Zuora, Inc. (NYSE:ZUO) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in shares of Zuora, Inc. (NYSE:ZUO - Free Report) by 534.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,015 shares of the company's stock after acquiring an additional 82,555 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of Zuora worth $845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Zuora during the 2nd quarter worth approximately $44,000. CWM LLC grew its position in Zuora by 25.0% in the 2nd quarter. CWM LLC now owns 7,945 shares of the company's stock valued at $79,000 after acquiring an additional 1,590 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Zuora in the 2nd quarter valued at $85,000. Castleview Partners LLC bought a new position in Zuora in the 3rd quarter valued at $79,000. Finally, Palumbo Wealth Management LLC grew its position in shares of Zuora by 11.7% during the 3rd quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company's stock worth $99,000 after buying an additional 1,210 shares in the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Zuora

In related news, insider Andrew M. Cohen sold 20,773 shares of Zuora stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $173,246.82. Following the transaction, the insider now owns 172,033 shares in the company, valued at approximately $1,434,755.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Andrew M. Cohen sold 20,773 shares of Zuora stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $173,246.82. Following the transaction, the insider now owns 172,033 shares in the company, valued at approximately $1,434,755.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Todd Mcelhatton sold 51,879 shares of Zuora stock in a transaction 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 221,081 shares of company stock valued at $1,857,391 over the last ninety days. Insiders own 8.62% of the company's stock.

Zuora Price Performance

Shares of NYSE:ZUO traded up $0.03 during trading on Monday, reaching $9.90. The stock had a trading volume of 2,455,030 shares, compared to its average volume of 1,756,714. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77. The business has a fifty day moving average price of $9.11 and a 200-day moving average price of $9.33. The stock has a market cap of $1.50 billion, a PE ratio of -30.94 and a beta of 1.70. Zuora, Inc. has a 1-year low of $7.70 and a 1-year high of $10.85.

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

Wall Street Analyst Weigh In

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

Zuora 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.