BlackRock Discloses Significant Passive Stake in ZoomInfo (ZI)
Ticker: GTM · Form: SC 13G · Filed: Jan 26, 2024 · CIK: 1794515
| Field | Detail |
|---|---|
| Company | Zoominfo Technologies Inc. (GTM) |
| Form Type | SC 13G |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, form-13g
Related Tickers: ZI
TL;DR
**BlackRock owns a big chunk of ZoomInfo, signaling institutional confidence.**
AI Summary
BlackRock Inc., a massive investment firm, reported on January 26, 2024, that it holds a significant stake in ZoomInfo Technologies Inc. (ZI) as of December 31, 2023. This filing indicates BlackRock's passive ownership of ZoomInfo's Class A Common Stock, meaning they are primarily an investor and not looking to influence company management. For current or potential ZI shareholders, this signals that a major institutional investor sees value in the company, which can be a positive sign of confidence.
Why It Matters
This filing shows that a major institutional investor, BlackRock, has a substantial position in ZoomInfo, which can lend credibility and stability to the stock.
Risk Assessment
Risk Level: low — This filing indicates passive ownership by a large institutional investor, which generally reduces volatility and risk for the stock.
Analyst Insight
A smart investor would view BlackRock's passive stake as a vote of confidence, potentially signaling long-term stability for ZoomInfo's stock, and might consider it a positive factor in their investment decision.
Key Players & Entities
- BlackRock Inc. (company) — reporting person, institutional investor
- ZoomInfo Technologies Inc. (company) — subject company, issuer of securities
- December 31, 2023 (date) — date of event requiring filing
- January 26, 2024 (date) — filing date
- 98980F104 (person) — CUSIP Number for ZoomInfo Technologies Inc. Class A Common Stock
Forward-Looking Statements
- BlackRock will maintain its passive stake in ZoomInfo Technologies Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
Who filed this SC 13G statement?
This SC 13G statement was filed by BlackRock Inc., a large investment management company based out of 50 Hudson Yards, New York, NY.
What company's stock is the subject of this filing?
The subject company of this filing is ZoomInfo Technologies Inc., which issues Class A Common Stock with CUSIP Number 98980F104.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, indicated by the 'X' in the appropriate box.
What is ZoomInfo Technologies Inc.'s business address?
ZoomInfo Technologies Inc.'s business address is 805 Broadway St, Suite 900, Vancouver, WA 98660, according to the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 26, 2024 by 98980F104 regarding ZoomInfo Technologies Inc. (GTM).