New York City-based RPD Fund Management increased its ZoomInfo position by 725,616 shares in the third quarter, leading to a $13.7 million change in overall position value. The fund now holds nearly 6.9 million GTM shares valued at $75.3 million as of September 30. This move boosted RPD’s GTM position to 29.6% of its 13F assets under management.

ZoomInfo operates at scale with thousands of employees and offers various products like ZoomInfo Copilot, Sales, Marketing, Operations, Talent, and Lite. The company generates revenue primarily through subscription-based access to its data-driven platform, serving a diverse customer base across industries such as software, business services, manufacturing, telecommunications, and financial services.

ZoomInfo posted record third-quarter revenue of $318 million, up 5% year-over-year, with GAAP operating income jumping 55% to $67.5 million and adjusted operating margin at 37%. The company also generated $93.8 million in operating cash flow, showing improved fundamentals. Despite a slide in share price, RPD Fund Management’s increased exposure highlights confidence in ZoomInfo’s potential for growth and margin expansion.

Read more at Yahoo Finance: Could This Fund’s $75 Million Bet on ZoomInfo Pay Off After the Stock’s 85% Collapse?