Alberta Investment Management Corp Purchases New Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Alberta Investment Management Corp acquired a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 220,720 shares of the company’s stock, valued at approximately $2,320,000. Alberta Investment Management Corp owned approximately 0.06% of ZoomInfo Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ZI. FMR LLC boosted its position in shares of ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after purchasing an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. raised its stake in ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock valued at $95,716,000 after buying an additional 2,585,631 shares during the last quarter. State Street Corp boosted its holdings in ZoomInfo Technologies by 2.0% in the third quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after acquiring an additional 165,440 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in shares of ZoomInfo Technologies in the third quarter worth $44,248,000. Finally, Primecap Management Co. CA increased its holdings in shares of ZoomInfo Technologies by 97.6% during the third quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock valued at $26,475,000 after acquiring an additional 1,267,171 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

ZoomInfo Technologies Stock Down 2.7 %

Shares of ZI stock opened at $9.90 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $17.89. The stock has a market cap of $3.40 billion, a P/E ratio of 330.11, a P/E/G ratio of 13.86 and a beta of 1.01. The company has a 50 day simple moving average of $10.30 and a two-hundred day simple moving average of $10.29.

Analyst Ratings Changes

A number of brokerages recently issued reports on ZI. Barclays dropped their price target on shares of ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 23rd. KeyCorp cut shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Scotiabank assumed coverage on shares of ZoomInfo Technologies in a report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price objective for the company. Wells Fargo & Company reiterated an “equal weight” rating and set a $11.00 target price (down from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Finally, Mizuho boosted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.15.

Insider Activity

In other news, Director David Randall Winn sold 290,541 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value of $3,213,383.46. Following the completion of the sale, the director now directly owns 1,266,807 shares of the company’s stock, valued at $14,010,885.42. This represents a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of the firm’s stock in a transaction on 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 owns 118,659 shares in the company, valued at $1,306,435.59. The trade was a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

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.