Stanley Laman Group Ltd. Sells 63,154 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Stanley Laman Group Ltd. lessened its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 18.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,496 shares of the company's stock after selling 63,154 shares during the period. Stanley Laman Group Ltd. owned 0.08% of ZoomInfo Technologies worth $2,927,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC increased its holdings in ZoomInfo Technologies by 27.7% during 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. Maverick Capital Ltd. acquired a new position in ZoomInfo Technologies in the 3rd quarter valued at about $44,248,000. Pacer Advisors Inc. boosted its holdings in ZoomInfo Technologies by 38.7% in the 3rd quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company's stock valued at $95,716,000 after purchasing an additional 2,585,631 shares during the period. Primecap Management Co. CA grew its position in shares of ZoomInfo Technologies by 97.6% during the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company's stock worth $26,475,000 after purchasing an additional 1,267,171 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of ZoomInfo Technologies by 304.5% in the fourth quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company's stock valued at $14,902,000 after buying an additional 1,067,299 shares during the period. 95.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other ZoomInfo Technologies 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 sale, the director now 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Ali Dasdan sold 4,898 shares of ZoomInfo Technologies 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 completion of the transaction, the chief technology officer now directly owns 118,659 shares of the company's stock, valued at approximately $1,306,435.59. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Scotiabank began coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They set a "sector perform" rating and a $10.30 price objective on the stock. Mizuho upped their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. KeyCorp lowered shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a report on Friday, December 13th. Citigroup upped their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a "sell" rating in a report on Tuesday, February 11th. Finally, Piper Sandler reiterated an "underweight" rating and set a $10.00 price target (down previously from $11.00) on shares of ZoomInfo Technologies in a research report on Monday, January 6th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $12.15.

ZoomInfo Technologies Trading Up 0.7 %

Shares of ZoomInfo Technologies stock traded up $0.07 during trading on Monday, hitting $10.24. The company's stock had a trading volume of 2,508,692 shares, compared to its average volume of 6,022,925. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 341.45, a price-to-earnings-growth ratio of 13.57 and a beta of 1.01. ZoomInfo Technologies Inc. has a 52 week low of $7.65 and a 52 week high of $18.27. The stock has a 50-day moving average price of $10.34 and a two-hundred day moving average price of $10.30. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63.

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.