The lawsuit covers a class period from November 3, 2025, through May 11, 2026. According to the complaint, after the market closed on May 11, 2026, ZoomInfo slashed its full-year 2026 revenue guidance by approximately $62 million at the midpoint and announced it would eliminate 20% of its workforce. On May 12, 2026, the company’s stock fell approximately 33%, dropping from $6.04 to $4.06 per share in a single trading session.
Investors who purchased GTM shares during the class period can check whether they may be eligible to participate in this case.
A Data Platform Built on Subscriptions
ZoomInfo operates a subscription-based software platform that provides business-to-business contact and company data, buyer-intent signals, and AI-driven workflow tools for sales, marketing, recruiting, and revenue operations teams. The company generates revenue primarily through annual subscription contracts, with pricing structured by feature sets, seat count, and data access volume.
During the class period, ZoomInfo’s common stock traded on Nasdaq under the symbol “GTM.” The complaint describes ZoomInfo as a go-to-market intelligence and engagement platform for sales, marketing, operations, and recruiting professionals, with a business model allegedly vulnerable to pressure on seat-based subscription licenses. The lawsuit targets a vulnerability at the core of ZoomInfo’s business model: its reliance on seat-based subscription licenses sold to sales and marketing teams, which the complaint alleges were under increasing pressure throughout the class period.
