ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) saw some unusual options trading activity on Wednesday. Investors bought 9,109 put options on the company. This represents an increase of 140% compared to the typical daily volume of 3,792 put options.
Insider Activity at ZoomInfo Technologies
In related news, CEO Henry Schuck sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $28.16, for a total transaction of $28,160,000.00. Following the sale, the chief executive officer now directly owns 14,288,001 shares in the company, valued at approximately $402,350,108.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. In other ZoomInfo Technologies news, CEO Henry Schuck sold 1,000,000 shares of the stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $28.16, for a total value of $28,160,000.00. Following the sale, the chief executive officer now directly owns 14,288,001 shares in the company, valued at approximately $402,350,108.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Cameron Hyzer sold 5,000 shares of the stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $43.39, for a total transaction of $216,950.00. Following the completion of the sale, the chief financial officer now owns 1,137,531 shares in the company, valued at $49,357,470.09. The disclosure for this sale can be found here. 9.70% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On ZoomInfo Technologies
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of ZoomInfo Technologies by 11.2% in the 3rd quarter. Vanguard Group Inc. now owns 28,188,768 shares of the company’s stock worth $1,174,345,000 after buying an additional 2,843,150 shares during the last quarter. State Street Corp grew its position in shares of ZoomInfo Technologies by 71.7% in the 2nd quarter. State Street Corp now owns 5,874,049 shares of the company’s stock worth $195,253,000 after buying an additional 2,453,367 shares during the last quarter. Dragoneer Investment Group LLC grew its position in shares of ZoomInfo Technologies by 134.2% in the 1st quarter. Dragoneer Investment Group LLC now owns 3,943,215 shares of the company’s stock worth $235,568,000 after buying an additional 2,259,831 shares during the last quarter. Capital World Investors grew its position in shares of ZoomInfo Technologies by 7.1% in the 1st quarter. Capital World Investors now owns 28,215,665 shares of the company’s stock worth $1,685,604,000 after buying an additional 1,872,595 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of ZoomInfo Technologies by 503.0% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 1,814,807 shares of the company’s stock worth $75,606,000 after buying an additional 1,513,857 shares during the last quarter. 84.96% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on ZI shares. Raymond James lowered their target price on shares of ZoomInfo Technologies from $65.00 to $41.00 in a research note on Wednesday, November 2nd. Canaccord Genuity Group decreased their price target on shares of ZoomInfo Technologies from $56.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, November 2nd. Morgan Stanley dropped their price objective on shares of ZoomInfo Technologies from $60.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, December 7th. Deutsche Bank Aktiengesellschaft reduced their target price on ZoomInfo Technologies from $60.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 17th. Finally, Stifel Nicolaus lowered their price target on ZoomInfo Technologies from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 17th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.53.
ZoomInfo Technologies Price Performance
ZI opened at $27.77 on Thursday. The stock’s 50 day simple moving average is $30.28 and its 200 day simple moving average is $37.95. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.28 and a quick ratio of 1.28. ZoomInfo Technologies has a 1 year low of $23.29 and a 1 year high of $61.44. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 60.37, a PEG ratio of 1.99 and a beta of 0.97.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). ZoomInfo Technologies has a return on equity of 7.92% and a net margin of 18.15%. The company had revenue of $287.60 million for the quarter, compared to the consensus estimate of $277.90 million. As a group, analysts predict that ZoomInfo Technologies will post 0.46 earnings per share for the current year.
About ZoomInfo Technologies
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ZoomInfo Technologies Inc, through its subsidiaries, provides go-to-market intelligence and engagement platforms 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 continuously 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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