BNP Paribas Financial Markets Increases Stake in Zuora, Inc. (NYSE:ZUO)

BNP Paribas Financial Markets lifted its holdings in Zuora, Inc. (NYSE:ZUO - Free Report) by 71.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,270 shares of the company's stock after buying an additional 70,349 shares during the period. BNP Paribas Financial Markets owned approximately 0.11% of Zuora worth $1,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Scalar Gauge Management LLC raised its holdings in Zuora by 35.4% in the 2nd 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 during the last quarter. Solel Partners LP increased its holdings in shares of Zuora by 13.5% in the second quarter. Solel Partners LP now owns 4,058,308 shares of the company's stock valued at $40,299,000 after purchasing an additional 483,445 shares during the last quarter. Divisar Capital Management LLC purchased a new position in Zuora during the second quarter worth approximately $4,575,000. Squarepoint Ops LLC lifted its position in Zuora by 884.0% during the second quarter. Squarepoint Ops LLC now owns 333,817 shares of the company's stock worth $3,315,000 after buying an additional 299,894 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Zuora by 27.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 985,632 shares of the company's stock worth $9,787,000 after buying an additional 212,200 shares during the last quarter. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Zuora

In other Zuora news, insider Andrew M. Cohen sold 20,773 shares of the business's stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $173,246.82. Following the sale, the insider now directly owns 172,033 shares in the company, valued at $1,434,755.22. This represents a 10.77 % decrease in their ownership of the stock. 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 firm's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total transaction of $170,826.30. Following the completion of the transaction, the insider now directly owns 19,279 shares of the company's stock, valued at approximately $174,667.74. The trade was a 49.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 221,081 shares of company stock valued at $1,857,391 over the last quarter. 8.62% of the stock is owned by company insiders.

Zuora Trading Down 0.4 %

Shares of Zuora stock traded down $0.04 on Monday, reaching $9.95. The company had a trading volume of 1,606,250 shares, compared to its average volume of 1,829,696. The firm's 50 day moving average price is $9.64 and its two-hundred day moving average price is $9.29. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77. Zuora, Inc. has a 52-week low of $7.70 and a 52-week high of $10.85. The firm has a market cap of $1.51 billion, a PE ratio of -31.08 and a beta of 1.66.

Analyst Ratings Changes

Several research firms have recently commented on ZUO. Lake Street Capital reiterated a "hold" rating and set a $10.00 price target on shares of Zuora in a report on Friday, October 18th. Canaccord Genuity Group reiterated a "buy" rating and issued a $13.00 target price on shares of Zuora in a report on Thursday, August 22nd. Finally, Needham & Company LLC restated a "hold" rating and set a $15.00 price target on shares of Zuora in a report on Monday, October 21st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Zuora presently has a consensus rating of "Hold" and a consensus target price of $11.43.

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.