New York State Teachers Retirement System Sells 6,024 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

New York State Teachers Retirement System decreased its position in ZoomInfo Technologies Inc. (NASDAQ:ZI) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 237,810 shares of the company’s stock after selling 6,024 shares during the quarter. New York State Teachers Retirement System owned 0.07% of ZoomInfo Technologies worth $2,499,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ZI. Summit Trail Advisors LLC increased its holdings in ZoomInfo Technologies by 30.6% in the fourth quarter. Summit Trail Advisors LLC now owns 26,394 shares of the company’s stock valued at $277,000 after purchasing an additional 6,177 shares during the last quarter. Empowered Funds LLC bought a new position in shares of ZoomInfo Technologies during the 4th quarter valued at about $329,000. Retirement Systems of Alabama increased its stake in ZoomInfo Technologies by 304.5% during the 4th quarter. Retirement Systems of Alabama now owns 1,417,844 shares of the company’s stock worth $14,902,000 after purchasing an additional 1,067,299 shares in the last quarter. Journey Strategic Wealth LLC bought a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $140,000. Finally, Gries Financial LLC acquired a new stake in ZoomInfo Technologies during the 4th quarter worth approximately $147,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Insider Transactions at ZoomInfo Technologies

In other news, Director David Randall Winn sold 290,541 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.06, for a total transaction of $3,213,383.46. Following the completion of the sale, the director now directly owns 1,266,807 shares of the company’s stock, valued at $14,010,885.42. The trade was a 18.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Ali Dasdan sold 4,898 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $11.01, for a total transaction of $53,926.98. Following the completion of the transaction, the chief technology officer now directly owns 118,659 shares in the company, valued at approximately $1,306,435.59. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.

ZoomInfo Technologies Trading Down 2.5 %

Shares of NASDAQ ZI opened at $9.65 on Friday. The stock has a market cap of $3.31 billion, a P/E ratio of 321.77, a price-to-earnings-growth ratio of 13.41 and a beta of 1.01. ZoomInfo Technologies Inc. has a 52-week low of $7.65 and a 52-week high of $17.89. The firm has a 50 day moving average price of $10.28 and a two-hundred day moving average price of $10.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.63 and a current ratio of 0.63.

Analyst Upgrades and Downgrades

ZI has been the topic of a number of recent research reports. Scotiabank began coverage on ZoomInfo Technologies in a research report on Monday, November 18th. They issued a “sector perform” rating and a $10.30 target price on the stock. KeyCorp cut ZoomInfo Technologies from a “sector weight” rating to an “underweight” rating in a research report on Friday, December 13th. Citigroup upped their price target on shares of ZoomInfo Technologies from $8.50 to $9.00 and gave the stock a “sell” rating in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price objective on shares of ZoomInfo Technologies in a research report on Wednesday, November 13th. Finally, Mizuho upped their target price on ZoomInfo Technologies from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, ZoomInfo Technologies has an average rating of “Hold” and an average price target of $12.15.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, together with 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.