ZoomInfo Technologies Inc. (NASDAQ:GTM – Get Free Report) General Counsel Ashley Mcgrane sold 6,959 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $5.87, for a total value of $40,849.33. Following the completion of the transaction, the general counsel directly owned 76,872 shares of the company’s stock, valued at $451,238.64. The trade was a 8.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
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 transaction of $12,290.45.
ZoomInfo Technologies Price Performance
NASDAQ:GTM opened at $5.81 on Monday. 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 price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. The company has a 50 day moving average price of $6.51 and a 200-day moving average price of $8.98. ZoomInfo Technologies Inc. has a 1-year low of $5.57 and a 1-year high of $12.51.
Analyst Ratings Changes
A number of research firms have recently commented on GTM. UBS Group dropped their target price on ZoomInfo Technologies from $13.00 to $8.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 10th. BTIG Research started coverage on ZoomInfo Technologies in a report on Wednesday, December 17th. They issued a “buy” rating and a $13.00 price target for the company. Citigroup lowered their price target on ZoomInfo Technologies from $8.00 to $6.50 and set a “sell” rating on the stock in a research report on Wednesday, February 11th. Morgan Stanley dropped their price objective on ZoomInfo Technologies from $13.00 to $9.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 10th. Finally, KeyCorp upgraded ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.25.
Institutional Trading of ZoomInfo Technologies
A number of institutional investors and hedge funds have recently modified their holdings of GTM. Vanguard Group Inc. acquired a new stake in ZoomInfo Technologies in the 4th quarter worth about $255,416,000. Sachem Head Capital Management LP acquired a new position in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $150,465,000. Dimensional Fund Advisors LP acquired a new position in shares of ZoomInfo Technologies during the fourth quarter valued at approximately $123,138,000. LSV Asset Management purchased a new position in shares of ZoomInfo Technologies in the fourth quarter valued at approximately $103,545,000. Finally, RPD Fund Management LLC lifted its position in shares of ZoomInfo Technologies by 19.4% in the fourth 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. Hedge funds and other institutional investors own 95.47% of the company’s stock.
ZoomInfo Technologies Company Profile
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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