Zuora, Inc. (NYSE:ZUO) is Western Standard LLC's 4th Largest Position

Western Standard LLC boosted its stake in shares of Zuora, Inc. (NYSE:ZUO - Free Report) by 14.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 866,785 shares of the company's stock after buying an additional 111,550 shares during the quarter. Zuora makes up approximately 7.0% of Western Standard LLC's portfolio, making the stock its 4th largest holding. Western Standard LLC owned about 0.57% of Zuora worth $7,472,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zuora in the second quarter valued at approximately $44,000. Quarry LP lifted its position in shares of Zuora by 504.9% during the third quarter. Quarry LP now owns 6,164 shares of the company's stock worth $53,000 after acquiring an additional 5,145 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Zuora in the third quarter worth $63,000. CWM LLC raised its stake in shares of Zuora by 25.0% during the 2nd 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. Finally, Castleview Partners LLC purchased a new stake in Zuora during the 3rd quarter worth about $79,000. Hedge funds and other institutional investors own 83.02% of the company's stock.

Insider Buying and Selling

In other Zuora 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 value of $173,246.82. Following the transaction, the insider now directly owns 172,033 shares of the company's stock, valued at $1,434,755.22. The trade was a 10.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Hirsch sold 18,855 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total value of $170,826.30. Following the sale, the insider now directly owns 19,279 shares of the company's stock, valued at approximately $174,667.74. This trade represents a 49.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 221,081 shares of company stock worth $1,857,391 in the last quarter. 8.62% of the stock is owned by insiders.

Zuora Price Performance

ZUO stock traded up $0.01 during mid-day trading on Friday, hitting $9.98. 835,892 shares of the stock were exchanged, compared to its average volume of 1,829,021. The business has a fifty day moving average price of $9.59 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. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of -31.16 and a beta of 1.66.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ZUO. Canaccord Genuity Group reaffirmed a "buy" rating and set a $13.00 target price on shares of Zuora in a 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 note on Friday, October 18th. Finally, Needham & Company LLC reiterated a "hold" rating and issued a $15.00 target price on shares of Zuora in a research note on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $11.43.

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.