Stifel Financial Corp Grows Stock Position in Zuora, Inc. (NYSE:ZUO)

Stifel Financial Corp boosted its position in Zuora, Inc. (NYSE:ZUO) by 33.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,813 shares of the company’s stock after buying an additional 10,981 shares during the period. Stifel Financial Corp’s holdings in Zuora were worth $378,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Scalar Gauge Management LLC lifted its position in Zuora by 27.4% in the third quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company’s stock valued at $55,897,000 after purchasing an additional 1,393,327 shares during the period. Solel Partners LP lifted its holdings in shares of Zuora by 13.5% in the 2nd quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock valued at $40,299,000 after buying an additional 483,445 shares during the period. Potrero Capital Research LLC grew its stake in shares of Zuora by 8.1% during the 3rd quarter. Potrero Capital Research LLC now owns 2,949,360 shares of the company’s stock worth $25,423,000 after purchasing an additional 219,863 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Zuora by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,153,372 shares of the company’s stock worth $9,942,000 after acquiring an additional 4,432 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Zuora by 27.4% in the second 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 during the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

Insider Activity

In related news, CFO Todd Mcelhatton sold 51,879 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $432,670.86. Following the completion of the transaction, the chief financial officer now owns 356,875 shares of the company’s stock, valued at approximately $2,976,337.50. This represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Peter Hirsch sold 18,855 shares of the company’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 value of $170,826.30. Following the completion of the transaction, the insider now directly owns 19,279 shares in the company, valued at approximately $174,667.74. The trade was a 49.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 221,081 shares of company stock worth $1,857,391. 8.62% of the stock is currently owned by company insiders.

Zuora Stock Down 0.1 %

NYSE ZUO opened at $9.92 on Friday. The stock has a market cap of $1.52 billion, a PE ratio of -20.24 and a beta of 1.66. The business has a 50 day moving average price of $9.92 and a two-hundred day moving average price of $9.31. Zuora, Inc. has a fifty-two week low of $7.70 and a fifty-two week high of $10.85. The company has a quick ratio of 2.77, a current ratio of 2.62 and a debt-to-equity ratio of 2.00.

Wall Street Analyst Weigh In

Several research firms have issued reports on ZUO. 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. Needham & Company LLC reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Zuora in a research note on Monday, October 21st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.43.

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.