Steward Partners Investment Advisory LLC trimmed its stake in ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 63.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,657 shares of the company’s stock after selling 2,878 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in ZoomInfo Technologies were worth $99,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its stake in shares of ZoomInfo Technologies by 23.2% during the 1st quarter. Daiwa Securities Group Inc. now owns 35,367 shares of the company’s stock worth $2,113,000 after acquiring an additional 6,663 shares during the period. Institute for Wealth Management LLC. bought a new position in shares of ZoomInfo Technologies during the 1st quarter worth approximately $250,000. Harbor Capital Advisors Inc. boosted its stake in shares of ZoomInfo Technologies by 32.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 25,662 shares of the company’s stock worth $1,533,000 after acquiring an additional 6,263 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of ZoomInfo Technologies by 263.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 107,213 shares of the company’s stock worth $6,325,000 after acquiring an additional 77,728 shares during the period. Finally, Comerica Bank boosted its stake in ZoomInfo Technologies by 54.3% in the 1st quarter. Comerica Bank now owns 19,849 shares of the company’s stock valued at $1,090,000 after purchasing an additional 6,988 shares during the period. 82.92% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CEO Henry Schuck sold 48,264 shares of the business’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $42.05, for a total transaction of $2,029,501.20. Following the sale, the chief executive officer now owns 15,431,762 shares in the company, valued at approximately $648,905,592.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other ZoomInfo Technologies news, COO Joseph Christopher Hays sold 57,213 shares of the company’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $43.33, for a total value of $2,479,039.29. Following the sale, the chief operating officer now owns 681,825 shares in the company, valued at approximately $29,543,477.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Henry Schuck sold 48,264 shares of the company’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $42.05, for a total value of $2,029,501.20. Following the completion of the sale, the chief executive officer now owns 15,431,762 shares in the company, valued at approximately $648,905,592.10. The disclosure for this sale can be found here. Insiders have sold 249,238 shares of company stock worth $10,598,256 in the last 90 days. Insiders own 9.70% of the company’s stock.
Wall Street Analyst Weigh In
ZoomInfo Technologies Price Performance
ZoomInfo Technologies stock opened at $41.97 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.20. ZoomInfo Technologies Inc. has a 52 week low of $30.31 and a 52 week high of $79.17. The stock has a market capitalization of $16.93 billion, a P/E ratio of 149.89, a price-to-earnings-growth ratio of 2.32 and a beta of 1.62. The stock has a fifty day moving average of $36.84 and a 200-day moving average of $46.54.
ZoomInfo Technologies (NASDAQ:ZI – Get Rating) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business had revenue of $267.10 million for the quarter, compared to analyst estimates of $254.45 million. ZoomInfo Technologies had a return on equity of 8.46% and a net margin of 14.34%. ZoomInfo Technologies’s quarterly revenue was up 53.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. On average, sell-side analysts expect that ZoomInfo Technologies Inc. will post 0.49 earnings per share for the current fiscal year.
ZoomInfo Technologies Profile
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.
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