Zuora, Inc. (NYSE:ZUO) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its holdings in Zuora, Inc. (NYSE:ZUO) by 6.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 about 1.62% of Zuora worth $21,160,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Zuora during the 2nd quarter valued at $44,000. CWM LLC grew its stake in Zuora by 25.0% in the second quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after purchasing an additional 1,590 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Zuora in the second quarter valued at about $85,000. Castleview Partners LLC acquired a new stake in Zuora during the third quarter valued at approximately $79,000. Finally, Palumbo Wealth Management LLC lifted its holdings in Zuora by 11.7% during the 3rd quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock worth $99,000 after buying an additional 1,210 shares during the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

Insider Activity at Zuora

In other Zuora news, insider Peter Hirsch sold 18,855 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total transaction of $170,826.30. Following the transaction, the insider now owns 19,279 shares of the company’s stock, valued at approximately $174,667.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Tien Tzuo sold 63,873 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $532,700.82. Following the completion of the transaction, the chief executive officer now owns 63,312 shares of the company’s stock, valued at $528,022.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $170,826.30. Following the transaction, the insider now directly owns 19,279 shares in the company, valued at approximately $174,667.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 221,081 shares of company stock worth $1,857,391 over the last ninety days. 8.62% of the stock is currently owned by corporate insiders.

Zuora Stock Performance

Shares of NYSE:ZUO opened at $9.89 on Wednesday. The firm’s 50 day moving average is $9.14 and its two-hundred day moving average is $9.33. 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.

Zuora (NYSE:ZUO) last posted its earnings results on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $112.63 million. During the same period last year, the firm earned ($0.12) EPS. The firm’s revenue was up 6.8% compared to the same quarter last year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ZUO shares. Needham & Company LLC reiterated a “hold” rating and issued a $15.00 price target on shares of Zuora in a report on Monday, October 21st. Lake Street Capital reissued a “hold” rating and set a $10.00 target price on shares of Zuora in a report on Friday, October 18th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 price target on shares of Zuora in a report 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.com, Zuora has an average rating of “Hold” and a consensus price target 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.