Insider Selling: ZoomInfo Technologies (NASDAQ:GTM) CRO Sells 3,288 Shares of Stock

Key Points

• James Roth, the Chief Revenue Officer of ZoomInfo Technologies, sold 3,288 shares at an average price of $10.26, decreasing his ownership by 6.93%.
• ZoomInfo's stock price rose by 0.9%, reaching $10.38, amidst a trading volume significantly lower than its average.
• Recent analyst ratings show a mix of opinions, with one "Buy," two "Hold," and three "Sell" ratings, reflecting uncertainty in the stock's future performance.

ZoomInfo Technologies Inc. (NASDAQ:GTM - Get Free Report) CRO James Roth sold 3,288 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $10.26, for a total value of $33,734.88. Following the completion of the transaction, the executive owned 44,168 shares of the company's stock, valued at $453,163.68. The trade was a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

ZoomInfo Technologies Stock Up 0.9%

GTM stock traded up $0.09 during midday trading on Wednesday, hitting $10.38. The company's stock had a trading volume of 2,737,439 shares, compared to its average volume of 5,821,990. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 39.92, a price-to-earnings-growth ratio of 2.29 and a beta of 1.19. ZoomInfo Technologies Inc. has a 12 month low of $7.01 and a 12 month high of $13.39. The business has a 50 day moving average price of $10.39.

Analyst Ratings Changes

A number of research analysts have recently commented on GTM shares. Royal Bank Of Canada increased their target price on ZoomInfo Technologies from $6.00 to $7.00 and gave the company an "underperform" rating in a research report on Tuesday, August 5th. Needham & Company LLC restated a "buy" rating and set a $15.00 price target on shares of ZoomInfo Technologies in a report on Thursday, May 22nd. Wells Fargo & Company lowered ZoomInfo Technologies from a "hold" rating to a "strong sell" rating and decreased their price target for the company from $10.00 to $9.00 in a report on Friday, June 13th. DA Davidson began coverage on ZoomInfo Technologies in a report on Tuesday, August 5th. They set a "neutral" rating and a $11.00 price target on the stock. Finally, KeyCorp increased their price target on ZoomInfo Technologies from $7.00 to $9.00 and gave the company an "underweight" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $10.50.

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.

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