Zuora, Inc. (NYSE:ZUO) Shares Sold by Cwm LLC

Cwm LLC lowered its stake in Zuora, Inc. (NYSE:ZUOFree Report) by 17.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,579 shares of the company’s stock after selling 1,366 shares during the quarter. Cwm LLC’s holdings in Zuora were worth $57,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Zuora by 5.6% in the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock valued at $157,434,000 after buying an additional 917,565 shares during the last quarter. Scalar Gauge Management LLC increased its stake in Zuora by 35.4% during the second quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock worth $50,556,000 after purchasing an additional 1,332,343 shares during the period. Solel Partners LP increased its stake in Zuora by 13.5% during the second quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock worth $40,299,000 after purchasing an additional 483,445 shares during the period. Bares Capital Management Inc. increased its stake in Zuora by 41.4% during the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock worth $15,926,000 after purchasing an additional 511,292 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Zuora by 27.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 985,632 shares of the company’s stock worth $9,787,000 after purchasing an additional 212,200 shares during the period. Institutional investors and hedge funds own 83.02% of the company’s stock.

Zuora Stock Performance

Shares of Zuora stock opened at $9.86 on Monday. The firm has a market capitalization of $1.44 billion, a P/E ratio of -22.93 and a beta of 1.72. Zuora, Inc. has a 52 week low of $7.05 and a 52 week high of $10.85. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 1.90. The firm’s 50 day moving average is $8.89 and its two-hundred day moving average is $9.27.

Zuora (NYSE:ZUOGet Free Report) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.10 by $0.09. The company had revenue of $115.40 million for the quarter, compared to analyst estimates of $112.63 million. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) earnings per share.

Insider Activity

In other news, CEO Tien Tzuo sold 63,873 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $532,700.82. Following the completion of the sale, the chief executive officer now directly owns 63,312 shares of the company’s stock, valued at approximately $528,022.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Peter Hirsch sold 18,855 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total transaction of $170,826.30. Following the completion of the sale, the insider now directly owns 19,279 shares of the company’s stock, valued at $174,667.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tien Tzuo sold 63,873 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $532,700.82. Following the sale, the chief executive officer now directly owns 63,312 shares of the company’s stock, valued at approximately $528,022.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,081 shares of company stock valued at $1,857,391. 8.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $13.00 price target on shares of Zuora in a research note on Thursday, August 22nd. Needham & Company LLC restated a “hold” rating and set a $15.00 target price on shares of Zuora in a research note on Monday, October 21st. Lake Street Capital restated a “hold” rating and set a $10.00 target price on shares of Zuora in a research note on Friday, October 18th. Finally, Craig Hallum lowered shares of Zuora from a “buy” rating to a “hold” rating and cut their target price for the stock from $12.00 to $10.00 in a research note on Monday, July 8th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $11.43.

Check Out Our Latest Stock Analysis on Zuora

Zuora Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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