Mutual of America Capital Management LLC Sells 574,638 Shares of Zuora, Inc. (NYSE:ZUO)

Mutual of America Capital Management LLC lowered its position in shares of Zuora, Inc. (NYSE:ZUO - Free Report) by 77.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 171,479 shares of the company's stock after selling 574,638 shares during the quarter. Mutual of America Capital Management LLC owned about 0.11% of Zuora worth $1,478,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ZUO. BDF Gestion purchased a new stake in shares of Zuora in the 2nd quarter worth approximately $3,426,000. Divisar Capital Management LLC purchased a new stake in shares of Zuora in the second quarter worth $4,575,000. Scalar Gauge Management LLC increased its holdings in shares of Zuora by 35.4% during the second 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 in the last quarter. SG Americas Securities LLC purchased a new position in shares of Zuora in the 3rd quarter worth about $493,000. Finally, Samson Rock Capital LLP raised its position in shares of Zuora by 81.8% in the 3rd quarter. Samson Rock Capital LLP now owns 300,000 shares of the company's stock worth $2,586,000 after purchasing an additional 135,000 shares during the last quarter. Institutional investors own 83.02% of the company's stock.

Zuora Stock Performance

Shares of NYSE:ZUO traded up $0.04 during trading on Tuesday, hitting $9.94. The company's stock had a trading volume of 3,076,474 shares, compared to its average volume of 1,833,340. 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 firm has a market cap of $1.51 billion, a price-to-earnings ratio of -30.94 and a beta of 1.70. The company has a 50-day moving average of $9.39 and a 200-day moving average of $9.31. Zuora, Inc. has a 12 month low of $7.70 and a 12 month high of $10.85.

Analyst Upgrades and Downgrades

ZUO has been the subject of a number of analyst reports. Lake Street Capital restated a "hold" rating and set a $10.00 price objective on shares of Zuora in a research note on Friday, October 18th. 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. Finally, Needham & Company LLC reaffirmed a "hold" rating and issued 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 issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $11.43.

Insider Buying and Selling at Zuora

In other news, insider Peter Hirsch sold 18,855 shares of Zuora stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total transaction of $170,826.30. Following the transaction, the insider now directly owns 19,279 shares of the company's stock, valued at $174,667.74. The trade was a 49.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew M. Cohen sold 20,773 shares of the firm's 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 sale, the insider now owns 172,033 shares in the company, valued at approximately $1,434,755.22. The trade was a 10.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,081 shares of company stock valued at $1,857,391. Insiders own 8.62% of the company's stock.

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.