Baillie Gifford & Co. Has $21.16 Million Stake in Zuora, Inc. (NYSE:ZUO)

Baillie Gifford & Co. trimmed its position in Zuora, Inc. (NYSE:ZUO - Free Report) by 6.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,454,747 shares of the company's stock after selling 175,228 shares during the period. Baillie Gifford & Co. owned approximately 1.62% of Zuora worth $21,160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ZUO. BDF Gestion acquired a new stake in Zuora in the 2nd quarter valued at approximately $3,426,000. Divisar Capital Management LLC acquired a new position in Zuora during the second quarter worth $4,575,000. Scalar Gauge Management LLC grew its position in Zuora by 35.4% in the second quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company's stock valued at $50,556,000 after purchasing an additional 1,332,343 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Zuora in the 3rd quarter valued at $493,000. Finally, Mutual of America Capital Management LLC lifted its position in Zuora by 18.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 746,117 shares of the company's stock worth $7,409,000 after buying an additional 113,597 shares in the last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Tien Tzuo sold 63,873 shares of Zuora stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $532,700.82. Following the completion of the sale, the chief executive officer now owns 63,312 shares of the company's stock, valued at approximately $528,022.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Tien Tzuo sold 63,873 shares of the 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 $532,700.82. Following the transaction, the chief executive officer now owns 63,312 shares in the company, valued at approximately $528,022.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Hirsch sold 18,855 shares of the business's stock in a transaction 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 completion of the sale, the insider now owns 19,279 shares of the company's stock, valued at $174,667.74. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 221,081 shares of company stock valued at $1,857,391 over the last ninety days. 8.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ZUO. Lake Street Capital restated a "hold" rating and issued a $10.00 price objective on shares of Zuora in a report on Friday, October 18th. Needham & Company LLC restated a "hold" rating and issued a $15.00 price target on shares of Zuora in a research note on Monday, October 21st. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $13.00 price objective on shares of Zuora in a research note on Thursday, August 22nd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Zuora has a consensus rating of "Hold" and a consensus price target of $11.43.

Zuora Stock Performance

NYSE:ZUO traded up $0.01 on Wednesday, hitting $9.90. The company's stock had a trading volume of 2,167,840 shares, compared to its average volume of 1,778,601. Zuora, Inc. has a one year low of $7.70 and a one year high of $10.85. The firm has a market capitalization of $1.50 billion, a P/E ratio of -30.94 and a beta of 1.70. The stock has a fifty day moving average of $9.16 and a two-hundred day moving average of $9.33. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.90.

Zuora (NYSE:ZUO - Get Free Report) last posted its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.09. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $112.63 million. During the same period in the previous year, the firm earned ($0.12) EPS. The firm's revenue was up 6.8% compared to the same quarter last year.

About Zuora

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.