ZoomInfo Technologies Inc. (NASDAQ:GTM – Get Free Report) General Counsel Ashley Mcgrane sold 6,959 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $5.87, for a total transaction of $40,849.33. Following the completion of the transaction, the general counsel directly owned 76,872 shares in the company, valued at $451,238.64. This trade represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ashley Mcgrane also recently made the following trade(s):
- On Friday, March 13th, Ashley Mcgrane sold 2,045 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $6.01, for a total value of $12,290.45.
ZoomInfo Technologies Stock Performance
Shares of GTM stock remained flat at $5.81 during trading hours on Friday. The stock had a trading volume of 11,560,391 shares, compared to its average volume of 9,893,589. ZoomInfo Technologies Inc. has a 1-year low of $5.57 and a 1-year high of $12.51. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $1.77 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The stock has a 50-day simple moving average of $6.57 and a two-hundred day simple moving average of $9.07.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on GTM shares. Wall Street Zen lowered shares of ZoomInfo Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Mizuho reduced their target price on shares of ZoomInfo Technologies from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 10th. Jefferies Financial Group decreased their target price on shares of ZoomInfo Technologies from $16.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, February 3rd. Piper Sandler cut their price target on shares of ZoomInfo Technologies from $12.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Finally, Citizens Jmp lowered shares of ZoomInfo Technologies from a “market perform” rating to a “mkt underperform” rating and set a $6.00 price target on the stock. in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, ZoomInfo Technologies presently has a consensus rating of “Hold” and an average price target of $9.25.
Read Our Latest Report on ZoomInfo Technologies
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in shares of ZoomInfo Technologies during the fourth quarter worth $255,416,000. Sachem Head Capital Management LP acquired a new position in ZoomInfo Technologies during the 4th quarter worth about $150,465,000. Dimensional Fund Advisors LP acquired a new position in ZoomInfo Technologies during the 4th quarter worth about $123,138,000. LSV Asset Management purchased a new position in ZoomInfo Technologies during the 4th quarter valued at about $103,545,000. Finally, RPD Fund Management LLC grew its position in ZoomInfo Technologies by 19.4% in the 4th quarter. RPD Fund Management LLC now owns 9,628,318 shares of the company’s stock valued at $97,920,000 after acquiring an additional 1,564,102 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors and hedge funds.
About ZoomInfo Technologies
ZoomInfo Technologies (NASDAQ:GTM) is a leading provider of go-to-market intelligence and sales engagement software designed to help organizations accelerate growth. The company offers a cloud-based platform that delivers comprehensive contact and company data, intent signals, and analytics to support prospecting, lead generation, and customer retention. Its solutions enable sales and marketing teams to identify and engage target accounts, personalize outreach, and optimize campaigns with real-time insights into buyer behavior and market trends.
Founded in 2007 and headquartered in Waltham, Massachusetts, ZoomInfo Technologies has expanded its global footprint across North America, Europe, and Asia–Pacific.
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