ZoomInfo Technologies Inc. (NASDAQ:ZI) Major Shareholder Subsidiary Holdings L.L.C. Cg Sells 400,810 Shares

ZoomInfo Technologies Inc. (NASDAQ:ZI) major shareholder Subsidiary Holdings L.L.C. Cg sold 400,810 shares of the company’s stock in a transaction that occurred on Monday, September 13th. The stock was sold at an average price of $64.48, for a total value of $25,844,228.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Subsidiary Holdings L.L.C. Cg also recently made the following trade(s):

  • On Friday, September 10th, Subsidiary Holdings L.L.C. Cg sold 225,267 shares of ZoomInfo Technologies stock. The shares were sold at an average price of $63.82, for a total value of $14,376,539.94.
  • On Tuesday, September 7th, Subsidiary Holdings L.L.C. Cg sold 750,000 shares of ZoomInfo Technologies stock. The shares were sold at an average price of $65.93, for a total value of $49,447,500.00.
  • On Friday, September 3rd, Subsidiary Holdings L.L.C. Cg sold 257,033 shares of ZoomInfo Technologies stock. The shares were sold at an average price of $65.69, for a total value of $16,884,497.77.

Shares of ZoomInfo Technologies stock opened at $67.01 on Wednesday. The business has a 50-day moving average of $58.97 and a 200 day moving average of $51.82. ZoomInfo Technologies Inc. has a 12 month low of $30.83 and a 12 month high of $68.78. The stock has a market capitalization of $26.25 billion, a price-to-earnings ratio of 291.35, a price-to-earnings-growth ratio of 4.94 and a beta of 1.12. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.37 and a quick ratio of 1.37.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Sunday, August 1st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $174.00 million during the quarter, compared to analysts’ expectations of $162.41 million. ZoomInfo Technologies had a return on equity of 11.43% and a net margin of 7.27%. ZoomInfo Technologies’s revenue for the quarter was up 56.9% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. Equities research analysts anticipate that ZoomInfo Technologies Inc. will post 0.36 earnings per share for the current year.

ZI has been the topic of a number of recent analyst reports. Wolfe Research increased their target price on ZoomInfo Technologies from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, August 16th. Deutsche Bank Aktiengesellschaft increased their price objective on ZoomInfo Technologies from $54.00 to $60.00 and gave the company a “hold” rating in a research note on Tuesday, August 3rd. Mizuho increased their price objective on ZoomInfo Technologies from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, August 3rd. Wells Fargo & Company increased their price objective on ZoomInfo Technologies from $64.00 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, August 3rd. Finally, Canaccord Genuity increased their price objective on ZoomInfo Technologies from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, August 3rd. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $70.39.

Institutional investors and hedge funds have recently made changes to their positions in the company. Solstein Capital LLC purchased a new position in shares of ZoomInfo Technologies in the 1st quarter valued at about $36,000. The PNC Financial Services Group Inc. purchased a new position in shares of ZoomInfo Technologies in the 1st quarter valued at about $47,000. Eaton Vance Management purchased a new stake in ZoomInfo Technologies during the first quarter worth approximately $112,000. Saban Cheryl purchased a new stake in ZoomInfo Technologies during the first quarter worth approximately $124,000. Finally, Alpha Paradigm Partners LLC purchased a new stake in ZoomInfo Technologies during the first quarter worth approximately $134,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

About ZoomInfo Technologies

ZoomInfo Technologies Inc operates cloud-based go-to-market intelligence platform for sales and marketing teams worldwide. The company's platform provides information and insights on the organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate, as well as enterprises, mid-market companies, and down to small businesses.

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Insider Buying and Selling by Quarter for ZoomInfo Technologies (NASDAQ:ZI)

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