Zuora, Inc. (NYSE:ZUO) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in Zuora, Inc. (NYSE:ZUO) by 36.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,093 shares of the company’s stock after selling 20,519 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Zuora were worth $303,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ZUO. Scalar Gauge Management LLC grew its position in shares of 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 during the last quarter. Vanguard Group Inc. grew its position in shares of Zuora by 5.6% in the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock valued at $157,434,000 after purchasing an additional 917,565 shares during the last quarter. Bares Capital Management Inc. grew its position in shares of Zuora by 41.4% in the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock valued at $15,926,000 after purchasing an additional 511,292 shares during the last quarter. Solel Partners LP grew its position 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. Finally, Divisar Capital Management LLC acquired a new stake in shares of Zuora in the second quarter valued at approximately $4,575,000. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 value of $532,700.82. Following the sale, the chief executive officer now directly owns 63,312 shares in the company, valued at $528,022.08. This trade represents a 50.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Todd Mcelhatton sold 51,879 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 $432,670.86. Following the completion of the sale, the chief financial officer now owns 356,875 shares in the company, valued at approximately $2,976,337.50. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,081 shares of company stock valued at $1,857,391 in the last ninety days. Corporate insiders own 8.62% of the company’s stock.

Wall Street Analyst Weigh In

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

Zuora Price Performance

Shares of ZUO stock opened at $9.90 on Monday. The firm has a market cap of $1.50 billion, a P/E ratio of -30.94 and a beta of 1.70. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77. Zuora, Inc. has a 1-year low of $7.70 and a 1-year high of $10.85. The firm has a fifty day moving average of $9.24 and a two-hundred day moving average of $9.33.

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

Zuora Company 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.