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 $47,065,239 were purchased by CP VI Evergreen Holdings, L.P. on Oct 01 ’24. At $10.43 per share, CP VI Evergreen Holdings, L.P. acquired 4,512,487 shares.
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Also, Carlyle Partners VI Evergreen purchased 4,487,513 shares, netting a total of over 46,804,761 in proceeds.
Before that, Dasdan Ali had sold 4,898 shares from its account. In a trade valued at $47,184, the Chief Technology Officer traded ZoomInfo Technologies Inc. shares for $9.63 each. Upon closing the transaction, the insider’s holdings decreased to 4,898 shares, worth approximately $1.04 million.
As published in a research note from Daiwa Securities on August 13, 2024, ZoomInfo Technologies Inc. [ZI] has been rated down from an Outperform to a Neutral and the price target has been revised to $9 from $15. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early August. As of August 06, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for ZI. Earlier on August 06, 2024, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for ZI stock which previously was a “a Buy”.
Analyzing ZI Stock Performance
During the last five days, there has been a drop of approximately -1.09%. Over the course of the year, ZoomInfo Technologies Inc. shares have dropped approximately -45.97%. Shares of the company reached a 52-week high of $18.69 on 02/14/24 and a 52-week low of $7.65 on 08/06/24. A 50-day SMA is recorded $9.99, while a 200-day SMA reached $13.75. Nevertheless, trading volume fell to 5.0 million shares from 3.05 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 9.84, which, if violated, would cause prices to drop to 9.69. In the upper region, resistance lies at 10.12. The next price resistance is at 10.25. RSI (Relative Strength Index) is 46.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 84.09%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
