The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. ZoomInfo Technologies Inc. shares valued at $104,916 were sold by Dasdan Ali on Mar 04 ’24. At $16.56 per share, Dasdan Ali sold 6,334 shares. The insider’s holdings dropped to 69,954 shares worth approximately $1.11 million following the completion of this transaction.
Also, Dasdan Ali sold 5,007 shares, netting a total of over 73,577 in proceeds. Following the sale of shares at $14.69 each, the insider now holds 50,953 shares.
Before that, Dasdan Ali had sold 11,977 shares from its account. In a trade valued at $206,800, the Chief Technology Officer traded ZoomInfo Technologies Inc. shares for $17.27 each. Upon closing the transaction, the insider’s holdings decreased to 11,977 shares, worth approximately $0.57 million.
As published in their initiating research note from KeyBanc Capital Markets on March 21, 2024, ZoomInfo Technologies Inc. [ZI] has been an Overweight and the price target has been revised to $20. Analysts at Citigroup downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early February. As of February 07, 2024, Jefferies has initiated its “Buy” rating for ZI. Earlier on February 01, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for ZI stock which previously was a “an Overweight”.
Analyzing ZI Stock Performance
During the last five days, there has been a surge of approximately 2.52%. Over the course of the year, ZoomInfo Technologies Inc. shares have dropped approximately -14.06%. Shares of the company reached a 52-week high of $18.69 on 02/14/24 and a 52-week low of $14.72 on 01/17/24. A 50-day SMA is recorded $16.26, while a 200-day SMA reached $17.12. Nevertheless, trading volume fell to 1.83 million shares from 2.41 million shares the previous day.
Support And Resistance Levels for ZoomInfo Technologies Inc. (ZI)
According to the 24-hour chart, there is a support level at 15.72, which, if violated, would cause prices to drop to 15.54. In the upper region, resistance lies at 16.03. The next price resistance is at 16.18. RSI (Relative Strength Index) is 50.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 32.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
