Zuora, Inc. (NYSE:ZUO) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its position in Zuora, Inc. (NYSE:ZUOGet Rating) by 33.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,466 shares of the company’s stock after purchasing an additional 73,660 shares during the period. State of New Jersey Common Pension Fund D owned about 0.22% of Zuora worth $2,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ZUO. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Zuora in the 3rd quarter valued at $41,000. Emerald Advisers LLC raised its position in Zuora by 56.9% during the third quarter. Emerald Advisers LLC now owns 8,000 shares of the company’s stock worth $59,000 after acquiring an additional 2,900 shares during the period. Lazard Asset Management LLC acquired a new position in Zuora during the second quarter worth $71,000. Verition Fund Management LLC acquired a new position in Zuora during the second quarter worth $146,000. Finally, Prudential Financial Inc. acquired a new position in Zuora during the second quarter worth $158,000. 69.11% of the stock is currently owned by institutional investors and hedge funds.

Zuora Price Performance

Zuora stock opened at $6.89 on Thursday. Zuora, Inc. has a 52-week low of $5.45 and a 52-week high of $17.15. The firm has a market capitalization of $920.50 million, a price-to-earnings ratio of -7.10 and a beta of 1.80. The company has a fifty day simple moving average of $6.83 and a 200-day simple moving average of $7.73. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.13.

Zuora (NYSE:ZUOGet Rating) last released its earnings results on Tuesday, December 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. Zuora had a negative net margin of 32.65% and a negative return on equity of 61.56%. The business had revenue of $101.07 million during the quarter, compared to analyst estimates of $99.50 million. On average, equities analysts anticipate that Zuora, Inc. will post -0.98 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group reduced their price objective on shares of Zuora from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, December 9th. The Goldman Sachs Group assumed coverage on shares of Zuora in a research report on Friday, October 21st. They set a “neutral” rating and a $9.00 price objective for the company. Finally, Craig Hallum reduced their price objective on shares of Zuora from $16.00 to $10.00 in a research report on Wednesday, December 7th.

Insider Activity at Zuora

In related news, Director Amy Guggenheim Shenkan sold 4,133 shares of the company’s stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $6.69, for a total value of $27,649.77. Following the completion of the sale, the director now owns 40,087 shares of the company’s stock, valued at $268,182.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Amy Guggenheim Shenkan sold 4,133 shares of the company’s stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $6.69, for a total value of $27,649.77. Following the completion of the sale, the director now owns 40,087 shares of the company’s stock, valued at $268,182.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Todd Mcelhatton sold 24,590 shares of the stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $6.32, for a total transaction of $155,408.80. Following the transaction, the chief financial officer now directly owns 119,722 shares of the company’s stock, valued at approximately $756,643.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,735 shares of company stock valued at $667,708. 9.08% of the stock is owned by company insiders.

Zuora Profile

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Zuora, Inc, together with its subsidiaries, provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an orchestration engine that allows customers quote-to-revenue operations.

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Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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