ZoomInfo Technologies Inc. (NASDAQ:ZI) Major Shareholder Sells $8,841,239.35 in Stock

ZoomInfo Technologies Inc. (NASDAQ:ZI) major shareholder Kirk Norman Brown sold 186,721 shares of the firm’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $47.35, for a total value of $8,841,239.35. Following the completion of the sale, the insider now directly owns 186,721 shares of the company’s stock, valued at $8,841,239.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Kirk Norman Brown also recently made the following trade(s):

  • On Thursday, April 1st, Kirk Norman Brown sold 307,279 shares of ZoomInfo Technologies stock. The shares were sold at an average price of $48.78, for a total transaction of $14,989,069.62.
  • On Wednesday, March 3rd, Kirk Norman Brown sold 494,000 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $49.68, for a total transaction of $24,541,920.00.

NASDAQ ZI opened at $48.09 on Thursday. The business has a 50 day moving average price of $50.59 and a 200 day moving average price of $46.11. ZoomInfo Technologies Inc. has a 1-year low of $30.83 and a 1-year high of $64.40. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.88.

ZoomInfo Technologies (NASDAQ:ZI) last announced its quarterly earnings results on Sunday, February 21st. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $139.70 million during the quarter, compared to analysts’ expectations of $130.44 million. The business’s quarterly revenue was up 53.3% compared to the same quarter last year.

Large investors have recently bought and sold shares of the business. Ironwood Wealth Management LLC. purchased a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at about $29,000. Ancora Advisors LLC acquired a new position in shares of ZoomInfo Technologies during the 4th quarter worth approximately $48,000. IFP Advisors Inc lifted its stake in ZoomInfo Technologies by 3,232.5% in the 4th quarter. IFP Advisors Inc now owns 1,333 shares of the company’s stock valued at $64,000 after buying an additional 1,293 shares in the last quarter. Regent Peak Wealth Advisors LLC acquired a new stake in ZoomInfo Technologies during the 4th quarter valued at $69,000. Finally, Cetera Advisor Networks LLC increased its position in ZoomInfo Technologies by 62.3% during the third quarter. Cetera Advisor Networks LLC now owns 6,067 shares of the company’s stock worth $261,000 after buying an additional 2,328 shares in the last quarter.

A number of equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of ZoomInfo Technologies from $49.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 23rd. Raymond James increased their price objective on ZoomInfo Technologies from $56.00 to $62.00 and gave the company an “outperform” rating in a research note on Monday, March 1st. Truist lifted their price target on ZoomInfo Technologies from $60.00 to $67.00 in a report on Tuesday, February 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on ZoomInfo Technologies from $45.00 to $58.00 and gave the company a “hold” rating in a report on Tuesday, February 23rd. Finally, Morgan Stanley boosted their price objective on shares of ZoomInfo Technologies from $55.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, March 1st. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. ZoomInfo Technologies presently has a consensus rating of “Buy” and an average target price of $59.95.

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 target organizations and professionals. Its customers operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services and insurance, retail, media and internet, transportation, education, hospitality, healthcare, and real estate, as well as enterprises, mid-market companies, and small and medium-sized business.

Further Reading: dividend yield calculator

Insider Buying and Selling by Quarter for ZoomInfo Technologies (NASDAQ:ZI)

Receive News & Ratings for ZoomInfo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZoomInfo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.