Cwm LLC Sells 1,392 Shares of Zuora, Inc. (NYSE:ZUO)

Cwm LLC cut its stake in Zuora, Inc. (NYSE:ZUO) by 16.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,914 shares of the company’s stock after selling 1,392 shares during the period. Cwm LLC’s holdings in Zuora were worth $65,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Zuora by 4.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,966 shares of the company’s stock worth $263,000 after buying an additional 1,239 shares during the period. Federated Hermes Inc. lifted its holdings in Zuora by 6.2% in the third quarter. Federated Hermes Inc. now owns 29,762 shares of the company’s stock worth $245,000 after buying an additional 1,729 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Zuora by 5.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 37,043 shares of the company’s stock worth $305,000 after buying an additional 1,910 shares during the period. Vontobel Holding Ltd. lifted its holdings in Zuora by 4.3% in the fourth quarter. Vontobel Holding Ltd. now owns 47,795 shares of the company’s stock worth $449,000 after buying an additional 1,969 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Zuora during the third quarter valued at approximately $25,000. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

Zuora Price Performance

Shares of ZUO opened at $10.56 on Thursday. The company has a market capitalization of $1.54 billion, a P/E ratio of -21.99 and a beta of 1.84. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 2.69. The firm has a 50 day moving average of $9.12 and a 200 day moving average of $8.72. Zuora, Inc. has a twelve month low of $7.05 and a twelve month high of $12.12.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.10. The company had revenue of $110.67 million during the quarter, compared to the consensus estimate of $110.80 million. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. As a group, equities research analysts anticipate that Zuora, Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ZUO has been the subject of several recent research reports. The Goldman Sachs Group upgraded shares of Zuora from a “neutral” rating to a “buy” rating and lifted their target price for the company from $10.00 to $12.00 in a report on Tuesday, January 23rd. Canaccord Genuity Group lowered their target price on shares of Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of Zuora in a report on Tuesday, April 30th. Finally, Robert W. Baird lowered their target price on shares of Zuora from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, February 29th.

Insider Buying and Selling at Zuora

In other Zuora news, CEO Tien Tzuo sold 81,635 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $8.87, for a total transaction of $724,102.45. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $56,342.24. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Zuora news, insider Andrew M. Cohen sold 11,864 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $8.61, for a total transaction of $102,149.04. Following the completion of the sale, the insider now directly owns 137,898 shares in the company, valued at approximately $1,187,301.78. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Tien Tzuo sold 81,635 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $8.87, for a total transaction of $724,102.45. Following the sale, the chief executive officer now owns 6,352 shares of the company’s stock, valued at $56,342.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 481,854 shares of company stock worth $4,393,048. Insiders own 9.25% of the company’s stock.

Zuora Company Profile

Zuora, Inc provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models. The company offers Zuora Billing that allows customers to deploy various pricing and packaging strategies to monetize their recurring revenue streams, bill customers, calculate prorations when subscriptions change, and automate billing and payment operations; Zuora Revenue, a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams; Zuora Payments to provide payment orchestration services for companies looking to operate globally; and Zephr, a digital subscriber experience platform that helps companies orchestrate dynamic experiences that increase conversion, reduce churn, and nurture ongoing subscriber relationships.