Caprock Group LLC Has $1.43 Million Position in ZoomInfo Technologies Inc. (NASDAQ:ZI)

Caprock Group LLC cut its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,308 shares of the company’s stock after selling 17,385 shares during the quarter. Caprock Group LLC’s holdings in ZoomInfo Technologies were worth $1,433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ZI. FMR LLC increased its position in ZoomInfo Technologies by 27.7% during the 3rd quarter. FMR LLC now owns 33,053,422 shares of the company’s stock worth $341,111,000 after buying an additional 7,177,687 shares during the period. Pacer Advisors Inc. increased its position in ZoomInfo Technologies by 38.7% during the third quarter. Pacer Advisors Inc. now owns 9,274,829 shares of the company’s stock worth $95,716,000 after acquiring an additional 2,585,631 shares during the period. State Street Corp raised its stake in ZoomInfo Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 8,626,463 shares of the company’s stock worth $89,025,000 after purchasing an additional 165,440 shares in the last quarter. Maverick Capital Ltd. bought a new stake in ZoomInfo Technologies in the 3rd quarter valued at about $44,248,000. Finally, Primecap Management Co. CA grew its position in shares of ZoomInfo Technologies by 97.6% during the 3rd quarter. Primecap Management Co. CA now owns 2,565,440 shares of the company’s stock worth $26,475,000 after purchasing an additional 1,267,171 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. KeyCorp downgraded shares of ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Barclays cut their target price on ZoomInfo Technologies from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, January 23rd. Scotiabank assumed coverage on ZoomInfo Technologies in a research note on Monday, November 18th. They issued a “sector perform” rating and a $10.30 price target for the company. Mizuho increased their price objective on shares of ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $11.00 target price (down from $14.00) on shares of ZoomInfo Technologies in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, ZoomInfo Technologies currently has an average rating of “Hold” and an average target price of $12.52.

ZoomInfo Technologies Price Performance

ZI stock opened at $10.29 on Monday. The company 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. The company has a fifty day moving average price of $10.49 and a 200-day moving average price of $10.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $18.69.

Insider Buying and Selling

In other ZoomInfo Technologies news, CTO Ali Dasdan sold 4,898 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the sale, the chief technology officer now owns 118,659 shares of the company’s stock, valued at approximately $1,306,435.59. This represents a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Henry Schuck acquired 492,500 shares of the stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $10.25 per share, with a total value of $5,048,125.00. Following the completion of the transaction, the chief executive officer now owns 12,280,501 shares in the company, valued at approximately $125,875,135.25. This represents a 4.18 % increase in their position. The disclosure for this purchase can be found here. 8.10% 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.