ZoomInfo Technologies Inc. (NASDAQ:ZI) Director Todd Crockett Sells 464,877 Shares of Stock

ZoomInfo Technologies Inc. (NASDAQ:ZI) Director Todd Crockett sold 464,877 shares of the business’s stock in a transaction on Thursday, September 16th. The shares were sold at an average price of $68.12, for a total transaction of $31,667,421.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Todd Crockett also recently made the following trade(s):

  • On Monday, August 9th, Todd Crockett sold 3,620,333 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $61.10, for a total value of $221,202,346.30.

ZoomInfo Technologies stock opened at $66.17 on Tuesday. The stock has a 50-day moving average price of $60.17 and a 200 day moving average price of $52.26. ZoomInfo Technologies Inc. has a 52 week low of $31.36 and a 52 week high of $69.72. The company has a market capitalization of $25.92 billion, a price-to-earnings ratio of 287.70, a price-to-earnings-growth ratio of 4.94 and a beta of 1.12. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.75.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Sunday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. ZoomInfo Technologies had a net margin of 7.27% and a return on equity of 11.43%. The business had revenue of $174.00 million for the quarter, compared to the consensus estimate of $162.41 million. During the same period in the previous year, the firm earned $0.07 EPS. The business’s revenue was up 56.9% on a year-over-year basis. Research analysts anticipate that ZoomInfo Technologies Inc. will post 0.36 EPS for the current fiscal year.

ZI has been the topic of several recent research reports. Truist raised their price objective on ZoomInfo Technologies from $70.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, August 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of ZoomInfo Technologies from $54.00 to $60.00 and gave the stock a “hold” rating in a research report on Tuesday, August 3rd. Wells Fargo & Company lifted their price target on shares of ZoomInfo Technologies from $64.00 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, August 3rd. The Goldman Sachs Group lifted their price objective on shares of ZoomInfo Technologies from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, August 3rd. Finally, Morgan Stanley boosted their price objective on ZoomInfo Technologies from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, August 3rd. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $72.59.

Institutional investors and hedge funds have recently bought and sold shares of the company. Solstein Capital LLC purchased a new stake in ZoomInfo Technologies in the 1st quarter valued at approximately $36,000. The PNC Financial Services Group Inc. purchased a new stake in ZoomInfo Technologies in the 1st quarter valued at approximately $47,000. Eaton Vance Management acquired a new position in ZoomInfo Technologies in the 1st quarter valued at $112,000. Saban Cheryl acquired a new position in ZoomInfo Technologies in the 1st quarter valued at $124,000. Finally, Alpha Paradigm Partners LLC acquired a new position in ZoomInfo Technologies in the 1st quarter valued at $134,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

About ZoomInfo Technologies

ZoomInfo Technologies Inc operates cloud-based go-to-market intelligence platform for sales and marketing teams worldwide. The company's platform provides information and insights on the organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate, as well as enterprises, mid-market companies, and down to small businesses.

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