272 Capital LP Has $4.25 Million Position in Zuora, Inc. (NYSE:ZUO)

272 Capital LP lifted its stake in Zuora, Inc. (NYSE:ZUO - Free Report) by 28.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 493,527 shares of the company's stock after acquiring an additional 108,201 shares during the period. Zuora makes up 2.2% of 272 Capital LP's portfolio, making the stock its 14th largest holding. 272 Capital LP owned approximately 0.33% of Zuora worth $4,254,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ZUO. Divisar Capital Management LLC bought a new stake in Zuora in the 2nd quarter valued at $4,575,000. Scalar Gauge Management LLC raised its position in Zuora by 35.4% in 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 in the last quarter. SG Americas Securities LLC bought a new position in Zuora during the third quarter worth about $493,000. BDF Gestion boosted its holdings in Zuora by 34.8% during the third quarter. BDF Gestion now owns 465,000 shares of the company's stock valued at $4,008,000 after purchasing an additional 120,000 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of Zuora by 18.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 746,117 shares of the company's stock valued at $7,409,000 after purchasing an additional 113,597 shares during the period. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zuora

In related 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 transaction of $173,246.82. Following the completion of the transaction, the insider now directly owns 172,033 shares in the company, valued at approximately $1,434,755.22. This trade represents a 10.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $432,670.86. Following the completion of the sale, the chief financial officer now owns 356,875 shares in the company, valued at $2,976,337.50. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,081 shares of company stock valued at $1,857,391. 8.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Zuora Trading Down 0.1 %

Shares of ZUO stock traded down $0.01 on Friday, hitting $9.92. The stock had a trading volume of 997,094 shares, compared to its average volume of 1,828,843. The firm has a market cap of $1.50 billion, a P/E ratio of -20.27 and a beta of 1.66. Zuora, Inc. has a twelve month low of $7.70 and a twelve month high of $10.85. The company has a current ratio of 2.62, a quick ratio of 2.77 and a debt-to-equity ratio of 2.00. The company has a fifty day moving average price of $9.73 and a two-hundred day moving average price of $9.30.

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.