Riverbridge Partners LLC Sells 121,393 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Riverbridge Partners LLC lowered its position in ZoomInfo Technologies Inc. (NASDAQ:ZI – Get Rating) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,526,339 shares of the company’s stock after selling 121,393 shares during the period. Riverbridge Partners LLC owned about 0.38% of ZoomInfo Technologies worth $45,958,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in ZoomInfo Technologies by 11.2% during the third quarter. Vanguard Group Inc. now owns 28,188,768 shares of the company’s stock valued at $1,174,345,000 after purchasing an additional 2,843,150 shares in the last quarter. Dragoneer Investment Group LLC lifted its position in ZoomInfo Technologies by 19.0% during the third quarter. Dragoneer Investment Group LLC now owns 11,077,969 shares of the company’s stock valued at $461,508,000 after purchasing an additional 1,765,764 shares in the last quarter. Jennison Associates LLC lifted its position in ZoomInfo Technologies by 5.9% during the third quarter. Jennison Associates LLC now owns 6,972,740 shares of the company’s stock valued at $290,484,000 after purchasing an additional 391,169 shares in the last quarter. State Street Corp lifted its position in ZoomInfo Technologies by 71.7% during the second quarter. State Street Corp now owns 5,874,049 shares of the company’s stock valued at $195,253,000 after purchasing an additional 2,453,367 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in ZoomInfo Technologies by 6.6% during the second quarter. Artisan Partners Limited Partnership now owns 4,962,769 shares of the company’s stock valued at $164,962,000 after purchasing an additional 308,500 shares in the last quarter. Institutional investors own 84.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Piper Sandler lowered their target price on ZoomInfo Technologies from $50.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, January 9th. Wells Fargo & Company lowered their price objective on ZoomInfo Technologies from $50.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 7th. Morgan Stanley lowered their price objective on ZoomInfo Technologies from $38.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 7th. The Goldman Sachs Group lowered their price objective on ZoomInfo Technologies from $54.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, January 25th. Finally, Wolfe Research restated an “outperform” rating and issued a $30.00 price objective (down from $37.00) on shares of ZoomInfo Technologies in a research report on Tuesday, February 7th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.56.

Insiders Place Their Bets

In other ZoomInfo Technologies news, CEO Henry Schuck sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $25.54, for a total transaction of $25,540,000.00. Following the sale, the chief executive officer now directly owns 13,288,001 shares of the company’s stock, valued at $339,375,545.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 3,000,000 shares of company stock valued at $81,980,000 over the last ninety days. 9.70% of the stock is owned by insiders.

ZoomInfo Technologies Trading Up 3.6 %

Shares of NASDAQ ZI opened at $23.76 on Friday. The business’s 50 day moving average is $25.95 and its two-hundred day moving average is $32.47. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. ZoomInfo Technologies Inc. has a 1-year low of $20.72 and a 1-year high of $61.44. The stock has a market capitalization of $9.61 billion, a P/E ratio of 148.51, a PEG ratio of 2.28 and a beta of 0.95.

ZoomInfo Technologies Company Profile

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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.