Ashley Mcgrane Sells 6,600 Shares of ZoomInfo Technologies (NASDAQ:GTM) Stock

ZoomInfo Technologies Inc. (NASDAQ:GTM) General Counsel Ashley Mcgrane sold 6,600 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $11.69, for a total value of $77,154.00. Following the completion of the transaction, the general counsel owned 28,399 shares of the company’s stock, valued at approximately $331,984.31. This represents a 18.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ashley Mcgrane also recently made the following trade(s):

• On Monday, November 3rd, Ashley Mcgrane sold 515 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $11.19, for a total value of $5,762.85.
• On Wednesday, September 3rd, Ashley Mcgrane sold 286 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $10.23, for a total value of $2,925.78.
• On Tuesday, September 2nd, Ashley Mcgrane sold 453 shares of ZoomInfo Technologies stock. The shares were sold at an average price of $10.40, for a total value of $4,711.20.

ZoomInfo Technologies Price Performance

Shares of NASDAQ:GTM traded down $0.11 during trading hours on Tuesday, hitting $11.69. 9,880,395 shares of the company’s stock traded hands, compared to its average volume of 5,529,227. ZoomInfo Technologies Inc. has a 1 year low of $7.01 and a 1 year high of $13.39. The firm has a fifty day simple moving average of $10.98. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 44.96, a P/E/G ratio of 2.32 and a beta of 1.25. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

ZoomInfo Technologies (NASDAQ:GTM) last posted its quarterly earnings results on Tuesday, February 15th. The company reported $0.12 earnings per share for the quarter. ZoomInfo Technologies had a net margin of 7.28% and a return on equity of 14.37%. The firm had revenue of $139.70 million during the quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GTM shares. UBS Group upped their price target on ZoomInfo Technologies from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on shares of ZoomInfo Technologies from $9.40 to $10.70 and gave the company a “sell” rating in a report on Tuesday. Piper Sandler boosted their price objective on shares of ZoomInfo Technologies from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 5th. Wells Fargo & Company began coverage on shares of ZoomInfo Technologies in a report on Wednesday, October 1st. They set an “underweight” rating and a $10.00 price objective on the stock. Finally, DA Davidson began coverage on shares of ZoomInfo Technologies in a report on Tuesday, August 5th. They set a “neutral” rating and a $11.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $11.67.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, through 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.