Zuora, Inc. (NYSE:ZUO) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Zuora, Inc. (NYSE:ZUO) by 2.4% in the 3rd quarter, Holdings Channel reports. The firm owned 300,049 shares of the company’s stock after acquiring an additional 6,940 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Zuora were worth $2,586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zuora during the 2nd quarter worth approximately $44,000. CWM LLC boosted its stake in Zuora by 25.0% during the second quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after buying an additional 1,590 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Zuora during the 2nd quarter worth $85,000. Castleview Partners LLC purchased a new position in shares of Zuora during the 3rd quarter worth $79,000. Finally, Palumbo Wealth Management LLC boosted its holdings in Zuora by 11.7% in the 3rd quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock valued at $99,000 after purchasing an additional 1,210 shares during the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Insider Buying and Selling

In other Zuora news, CFO Todd Mcelhatton sold 51,879 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 356,875 shares in the company, valued at $2,976,337.50. The trade was a 12.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Peter Hirsch sold 18,855 shares of the company’s 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 of the company’s stock, valued at approximately $174,667.74. This represents a 49.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 221,081 shares of company stock valued at $1,857,391. Corporate insiders own 8.62% of the company’s stock.

Analyst Upgrades and Downgrades

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

Zuora Trading Down 0.1 %

ZUO opened at $9.92 on Friday. Zuora, Inc. has a 52 week low of $7.70 and a 52 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. The business has a fifty day simple moving average of $9.76 and a 200-day simple moving average of $9.30. The firm has a market cap of $1.52 billion, a P/E ratio of -20.24 and a beta of 1.66.

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.