Insider Selling: ZoomInfo Technologies (NASDAQ:GTM) General Counsel Sells $77,154.00 in Stock

ZoomInfo Technologies Inc. (NASDAQ:GTM) General Counsel Ashley Mcgrane sold 6,600 shares of ZoomInfo Technologies stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $11.69, for a total value of $77,154.00. Following the completion of the transaction, the general counsel directly owned 28,399 shares of the company’s stock, valued at approximately $331,984.31. This trade represents a 18.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ashley Mcgrane also recently made the following trade(s):

• On Monday, November 3rd, Ashley Mcgrane sold 515 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $11.19, for a total value of $5,762.85.
• On Wednesday, September 3rd, Ashley Mcgrane sold 286 shares of ZoomInfo Technologies stock. The stock was sold at an average price of $10.23, for a total value of $2,925.78.
• On Tuesday, September 2nd, Ashley Mcgrane sold 453 shares of ZoomInfo Technologies stock. The shares were sold at an average price of $10.40, for a total value of $4,711.20.

ZoomInfo Technologies Stock Performance

ZoomInfo Technologies stock opened at $10.70 on Friday. The company has a market cap of $3.41 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.67 and a quick ratio of 0.71. The stock’s 50 day simple moving average is $10.99.

ZoomInfo Technologies (NASDAQ:GTM) last released its earnings results on Tuesday, February 15th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $139.70 million for the quarter. ZoomInfo Technologies had a net margin of 8.40% and a return on equity of 14.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GTM. Citigroup raised their target price on ZoomInfo Technologies from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays increased their price target on ZoomInfo Technologies from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Tuesday. Royal Bank Of Canada boosted their price objective on ZoomInfo Technologies from $7.00 to $8.00 and gave the company an “underperform” rating in a report on Tuesday. Wells Fargo & Company began coverage on ZoomInfo Technologies in a report on Wednesday, October 1st. They issued an “underweight” rating and a $10.00 target price on the stock. Finally, The Goldman Sachs Group lifted their price target on shares of ZoomInfo Technologies from $9.40 to $10.70 and gave the company a “sell” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $11.67.

ZoomInfo Technologies Company 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.