LPL Financial LLC boosted its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI – Free Report) by 18.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,637 shares of the company’s stock after purchasing an additional 11,923 shares during the period. LPL Financial LLC’s holdings in ZoomInfo Technologies were worth $1,946,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ZI. Advisory Services Network LLC boosted its position in shares of ZoomInfo Technologies by 222.2% in the 1st quarter. Advisory Services Network LLC now owns 1,450 shares of the company’s stock worth $36,000 after purchasing an additional 1,000 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of ZoomInfo Technologies in the 2nd quarter worth approximately $37,000. Ossiam boosted its position in shares of ZoomInfo Technologies by 71.4% in the 1st quarter. Ossiam now owns 3,272 shares of the company’s stock worth $81,000 after purchasing an additional 1,363 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of ZoomInfo Technologies in the 1st quarter worth approximately $83,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of ZoomInfo Technologies by 47.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,925 shares of the company’s stock worth $115,000 after purchasing an additional 617 shares in the last quarter. Hedge funds and other institutional investors own 89.59% of the company’s stock.
Insider Buying and Selling
In related news, CTO Ali Dasdan sold 11,977 shares of ZoomInfo Technologies stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $17.27, for a total value of $206,842.79. Following the completion of the transaction, the chief technology officer now owns 35,929 shares in the company, valued at $620,493.83. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.10% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
ZoomInfo Technologies Trading Up 1.4 %
ZI opened at $12.76 on Friday. The firm has a market cap of $4.97 billion, a P/E ratio of 37.53, a P/E/G ratio of 2.76 and a beta of 1.06. ZoomInfo Technologies Inc. has a 12 month low of $12.36 and a 12 month high of $33.07. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average of $16.07 and a 200 day moving average of $20.66.
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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