A securities class action has been filed against ZoomInfo Technologies Inc. (GTM) on behalf of persons and entities who purchased or otherwise acquired securities of ZoomInfo between November 3, 2025 through May 11, 2026. This case has been filed in the USDC – WDWA.
According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of ZoomInfo’s slowing growth, its legacy seat-based subscription platforms, and weakening customer retention in its downmarket segment. Further, the Company minimized concerns that customers were moving towards consumption-based usage models and developing internal AI-driven go-to-market solutions.
On May 11, 2026, ZoomInfo announced its first quarter 2026 financial results, unveiling a sharp decline in growth outlook and accordingly lowered its 2026 full year financial guidance.
Following this news, the price of ZoomInfo’s common stock declined dramatically from a closing market price of $6.04 per share on May 11, 2026, ZoomInfo’s stock price fell to $4.06 per share on May 12, 2026, a decline of about 33%.