ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 30.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,394 shares of the company’s stock after acquiring an additional 6,177 shares during the period. Summit Trail Advisors LLC’s holdings in ZoomInfo Technologies were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ZI. Victory Capital Management Inc. increased its holdings in shares of ZoomInfo Technologies by 83.4% in the 3rd quarter. Victory Capital Management Inc. now owns 163,708 shares of the company’s stock valued at $1,689,000 after acquiring an additional 74,455 shares during the period. Versor Investments LP acquired a new position in ZoomInfo Technologies in the third quarter valued at $516,000. State Street Corp raised its holdings in shares of ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock valued at $89,025,000 after buying an additional 165,440 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of ZoomInfo Technologies during the third quarter worth about $895,000. Finally, KBC Group NV grew its holdings in shares of ZoomInfo Technologies by 2,644.4% during the fourth quarter. KBC Group NV now owns 257,781 shares of the company’s stock worth $2,709,000 after buying an additional 248,388 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Up 0.7 %

ZoomInfo Technologies stock opened at $10.29 on Thursday. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 343.11, a price-to-earnings-growth ratio of 13.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $18.69. The stock’s fifty day moving average is $10.39 and its two-hundred day moving average is $10.32.

Analyst Ratings Changes

Several research firms have commented on ZI. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $11.00 price objective (down from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Barclays cut their price target on ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, January 23rd. Piper Sandler reissued an “underweight” rating and issued a $10.00 price objective (down from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. KeyCorp downgraded shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.15.

Insider Activity at ZoomInfo Technologies

In related news, Director David Randall Winn sold 290,541 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the completion of the sale, the director now owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. This trade represents a 18.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the completion of the transaction, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.

ZoomInfo Technologies Company Profile

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.