Teachers Retirement System of The State of Kentucky bought a new stake in ZoomInfo Technologies Inc. (NASDAQ:GTM – Free Report) in the 4th quarter, Holdings Channel reports. The fund bought 87,797 shares of the company’s stock, valued at approximately $893,000.
Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in ZoomInfo Technologies during the 3rd quarter valued at $40,000. GAMMA Investing LLC bought a new position in ZoomInfo Technologies during the 4th quarter valued at $47,000. DekaBank Deutsche Girozentrale bought a new position in ZoomInfo Technologies during the 4th quarter valued at $56,000. True Wealth Design LLC bought a new position in ZoomInfo Technologies during the 4th quarter valued at $74,000. Finally, EMC Capital Management bought a new position in ZoomInfo Technologies during the 3rd quarter valued at $76,000. 95.47% of the stock is currently owned by institutional investors.
ZoomInfo Technologies Trading Down 0.8%
ZoomInfo Technologies stock opened at $6.13 on Thursday. The firm’s 50-day moving average is $6.03 and its 200-day moving average is $8.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.72 and a current ratio of 0.72. ZoomInfo Technologies Inc. has a 1 year low of $5.15 and a 1 year high of $12.51. The company has a market cap of $1.87 billion, a P/E ratio of 16.13, a PEG ratio of 1.70 and a beta of 1.08.
Insider Transactions at ZoomInfo Technologies
In related news, CRO James M. Roth sold 35,723 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $5.87, for a total value of $209,694.01. Following the sale, the executive owned 139,795 shares of the company’s stock, valued at $820,596.65. This trade represents a 20.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Ashley Mcgrane sold 6,959 shares of the stock in a transaction dated 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 sale, the general counsel directly owned 76,872 shares in the company, valued at approximately $451,238.64. This trade represents a 8.30% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 44,727 shares of company stock worth $262,834. Corporate insiders own 9.90% of the company’s stock.
Wall Street Analysts Forecast Growth
GTM has been the topic of a number of research analyst reports. Citigroup reduced their price objective on shares of ZoomInfo Technologies from $8.00 to $6.50 and set a “sell” rating on the stock in a research note on Wednesday, February 11th. DA Davidson reduced their price objective on shares of ZoomInfo Technologies from $13.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Wells Fargo & Company reduced their price objective on shares of ZoomInfo Technologies from $10.00 to $6.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 10th. Piper Sandler reduced their price objective on shares of ZoomInfo Technologies from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Finally, Citizens Jmp downgraded shares of ZoomInfo Technologies from a “market perform” rating to a “mkt underperform” rating and set a $6.00 price objective on the stock. in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.05.
Get Our Latest Analysis on GTM
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.
Featured Stories
Want to see what other hedge funds are holding GTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ZoomInfo Technologies Inc. (NASDAQ:GTM – Free Report).
Receive News & Ratings for ZoomInfo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZoomInfo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
