Algert Global LLC Has $1.97 Million Stock Position in Zuora, Inc. (NYSE:ZUO)

Algert Global LLC lifted its stake in shares of Zuora, Inc. (NYSE:ZUO - Free Report) by 96.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,855 shares of the company's stock after purchasing an additional 112,420 shares during the period. Algert Global LLC owned approximately 0.15% of Zuora worth $1,973,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ZUO. Vanguard Group Inc. raised its position in Zuora by 5.6% during the first 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 in the last quarter. Scalar Gauge Management LLC lifted its position in shares of 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 buying an additional 1,332,343 shares during the last quarter. Solel Partners LP increased its holdings in shares of Zuora by 13.5% during the 2nd quarter. Solel Partners LP now owns 4,058,308 shares of the company's stock valued at $40,299,000 after acquiring an additional 483,445 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Zuora by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,153,372 shares of the company's stock valued at $9,942,000 after acquiring an additional 4,432 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Zuora by 27.4% in the 2nd 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 last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on ZUO. Canaccord Genuity Group reiterated a "buy" rating and issued a $13.00 target price on shares of Zuora in a research note on Thursday, August 22nd. Needham & Company LLC restated a "hold" rating and issued a $15.00 price objective on shares of Zuora in a research note on Monday, October 21st. Finally, Lake Street Capital restated a "hold" rating and issued a $10.00 target price on shares of Zuora in a research note on Friday, October 18th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $11.43.

Insider Buying and Selling at Zuora

In other 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 value of $170,826.30. Following the transaction, the insider now owns 19,279 shares of the company's stock, valued at $174,667.74. This represents a 49.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tien Tzuo sold 63,873 shares of the company's stock in a transaction dated Thursday, October 3rd. The shares were 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 owns 63,312 shares of the company's stock, valued at $528,022.08. This represents a 50.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 221,081 shares of company stock worth $1,857,391. Insiders own 8.62% of the company's stock.

Zuora Stock Down 0.2 %

Shares of Zuora stock traded down $0.02 during trading on Thursday, reaching $9.92. The company's stock had a trading volume of 1,114,020 shares, compared to its average volume of 3,247,443. The stock has a 50-day moving average price of $9.43 and a two-hundred day moving average price of $9.32. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77. Zuora, Inc. has a one year low of $7.70 and a one 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.