Holocene Advisors LP Raises Stock Holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Holocene Advisors LP lifted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 71.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 427,817 shares of the company's stock after buying an additional 178,640 shares during the period. Holocene Advisors LP owned about 0.12% of ZoomInfo Technologies worth $4,415,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ZI. Comerica Bank increased its stake in ZoomInfo Technologies by 32.3% in the 1st quarter. Comerica Bank now owns 181,559 shares of the company's stock worth $2,910,000 after purchasing an additional 44,276 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of ZoomInfo Technologies during the first quarter valued at approximately $85,000. SG Americas Securities LLC bought a new stake in shares of ZoomInfo Technologies during the second quarter valued at approximately $1,136,000. M&G Plc bought a new stake in shares of ZoomInfo Technologies during the second quarter valued at approximately $9,534,000. Finally, J.Safra Asset Management Corp raised its stake in ZoomInfo Technologies by 955.2% during the second quarter. J.Safra Asset Management Corp now owns 2,638 shares of the company's stock valued at $34,000 after buying an additional 2,388 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ZoomInfo Technologies

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of the company's stock in a transaction that occurred on 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 sale, the director now directly owns 1,266,807 shares in the company, 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 link. Also, CEO Henry Schuck acquired 492,500 shares of the firm's stock in a transaction on Friday, November 15th. The shares were bought at an average price 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 owns 12,280,501 shares of the company's stock, valued at approximately $125,875,135.25. This trade represents a 4.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.10% of the stock is owned by corporate insiders.

ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock traded down $0.23 during midday trading on Thursday, reaching $10.97. 4,119,724 shares of the stock traded hands, compared to its average volume of 7,116,833. The stock's fifty day moving average is $10.67 and its 200-day moving average is $10.96. ZoomInfo Technologies Inc. has a 12 month low of $7.65 and a 12 month high of $19.39. The stock has a market cap of $3.77 billion, a P/E ratio of 365.79, a PEG ratio of 14.37 and a beta of 1.02. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ZI shares. Piper Sandler lifted their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Daiwa America cut ZoomInfo Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Mizuho upped their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Needham & Company LLC reiterated a "buy" rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Finally, Citigroup upped their price objective on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a "sell" rating in a research report on Thursday, November 14th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $12.72.

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.