Zuora, Inc. (NYSE:ZUO) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in shares of Zuora, Inc. (NYSE:ZUO) by 274.9% during the third quarter, HoldingsChannel reports. The firm owned 66,279 shares of the company’s stock after purchasing an additional 48,601 shares during the quarter. Victory Capital Management Inc.’s holdings in Zuora were worth $571,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ZUO. Vanguard Group Inc. lifted its holdings in Zuora by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock worth $157,434,000 after buying an additional 917,565 shares in the last quarter. Scalar Gauge Management LLC lifted its stake 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 worth $50,556,000 after acquiring an additional 1,332,343 shares in the last quarter. Solel Partners LP boosted its holdings in 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. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Zuora by 27.4% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 985,632 shares of the company’s stock valued at $9,787,000 after purchasing an additional 212,200 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in Zuora by 3.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 822,830 shares of the company’s stock worth $8,171,000 after purchasing an additional 28,865 shares during the last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zuora

In related news, insider Peter Hirsch sold 18,855 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 owns 19,279 shares in the company, valued at $174,667.74. The trade was a 49.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tien Tzuo sold 63,873 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $532,700.82. Following the transaction, the chief executive officer now owns 63,312 shares of the company’s stock, valued at approximately $528,022.08. The trade was a 50.22 % 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 quarter. Insiders own 8.62% of the company’s stock.

Zuora Stock Down 0.2 %

Shares of NYSE:ZUO opened at $9.92 on Friday. The company’s fifty day moving average is $9.46 and its two-hundred day moving average is $9.32. 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 1-year low of $7.70 and a 1-year high of $10.85. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -31.00 and a beta of 1.70.

Analyst Ratings Changes

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

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.