from $81.00 to $66.00 and set an “overweight” rating on the stock in a report on Thursday, July 14th. Canaccord Genuity Group lowered their price target on shares of ZoomInfo Technologies from $68.00 to $56.00 in a report on Thursday. Finally, Barclays lowered their price target on shares of ZoomInfo Technologies from $64.00 to $50.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. Eighteen equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $69.89.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ZI. Capital World Investors raised its holdings in ZoomInfo Technologies by 7.1% in the 1st quarter. Capital World Investors now owns 28,215,665 shares of the company’s stock valued at $1,685,604,000 after acquiring an additional 1,872,595 shares during the last quarter. Vanguard Group Inc. raised its holdings in ZoomInfo Technologies by 8.0% in the 1st quarter. Vanguard Group Inc. now owns 23,082,415 shares of the company’s stock valued at $1,378,944,000 after acquiring an additional 1,717,608 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in ZoomInfo Technologies by 5.7% in the 1st quarter. Allianz Asset Management GmbH now owns 15,119,963 shares of the company’s stock valued at $903,267,000 after acquiring an additional 819,402 shares during the last quarter. BlackRock Inc. raised its holdings in ZoomInfo Technologies by 4.0% in the 1st quarter. BlackRock Inc. now owns 14,658,212 shares of the company’s stock valued at $875,683,000 after acquiring an additional 563,686 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in ZoomInfo Technologies by 33.5% in the 1st quarter. Jennison Associates LLC now owns 7,462,240 shares of the company’s stock valued at $445,794,000 after acquiring an additional 1,871,380 shares during the last quarter. Institutional investors and hedge funds own 82.92% of the company’s stock.

About ZoomInfo Technologies

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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.

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