ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 24.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 289,092 shares of the company's stock after purchasing an additional 56,473 shares during the period. Janus Henderson Group PLC owned approximately 0.08% of ZoomInfo Technologies worth $2,984,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. 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 buying an additional 7,177,687 shares in the last quarter. Pacer Advisors Inc. raised its position in ZoomInfo Technologies by 8,471.7% during the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company's stock worth $85,421,000 after acquiring an additional 6,611,160 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of ZoomInfo Technologies in the second quarter valued at about $73,435,000. Maverick Capital Ltd. purchased a new stake in shares of ZoomInfo Technologies in the third quarter valued at about $44,248,000. Finally, Primecap Management Co. CA grew its position in shares of ZoomInfo Technologies by 97.6% in the third quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company's stock valued at $26,475,000 after purchasing an additional 1,267,171 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company's stock.

Insider Activity

In related news, Director David Randall Winn sold 290,541 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $14,010,885.42. This represents a 18.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total value of $53,926.98. Following the transaction, the chief technology officer now owns 118,659 shares in the company, valued at approximately $1,306,435.59. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company's stock.

ZoomInfo Technologies Trading Down 1.5 %

ZI stock traded down $0.16 during trading on Thursday, reaching $10.61. 4,358,799 shares of the stock traded hands, compared to its average volume of 7,074,805. The firm has a market capitalization of $3.64 billion, a PE ratio of 359.12, a P/E/G ratio of 13.68 and a beta of 1.02. 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 business's 50 day moving average price is $10.72 and its 200-day moving average price is $10.89. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $19.39.

Wall Street Analyst Weigh In

ZI has been the topic of a number of recent research reports. Scotiabank began coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They issued a "sector perform" rating and a $10.30 target price on the stock. Barclays upped their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Piper Sandler lifted their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Mizuho upped their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, ZoomInfo Technologies has an average rating of "Hold" and an average target price of $12.77.

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.