Entropy Technologies LP lifted its holdings in shares of Zuora, Inc. (NYSE:ZUO - Free Report) by 214.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 56,573 shares of the company's stock after purchasing an additional 38,600 shares during the period. Entropy Technologies LP's holdings in Zuora were worth $561,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Scalar Gauge Management LLC lifted its position in shares of Zuora by 27.4% in the 3rd quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company's stock worth $55,897,000 after purchasing an additional 1,393,327 shares during the period. State Street Corp lifted its position in shares of Zuora by 0.3% in the 3rd quarter. State Street Corp now owns 3,302,811 shares of the company's stock worth $28,470,000 after purchasing an additional 10,424 shares during the period. Geode Capital Management LLC lifted its position in shares of Zuora by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,137,007 shares of the company's stock worth $27,047,000 after purchasing an additional 119,439 shares during the period. Potrero Capital Research LLC lifted its position in Zuora by 8.1% during the 3rd quarter. Potrero Capital Research LLC now owns 2,949,360 shares of the company's stock valued at $25,423,000 after acquiring an additional 219,863 shares during the period. Finally, Samson Rock Capital LLP lifted its position in Zuora by 598.4% during the 4th quarter. Samson Rock Capital LLP now owns 2,095,340 shares of the company's stock valued at $20,786,000 after acquiring an additional 1,795,340 shares during the period. Institutional investors own 83.02% of the company's stock.
Zuora Price Performance
ZUO stock remained flat at $10.02 during trading on Friday. The firm's 50 day moving average price is $9.96 and its two-hundred day moving average price is $9.45. The firm has a market capitalization of $1.54 billion, a PE ratio of -20.45 and a beta of 1.67. Zuora, Inc. has a one year low of $7.70 and a one year high of $10.85. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.62.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Needham & Company LLC restated a "hold" rating and set a $15.00 price objective on shares of Zuora in a research note on Monday, October 21st. Lake Street Capital reiterated a "hold" rating and issued a $10.00 price target on shares of Zuora in a research note on Friday, October 18th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Zuora has an average rating of "Hold" and a consensus price target of $11.33.
View Our Latest Stock Report on Zuora
Insiders Place Their Bets
In related news, insider Peter Hirsch sold 19,469 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $9.97, for a total transaction of $194,105.93. Following the completion of the transaction, the insider now owns 24,146 shares in the company, valued at $240,735.62. The trade was a 44.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew R. Dobson sold 2,908 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $28,876.44. Following the transaction, the chief accounting officer now owns 83,958 shares of the company's stock, valued at $833,702.94. This trade represents a 3.35 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 207,868 shares of company stock valued at $2,064,908. Insiders own 8.62% of the company's stock.
About Zuora
(
Free Report)
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.
Further Reading
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