272 Capital LP Buys 108,201 Shares of Zuora, Inc. (NYSE:ZUO)

272 Capital LP grew its stake in shares of Zuora, Inc. (NYSE:ZUO) by 28.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 493,527 shares of the company’s stock after acquiring an additional 108,201 shares during the quarter. Zuora comprises about 2.2% of 272 Capital LP’s portfolio, making the stock its 14th biggest holding. 272 Capital LP owned approximately 0.33% of Zuora worth $4,254,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zuora during the 2nd quarter valued at $44,000. Quarry LP lifted its position in shares of Zuora by 504.9% during the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock worth $53,000 after buying an additional 5,145 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Zuora during the 3rd quarter worth $63,000. CWM LLC lifted its position in shares of Zuora by 25.0% during the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after buying an additional 1,590 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Zuora during the 2nd quarter worth $85,000. 83.02% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Andrew M. Cohen sold 20,773 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $173,246.82. Following the completion of the sale, the insider now owns 172,033 shares of the company’s stock, valued at approximately $1,434,755.22. This represents a 10.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value 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 approximately $174,667.74. The trade was a 49.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 221,081 shares of company stock valued at $1,857,391. Company insiders own 8.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ZUO shares. Canaccord Genuity Group restated a “buy” rating and set a $13.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Needham & Company LLC reiterated a “hold” rating and issued a $15.00 target price on shares of Zuora in a research report on Monday, October 21st. Finally, Lake Street Capital reiterated a “hold” rating and issued a $10.00 target price on shares of Zuora in a research report on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Zuora currently has an average rating of “Hold” and a consensus price target of $11.43.

Zuora Trading Down 0.2 %

Shares of ZUO stock opened at $9.93 on Friday. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -20.27 and a beta of 1.66. The stock has a 50-day moving average of $9.70 and a 200-day moving average of $9.30. The company has a current ratio of 2.62, a quick ratio of 2.77 and a debt-to-equity ratio of 2.00. Zuora, Inc. has a 1-year low of $7.70 and a 1-year high of $10.85.

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.