ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Cynosure Group LLC

Cynosure Group LLC trimmed its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 58.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 83,103 shares of the company’s stock after selling 114,656 shares during the period. Cynosure Group LLC’s holdings in ZoomInfo Technologies were worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its stake in shares of ZoomInfo Technologies by 45.3% during the 1st quarter. Advisors Asset Management Inc. now owns 4,964 shares of the company’s stock valued at $80,000 after acquiring an additional 1,547 shares during the last quarter. GAMMA Investing LLC grew its holdings in ZoomInfo Technologies by 114.9% in the third quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock valued at $41,000 after purchasing an additional 2,134 shares during the period. State of Alaska Department of Revenue increased its position in ZoomInfo Technologies by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock worth $353,000 after purchasing an additional 2,275 shares during the last quarter. J.Safra Asset Management Corp raised its stake in ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company’s stock worth $34,000 after purchasing an additional 2,388 shares during the period. Finally, KBC Group NV boosted its holdings in shares of ZoomInfo Technologies by 39.0% in the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after purchasing an additional 2,635 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Buying and Selling

In related news, CEO Henry Schuck acquired 492,500 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the transaction, the chief executive officer now owns 12,280,501 shares of the company’s stock, valued at approximately $125,875,135.25. This represents a 4.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 8.20% of the company’s stock.

ZoomInfo Technologies Price Performance

NASDAQ ZI opened at $10.89 on Wednesday. The stock has a market capitalization of $3.74 billion, a PE ratio of 363.12, a price-to-earnings-growth ratio of 14.19 and a beta of 1.03. ZoomInfo Technologies Inc. has a 12-month low of $7.65 and a 12-month high of $19.39. The company has a 50 day moving average price of $10.56 and a two-hundred day moving average price of $11.04. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ZI shares. Raymond James lowered shares of ZoomInfo Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 6th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Royal Bank of Canada lowered their price objective on shares of ZoomInfo Technologies from $9.00 to $7.00 and set an “underperform” rating for the company in a research report on Tuesday, August 6th. DA Davidson cut shares of ZoomInfo Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $9.50 in a research report on Tuesday, August 6th. Finally, Stifel Nicolaus lowered their price target on shares of ZoomInfo Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and an average target price of $12.72.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, together with 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.