ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 49.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,730,961 shares of the company's stock after selling 1,681,949 shares during the period. Wellington Management Group LLP owned about 0.47% of ZoomInfo Technologies worth $17,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Washington Harbour Partners LP boosted its position in ZoomInfo Technologies by 17.5% during the third quarter. Washington Harbour Partners LP now owns 368,700 shares of the company's stock valued at $3,805,000 after purchasing an additional 54,900 shares in the last quarter. State Street Corp boosted its holdings in shares of ZoomInfo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company's stock valued at $89,025,000 after buying an additional 165,440 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of ZoomInfo Technologies by 1,035.9% in the 3rd quarter. Quantinno Capital Management LP now owns 161,168 shares of the company's stock worth $1,663,000 after buying an additional 146,979 shares during the last quarter. Readystate Asset Management LP grew its position in shares of ZoomInfo Technologies by 64.4% in the 3rd quarter. Readystate Asset Management LP now owns 1,095,810 shares of the company's stock worth $11,309,000 after buying an additional 429,235 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of ZoomInfo Technologies by 24.3% during the 3rd quarter. Janus Henderson Group PLC now owns 289,092 shares of the company's stock worth $2,984,000 after acquiring an additional 56,473 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Price Performance

ZI traded down $0.21 on Friday, hitting $10.40. 4,670,240 shares of the company's stock were exchanged, compared to its average volume of 8,154,195. The firm has a 50-day moving average price of $10.75 and a 200-day moving average price of $10.87. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 346.78, a P/E/G ratio of 13.58 and a beta of 1.02. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. ZoomInfo Technologies Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $19.39.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Mizuho raised their target price on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Barclays raised their price objective on ZoomInfo Technologies from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Scotiabank started coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They issued a "sector perform" rating and a $10.30 price target for the company. Needham & Company LLC reissued a "buy" rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Finally, KeyCorp downgraded shares of ZoomInfo Technologies from a "sector weight" rating to an "underweight" rating in a report on Friday. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.77.

Insider Buying and Selling at ZoomInfo Technologies

In other news, CEO Henry Schuck bought 492,500 shares of ZoomInfo Technologies stock in a transaction on Friday, November 15th. The shares were bought at an average cost of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the purchase, the chief executive officer now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Randall Winn sold 290,541 shares of the firm'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 owns 1,266,807 shares of the company's stock, valued at $14,010,885.42. This represents a 18.66 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by insiders.

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.