Traders Buy High Volume of ZoomInfo Technologies Put Options (NASDAQ:ZI)

ZoomInfo Technologies Inc. (NASDAQ:ZI - Get Free Report) was the target of unusually large options trading on Monday. Traders acquired 46,198 put options on the company. This is an increase of 582% compared to the average volume of 6,772 put options.

Insider Buying and Selling

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were 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 directly owns 1,266,807 shares in the company, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Henry Schuck bought 492,500 shares of the stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the purchase, the chief executive officer now owns 12,280,501 shares of the company's stock, valued at $125,875,135.25. This trade represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. 8.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ZI. Raleigh Capital Management Inc. bought a new stake in shares of ZoomInfo Technologies in the 3rd quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of ZoomInfo Technologies in the third quarter worth approximately $37,000. Fifth Third Bancorp boosted its holdings in ZoomInfo Technologies by 47.8% in the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company's stock valued at $40,000 after acquiring an additional 1,241 shares during the last quarter. GAMMA Investing LLC increased its position in ZoomInfo Technologies by 114.9% during 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 during the period. Finally, Nisa Investment Advisors LLC raised its holdings in ZoomInfo Technologies by 343.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,115 shares of the company's stock worth $64,000 after purchasing an additional 4,735 shares during the last quarter. Institutional investors own 95.47% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of ZoomInfo Technologies from $7.00 to $8.50 and gave the company a "sell" rating in a research report on Thursday, November 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price objective on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Barclays reduced their target price on ZoomInfo Technologies from $12.00 to $11.00 and set an "equal weight" rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $11.00 price target (down previously from $14.00) on shares of ZoomInfo Technologies in a research note on Tuesday, January 7th. Finally, Mizuho increased their price objective on shares of 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 four have issued a buy rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies has a consensus rating of "Hold" and a consensus target price of $12.52.

ZoomInfo Technologies Trading Down 1.6 %

ZoomInfo Technologies stock traded down $0.17 during trading hours on Thursday, hitting $10.29. The stock had a trading volume of 3,218,328 shares, compared to its average volume of 7,080,368. The business's 50 day simple moving average is $10.46 and its 200-day simple moving average is $10.36. ZoomInfo Technologies has a one year low of $7.65 and a one year high of $18.69. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 343.11, a P/E/G ratio of 13.44 and a beta of 1.01. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

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.