SG Americas Securities LLC Raises Stock Position in Zuora, Inc. (NYSE:ZUO)

SG Americas Securities LLC raised its position in shares of Zuora, Inc. (NYSE:ZUO - Free Report) by 49.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,665 shares of the company's stock after acquiring an additional 28,465 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Zuora worth $850,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Zuora in the 2nd quarter worth about $44,000. Quarry LP increased its holdings in Zuora by 504.9% during the 3rd quarter. Quarry LP now owns 6,164 shares of the company's stock worth $53,000 after purchasing an additional 5,145 shares during the period. Point72 Hong Kong Ltd bought a new stake in Zuora during the 3rd quarter valued at $63,000. Castleview Partners LLC bought a new position in shares of Zuora during the 3rd quarter worth $79,000. Finally, Palumbo Wealth Management LLC increased its stake in shares of Zuora by 11.7% during the third quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company's stock valued at $99,000 after buying an additional 1,210 shares during the period. Hedge funds and other institutional investors own 83.02% of the company's stock.

Insider Activity

In other Zuora news, CFO Todd Mcelhatton sold 50,373 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $500,203.89. Following the completion of the transaction, the chief financial officer now owns 404,634 shares of the company's stock, valued at approximately $4,018,015.62. This trade represents a 11.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew R. Dobson sold 2,908 shares of Zuora stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $28,876.44. Following the sale, the chief accounting officer now owns 83,958 shares of the company's stock, valued at $833,702.94. The trade was a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 207,868 shares of company stock worth $2,064,908. Insiders own 8.62% of the company's stock.

Zuora Stock Down 0.1 %

ZUO traded down $0.01 during trading on Friday, hitting $9.98. The stock had a trading volume of 1,619,445 shares, compared to its average volume of 2,042,867. The stock has a 50 day simple moving average of $9.95 and a two-hundred day simple moving average of $9.40. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.62 and a current ratio of 2.62. Zuora, Inc. has a twelve month low of $7.70 and a twelve month high of $10.85. The company has a market capitalization of $1.53 billion, a PE ratio of -20.37 and a beta of 1.67.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Lake Street Capital reiterated a "hold" rating and set a $10.00 target price on shares of Zuora in a report on Friday, October 18th. Needham & Company LLC reaffirmed a "hold" rating and issued a $15.00 price target on shares of Zuora in a research report on Monday, October 21st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Zuora currently has a consensus rating of "Hold" and a consensus price target of $11.33.

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.