86,695 Shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new position in ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 86,695 shares of the company's stock, valued at approximately $895,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC raised its stake in ZoomInfo Technologies by 27.7% in the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company's stock valued at $341,111,000 after acquiring an additional 7,177,687 shares during the period. Pacer Advisors Inc. increased its position in shares of ZoomInfo Technologies by 8,471.7% during the second quarter. Pacer Advisors Inc. now owns 6,689,198 shares of the company's stock valued at $85,421,000 after buying an additional 6,611,160 shares during the period. Marshall Wace LLP bought a new stake in shares of ZoomInfo Technologies during the second quarter valued at about $73,435,000. Maverick Capital Ltd. bought a new stake in shares of ZoomInfo Technologies during the third quarter valued at about $44,248,000. Finally, Primecap Management Co. CA increased its position in shares of ZoomInfo Technologies by 97.6% during the third quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company's stock valued at $26,475,000 after buying an additional 1,267,171 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ZI has been the subject of several recent analyst reports. Daiwa America lowered ZoomInfo Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 13th. Citigroup boosted their price objective on ZoomInfo Technologies from $7.00 to $8.50 and gave the stock a "sell" rating in a report on Thursday, November 14th. Scotiabank initiated coverage on ZoomInfo Technologies in a report on Monday, November 18th. They set a "sector perform" rating and a $10.30 price objective for the company. Daiwa Capital Markets lowered ZoomInfo Technologies from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $15.00 to $9.00 in a report on Tuesday, August 13th. Finally, Mizuho boosted their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, ZoomInfo Technologies has an average rating of "Hold" and an average target price of $12.77.

ZoomInfo Technologies Stock Up 2.9 %

ZI traded up $0.30 during trading on Wednesday, reaching $10.77. The stock had a trading volume of 6,104,950 shares, compared to its average volume of 7,084,999. The stock's 50 day moving average is $10.70 and its two-hundred day moving average is $10.89. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 349.12, a P/E/G ratio of 14.42 and a beta of 1.02. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $19.39.

Insiders Place Their Bets

In related news, Director David Randall Winn sold 290,541 shares of the 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 directly owns 1,266,807 shares of the company's stock, valued at $14,010,885.42. This trade represents a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Ali Dasdan sold 4,898 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total value of $53,926.98. Following the sale, the chief technology officer now directly owns 118,659 shares in the company, valued at $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. 8.20% of the stock is owned by corporate insiders.

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.