Stanley Laman Group Ltd. Sells 63,154 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Stanley Laman Group Ltd. decreased its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 18.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 278,496 shares of the company’s stock after selling 63,154 shares during the period. Stanley Laman Group Ltd. owned 0.08% of ZoomInfo Technologies worth $2,927,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Raleigh Capital Management Inc. purchased a new position in ZoomInfo Technologies in the 3rd quarter worth approximately $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in ZoomInfo Technologies in the 3rd quarter worth approximately $37,000. Fifth Third Bancorp grew its stake in ZoomInfo Technologies by 47.8% in the 4th quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of ZoomInfo Technologies by 114.9% in the 3rd 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 in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of ZoomInfo Technologies by 343.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company’s stock valued at $64,000 after purchasing an additional 4,735 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Insider Buying and Selling

In related news, CTO Ali Dasdan sold 4,898 shares of the 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 sale, the chief technology officer now directly owns 118,659 shares of the company’s stock, valued at approximately $1,306,435.59. This represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Henry Schuck acquired 492,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average cost of $10.25 per share, for a total transaction of $5,048,125.00. Following the completion of the transaction, the chief executive officer now directly owns 12,280,501 shares in the company, valued at $125,875,135.25. The trade was a 4.18 % increase in their position. The disclosure for this purchase can be found here. 8.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ZI shares. Citigroup upped their price objective on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the company a “sell” rating in a research note on Tuesday. Scotiabank started coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective for the company. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research note on Friday, December 13th. Wells Fargo & Company reissued an “equal weight” rating and set a $11.00 price target (down previously from $14.00) on shares of ZoomInfo Technologies in a research report on Tuesday, January 7th. Finally, Barclays dropped their price target on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.15.

ZoomInfo Technologies Stock Up 0.7 %

Shares of ZoomInfo Technologies stock opened at $10.29 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The company has a 50-day moving average of $10.39 and a 200 day moving average of $10.32. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 343.11, a PEG ratio of 13.57 and a beta of 1.01. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $18.69.

ZoomInfo Technologies 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.