Creative Planning Sells 13,918 Shares of Zuora, Inc. (NYSE:ZUO)

Creative Planning lessened its stake in Zuora, Inc. (NYSE:ZUO) by 51.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,245 shares of the company’s stock after selling 13,918 shares during the quarter. Creative Planning’s holdings in Zuora were worth $114,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ZUO. Swiss National Bank increased its holdings in shares of Zuora by 2.1% in the first quarter. Swiss National Bank now owns 253,200 shares of the company’s stock worth $2,309,000 after purchasing an additional 5,300 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Zuora by 7.9% in the 1st quarter. Russell Investments Group Ltd. now owns 80,804 shares of the company’s stock worth $737,000 after acquiring an additional 5,935 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Zuora by 12.8% during the 1st quarter. ProShare Advisors LLC now owns 26,615 shares of the company’s stock worth $243,000 after acquiring an additional 3,029 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Zuora by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock valued at $157,434,000 after acquiring an additional 917,565 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Zuora by 33.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 740,986 shares of the company’s stock valued at $6,759,000 after purchasing an additional 186,329 shares in the last quarter. Institutional investors own 83.02% of the company’s stock.

Wall Street Analysts Forecast Growth

ZUO has been the topic of several recent research reports. Needham & Company LLC restated a “hold” rating and set a $15.00 target price on shares of Zuora in a research report on Monday, October 21st. Lake Street Capital reissued a “hold” rating and set a $10.00 price objective on shares of Zuora in a research note on Friday, October 18th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research note on Thursday, August 22nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $11.43.

Zuora Stock Down 0.1 %

NYSE:ZUO opened at $9.89 on Wednesday. The firm has a market capitalization of $1.50 billion, a P/E ratio of -30.91 and a beta of 1.70. The company’s fifty day moving average price is $9.14 and its 200-day moving average price is $9.33. Zuora, Inc. has a 1-year low of $7.70 and a 1-year high of $10.85. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77.

Zuora (NYSE:ZUO) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.10 by $0.09. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $112.63 million. During the same quarter in the prior year, the firm posted ($0.12) EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year.

Insider Transactions at Zuora

In other Zuora news, CFO Todd Mcelhatton sold 51,879 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $432,670.86. Following the completion of the sale, the chief financial officer now directly owns 356,875 shares of the company’s stock, valued at $2,976,337.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Zuora news, insider Peter Hirsch sold 18,855 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total transaction of $170,826.30. Following the completion of the transaction, the insider now 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 filing with the SEC, which is available through the SEC website. Also, CFO Todd Mcelhatton sold 51,879 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $432,670.86. Following the completion of the sale, the chief financial officer now directly owns 356,875 shares in the company, valued at $2,976,337.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 221,081 shares of company stock worth $1,857,391 in the last ninety days. Insiders own 8.62% of the company’s stock.

About Zuora

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.