ZoomInfo Insider Deals: CFO Buys Amid HSKB Fund’s Quiet Sell‑off Sparks Investor Scrutiny

Insider Selling on a Falling Stock: What Investors Should Note

ZoomInfo Technologies Inc. (ZM) saw a notable sell‑off by HSKB Funds II, LLC on February 1, 2026, disposing of 15,071 shares at $0.00 each—an arrangement tied to an employee distribution rather than a market sale. The transaction was executed against a backdrop of a 0.11 % decline in the share price and a 20.64 % drop over the past week, with the stock trading at $7.81, roughly 62 % of its 52‑week high. The move is a small fraction of the $2.5 billion market cap, but its timing—amid heightened social‑media buzz (391 % intensity) and neutral sentiment—raises questions about confidence in ZoomInfo’s near‑term prospects.

What This Means for the Company and Its Shareholders

The sale is essentially a tax‑related distribution to employees; no cash changes hands, and the company’s equity base remains unchanged. However, the pattern of regular share sales by the same entity, combined with a series of insider buys by the CFO and general counsel, suggests a mixed signal. While the CFO’s purchases indicate some confidence in the business, the CFO’s simultaneous sales of restricted stock units and Phantom units, along with the broader decline in the share price, hint at a cautious stance. For investors, this could be a cue to reassess the valuation: ZoomInfo trades at a 25‑multiple on earnings but sits far below its 52‑week high, implying a potential discount if the company can stabilize growth and return to a more robust trajectory.

HSKB Funds II, LLC: A History of Opportunistic Selling

HSKB Funds II, LLC has a consistent history of liquidating large blocks of ZoomInfo shares throughout 2025. The fund sold 23,749 shares in April, 10,308 in October, and 15,469 in November, with holdings dwindling from 533,024 to 311,617 shares over the year. This pattern reflects a strategy of harvesting gains or managing exposure during market volatility. The current February sale—though small—continues this trend of opportunistic selling in a down‑trending environment. Investors should view HSKB’s activity as a potential indicator of bearish sentiment among institutional owners, though the fund’s motive appears more transactional than strategic.

Investor Takeaway: Watch the Flow, Not Just the Price

ZoomInfo’s price dynamics—slumping from a peak of $12.63 to $7.81—combined with active insider transactions, suggest a period of uncertainty. The CFO’s buying spree may signal confidence in management, yet the simultaneous sales of restricted shares could reflect liquidity needs or a hedge against further downside. For portfolio managers, this underscores the importance of monitoring both share flows and price momentum. A modest 391 % social‑media buzz, coupled with neutral sentiment, indicates that market participants are actively debating the stock’s direction. Until ZoomInfo can demonstrate clearer earnings growth or a strategic pivot, cautious positioning and a focus on valuation multiples may be prudent.