Caprock Group LLC Sells 17,385 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Caprock Group LLC trimmed its position in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 11.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 136,308 shares of the company’s stock after selling 17,385 shares during the period. Caprock Group LLC’s holdings in ZoomInfo Technologies were worth $1,433,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in ZoomInfo Technologies by 29.1% during the 4th quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $54,000 after purchasing an additional 1,160 shares in the last quarter. Fifth Third Bancorp grew its holdings in ZoomInfo Technologies by 47.8% during the fourth quarter. Fifth Third Bancorp now owns 3,836 shares of the company’s stock worth $40,000 after buying an additional 1,241 shares in the last quarter. State of Alaska Department of Revenue raised its position in ZoomInfo Technologies by 7.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 34,265 shares of the company’s stock valued at $353,000 after buying an additional 2,275 shares during the last quarter. KBC Group NV lifted its stake in ZoomInfo Technologies by 39.0% during the 3rd quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after acquiring an additional 2,635 shares in the last quarter. Finally, Raleigh Capital Management Inc. purchased a new position in ZoomInfo Technologies during the 3rd quarter worth $31,000. 95.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CTO Ali Dasdan sold 4,898 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $11.01, for a total transaction of $53,926.98. Following the completion of the transaction, the chief technology officer now directly owns 118,659 shares in the company, valued at $1,306,435.59. The trade was a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Randall Winn sold 290,541 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total value of $3,213,383.46. Following the completion of the sale, the director now directly owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. The trade was a 18.66 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by insiders.

ZoomInfo Technologies Price Performance

ZoomInfo Technologies stock opened at $10.29 on Monday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 343.11, a PEG ratio of 13.47 and a beta of 1.01. ZoomInfo Technologies Inc. has a one year low of $7.65 and a one year high of $18.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The business has a fifty day moving average price of $10.49 and a 200-day moving average price of $10.39.

Analysts Set New Price Targets

Several brokerages have recently commented on ZI. KeyCorp downgraded shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a report on Friday, December 13th. Mizuho increased their price objective 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. Citigroup upped their target price on ZoomInfo Technologies from $7.00 to $8.50 and gave the company a “sell” rating in a report on Thursday, November 14th. Wells Fargo & Company reiterated an “equal weight” rating and set a $11.00 price target (down from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th. Finally, Piper Sandler restated an “underweight” rating and issued a $10.00 price objective (down previously from $11.00) on shares of ZoomInfo Technologies in a research note on Monday, January 6th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and an average price target of $12.52.

ZoomInfo Technologies Company 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.