ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Acquired by State Street Corp

State Street Corp boosted its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,626,463 shares of the company's stock after acquiring an additional 165,440 shares during the quarter. State Street Corp owned 2.36% of ZoomInfo Technologies worth $89,025,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ZI. FMR LLC grew its stake 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. Pacer Advisors Inc. grew its position in shares of ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company's stock worth $95,716,000 after buying an additional 2,585,631 shares in the last quarter. Marshall Wace LLP acquired a new stake in ZoomInfo Technologies in the second quarter valued at approximately $73,435,000. Maverick Capital Ltd. purchased a new position in ZoomInfo Technologies in the third quarter worth approximately $44,248,000. Finally, Bank of New York Mellon Corp grew its holdings in ZoomInfo Technologies by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,289,360 shares of the company's stock worth $42,005,000 after acquiring an additional 223,669 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ZoomInfo Technologies

In other ZoomInfo Technologies news, CEO Henry Schuck acquired 492,500 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average price of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the acquisition, the chief executive officer now directly owns 12,280,501 shares of the company's stock, valued at approximately $125,875,135.25. The trade was a 4.18 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David Randall Winn sold 290,541 shares of the business's stock in a transaction 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 owns 1,266,807 shares in the company, valued at $14,010,885.42. The trade was a 18.66 % 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.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Scotiabank initiated coverage on shares of ZoomInfo Technologies in a research report on Monday, November 18th. They set a "sector perform" rating and a $10.30 price objective for the company. Mizuho lifted their price target on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Piper Sandler increased their price objective on ZoomInfo Technologies from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Barclays boosted their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a research note on Wednesday, November 13th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $12.77.

ZoomInfo Technologies Stock Performance

ZI traded up $0.30 on Tuesday, hitting $11.19. 6,945,064 shares of the company traded hands, compared to its average volume of 7,061,344. ZoomInfo Technologies Inc. has a 12-month low of $7.65 and a 12-month high of $19.39. The company has a 50 day moving average of $10.77 and a 200-day moving average of $10.83. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.84 billion, a PE ratio of 363.12, a PEG ratio of 13.58 and a beta of 1.02.

About ZoomInfo Technologies

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.