Readystate Asset Management LP Acquires Shares of 81,365 Zuora, Inc. (NYSE:ZUO)

Readystate Asset Management LP acquired a new stake in Zuora, Inc. (NYSE:ZUO - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,365 shares of the company's stock, valued at approximately $701,000. Readystate Asset Management LP owned about 0.05% of Zuora as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in ZUO. Point72 Asia Singapore Pte. Ltd. acquired a new position in Zuora in the second quarter valued at approximately $44,000. Point72 Hong Kong Ltd purchased a new stake in Zuora in the third quarter valued at approximately $63,000. CWM LLC raised its position in Zuora by 25.0% in the second quarter. CWM LLC now owns 7,945 shares of the company's stock valued at $79,000 after purchasing an additional 1,590 shares during the period. Castleview Partners LLC purchased a new stake in Zuora in the third quarter valued at approximately $79,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Zuora in the second quarter valued at approximately $85,000. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Zuora Stock Up 0.1 %

Shares of Zuora stock traded up $0.01 during trading hours on Friday, reaching $9.98. 1,183,503 shares of the company were exchanged, compared to its average volume of 1,830,639. Zuora, Inc. has a 1 year low of $7.70 and a 1 year high of $10.85. The stock's fifty day moving average is $9.61 and its 200 day moving average is $9.30. 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 firm has a market cap of $1.51 billion, a PE ratio of -31.19 and a beta of 1.66.

Analyst Ratings Changes

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

Insider Transactions at Zuora

In related news, CEO Tien Tzuo sold 63,873 shares of the business's stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $532,700.82. Following the completion of the transaction, the chief executive officer now owns 63,312 shares in the company, valued at approximately $528,022.08. The trade was a 50.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Robert J. Traube sold 62,707 shares of the business's stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $522,976.38. Following the transaction, the executive now owns 109,704 shares of the company's stock, valued at approximately $914,931.36. The trade was a 36.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 221,081 shares of company stock valued at $1,857,391. 8.62% of the stock is currently owned by company insiders.

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.