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Oxler Private Wealth LLC cut its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 94.4% in the third quarter, according to the company’s latest disclosure to the Securities and Exchange Commission (SEC). , owned 825 shares after selling 14,000 shares during the quarter. Oxler Private Wealth LLC’s ZoomInfo Technologies holding was valued at $34,000 as of his latest SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares in ZI. Cullen Frost Bankers Inc. acquired a new stake in ZoomInfo Technologies for $26,000 in the third quarter. Private Trust Co. NA acquired a new position worth $33,000 in shares of ZoomInfo Technologies in the second quarter. Dupont Capital Management Corp acquired a new position in ZoomInfo Technologies stock worth $38,000 in the third quarter. Truvestments Capital LLC acquired a new position in ZoomInfo Technologies stock worth $47,000 in the second quarter. Finally, CWM LLC increased its ZoomInfo Technologies stake by 261.5% in the third quarter. CWM LLC now owns 1,193 of his shares worth $50,000 after purchasing an additional 863 shares last quarter. Institutional investors and hedge funds own 84.96% of the company’s shares.
Insider activity
In related news, CEO Henry Schuck sold 1,000,000 shares of the company’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $25.54, and the transaction totaled him $25,540,000.00. Following the closing of the transaction, the Chief Executive now directly owns 13,288,001 shares in the company, valued at approximately $339,375,545.54. The sale was disclosed in documents filed with the SEC and available at this link. In the past 90 days, the insider has sold 3,000,000 shares of stock in his company worth $81,980,000. His 9.70% of shares are now owned by insiders.
Wall Street Analyst Predicts Growth
Several research firms have recently published reports on ZI. Mizuho has lowered its price target for ZoomInfo Technologies to $36.00 from his $45.00, setting a “buy” rating for the company in its research notes on Tuesday, Feb. 7. Truist Financial downgraded ZoomInfo Technologies’ rating from ‘buy’ to ‘hold’ and lowered its price target to $28.00 from $65.00 in a research report on Tuesday, January 10. Piper Sandler lowered ZoomInfo Technologies’ price target from $50.00 to $32.00, setting an “overweight” valuation for the company in a research report on Monday, January 9. Wolfe Research reiterated its “outperform” rating and set a price target of $30.00 (down from $37.00 previously) for ZoomInfo Technologies shares in its research report on Tuesday, February 7. Finally, Canaccord Genuity Group lowered ZoomInfo Technologies’ price target from $43.00 to $35.00, setting a “buy” rating for the company in its research report on Tuesday, February 7th. Three equity research analysts have assigned a Hold rating to the stock and 15 have assigned a Buy rating to the company. According to MarketBeat data, the stock currently has an average rating of “moderate buy” with a consensus price target of $38.56.
Stock Performance of ZoomInfo Technology
Shares of the NASDAQ ZI fell $0.22 during Thursday’s trading to reach $24.40. The stock traded 900,060 shares with an average turnover of 5,211,760 shares. ZoomInfo Technologies Inc. has a one-year low of $23.29 and a one-year high of $61.44. The company has a debt to equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a market cap of $9.86 billion, a PE ratio of 153.88, a P/E/G ratio of 2.48 and a beta of 0.95. The company has a 50-day moving average price of $26.77 and a 200-day moving average price of $33.67.
Company Overview of ZoomInfo Technologies
(get rating)
ZoomInfo Technologies Inc, through its subsidiaries, provides a go-to-market intelligence and engagement platform to US and international sales and marketing teams. The company’s cloud-based platform provides information about organizations and professionals, allowing users to identify target customers and decision makers, obtain continuously updated predictive lead and company scores, and target company buying signals. and other attributes to help create messages and engage via vending tools. Track your progress throughout the trading cycle.
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