Zuora, Inc. (NYSE:ZUO) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in Zuora, Inc. (NYSE:ZUO - Free Report) by 59.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 395,132 shares of the company's stock after selling 590,500 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.26% of Zuora worth $3,406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ZUO. Vanguard Group Inc. raised its holdings in Zuora by 5.6% in the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company's stock valued at $157,434,000 after buying an additional 917,565 shares during the period. Scalar Gauge Management LLC raised its stake in shares of Zuora by 35.4% in the 2nd quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company's stock valued at $50,556,000 after acquiring an additional 1,332,343 shares during the period. Solel Partners LP lifted 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Zuora by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,153,372 shares of the company's stock worth $9,942,000 after purchasing an additional 4,432 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings in Zuora by 3.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 822,830 shares of the company's stock valued at $8,171,000 after purchasing an additional 28,865 shares in the last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.

Zuora Stock Up 0.1 %

ZUO stock traded up $0.01 during midday trading on Friday, hitting $9.93. 1,190,096 shares of the company's stock were exchanged, compared to its average volume of 2,954,214. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -31.03 and a beta of 1.70. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.90. The firm has a 50 day moving average price of $9.48 and a 200-day moving average price of $9.31. Zuora, Inc. has a 12-month low of $7.70 and a 12-month high of $10.85.

Insider Buying and Selling

In other news, CFO Todd Mcelhatton sold 51,879 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 value of $432,670.86. Following the completion of the transaction, the chief financial officer now owns 356,875 shares in the company, valued at approximately $2,976,337.50. This trade represents a 12.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew M. Cohen sold 20,773 shares of the company'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 $173,246.82. Following the sale, the insider now directly owns 172,033 shares in the company, valued at approximately $1,434,755.22. This represents a 10.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 221,081 shares of company stock worth $1,857,391. Insiders own 8.62% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ZUO. Needham & Company LLC reaffirmed a "hold" rating and issued a $15.00 target price on shares of Zuora in a research report on Monday, October 21st. Canaccord Genuity Group restated a "buy" rating and issued a $13.00 price target on shares of Zuora in a report on Thursday, August 22nd. Finally, Lake Street Capital reiterated a "hold" rating and set a $10.00 price objective on shares of Zuora in a research note 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 company's stock. 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.