Zuora, Inc. (NYSE:ZUO) Holdings Reduced by Strs Ohio

Strs Ohio decreased its position in Zuora, Inc. (NYSE:ZUOGet Rating) by 66.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 23,900 shares of the company’s stock after selling 47,600 shares during the period. Strs Ohio’s holdings in Zuora were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Emerald Advisers LLC grew its position in Zuora by 56.9% in the 3rd quarter. Emerald Advisers LLC now owns 8,000 shares of the company’s stock worth $59,000 after purchasing an additional 2,900 shares during the last quarter. Trellus Management Company LLC bought a new position in shares of Zuora in the third quarter valued at approximately $221,000. Raymond James & Associates boosted its holdings in shares of Zuora by 42.3% in the third quarter. Raymond James & Associates now owns 58,498 shares of the company’s stock valued at $432,000 after acquiring an additional 17,380 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Zuora in the third quarter valued at approximately $41,000. Finally, Diversified Trust Co boosted its holdings in shares of Zuora by 98.9% in the third quarter. Diversified Trust Co now owns 47,953 shares of the company’s stock valued at $354,000 after acquiring an additional 23,846 shares in the last quarter. Institutional investors own 69.11% of the company’s stock.

Zuora Trading Up 2.7 %

Shares of NYSE:ZUO opened at $6.73 on Friday. The stock has a market capitalization of $899.13 million, a price-to-earnings ratio of -6.94 and a beta of 1.80. Zuora, Inc. has a 1-year low of $5.45 and a 1-year high of $17.02. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.24 and a current ratio of 2.24. The company has a 50 day moving average price of $6.77 and a 200 day moving average price of $7.70.

Zuora (NYSE:ZUOGet Rating) last issued its earnings results on Tuesday, December 6th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. The firm had revenue of $101.07 million during the quarter, compared to analysts’ expectations of $99.50 million. Zuora had a negative net margin of 32.65% and a negative return on equity of 61.56%. On average, research analysts anticipate that Zuora, Inc. will post -0.98 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. UBS Group decreased their price objective on shares of Zuora from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, December 9th. Craig Hallum decreased their price objective on shares of Zuora from $16.00 to $10.00 in a report on Wednesday, December 7th. Finally, The Goldman Sachs Group assumed coverage on shares of Zuora in a report on Friday, October 21st. They issued a “neutral” rating and a $9.00 price objective for the company.

Insider Buying and Selling

In related news, CRO Robert J. Traube sold 19,261 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $6.00, for a total value of $115,566.00. Following the completion of the sale, the executive now owns 65,140 shares in the company, valued at approximately $390,840. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Andrew M. Cohen sold 23,348 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $6.32, for a total value of $147,559.36. Following the completion of the sale, the insider now owns 46,124 shares in the company, valued at approximately $291,503.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Robert J. Traube sold 19,261 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $6.00, for a total transaction of $115,566.00. Following the completion of the sale, the executive now owns 65,140 shares of the company’s stock, valued at approximately $390,840. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,471 shares of company stock worth $884,089. Corporate insiders own 9.08% of the company’s stock.

About Zuora

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Zuora, Inc, together with its subsidiaries, provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an orchestration engine that allows customers quote-to-revenue operations.

See Also

Want to see what other hedge funds are holding ZUO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zuora, Inc. (NYSE:ZUOGet Rating).

Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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