Swiss National Bank trimmed its holdings in shares of Zuora, Inc. (NYSE:ZUO) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 238,500 shares of the company’s stock after selling 2,100 shares during the quarter. Swiss National Bank’s holdings in Zuora were worth $4,114,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its holdings in Zuora by 167.8% in the 1st quarter. Bank of New York Mellon Corp now owns 5,113,654 shares of the company’s stock valued at $75,682,000 after buying an additional 3,204,096 shares during the period. Brown Advisory Inc. boosted its stake in shares of Zuora by 55.9% in the 1st quarter. Brown Advisory Inc. now owns 4,927,646 shares of the company’s stock valued at $72,930,000 after purchasing an additional 1,767,164 shares in the last quarter. Polar Capital Holdings Plc acquired a new stake in shares of Zuora in the 1st quarter valued at approximately $17,934,000. Lord Abbett & CO. LLC acquired a new stake in shares of Zuora in the 1st quarter valued at approximately $9,951,000. Finally, Nuveen Asset Management LLC boosted its stake in shares of Zuora by 90.6% in the 1st quarter. Nuveen Asset Management LLC now owns 1,315,699 shares of the company’s stock valued at $19,472,000 after purchasing an additional 625,352 shares in the last quarter. 64.30% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded shares of Zuora from a “hold” rating to a “sell” rating in a research note on Wednesday, September 1st.
Zuora (NYSE:ZUO) last issued its quarterly earnings results on Tuesday, August 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The firm had revenue of $86.50 million for the quarter, compared to the consensus estimate of $83.41 million. Zuora had a negative net margin of 23.79% and a negative return on equity of 41.89%. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, sell-side analysts expect that Zuora, Inc. will post -0.57 earnings per share for the current year.
In other news, SVP Jennifer Pileggi sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 23rd. The shares were sold at an average price of $18.05, for a total value of $180,500.00. Following the transaction, the senior vice president now owns 18,095 shares in the company, valued at approximately $326,614.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Todd Mcelhatton sold 9,300 shares of Zuora stock in a transaction on Monday, August 30th. The shares were sold at an average price of $16.90, for a total transaction of $157,170.00. Following the completion of the sale, the chief financial officer now owns 26,602 shares of the company’s stock, valued at approximately $449,573.80. The disclosure for this sale can be found here. Insiders sold a total of 249,852 shares of company stock worth $4,229,499 in the last 90 days. Corporate insiders own 12.58% of the company’s stock.
Zuora, Inc engages in the provision of cloud-based subscription management platform. Its products include Zuora Billing, Zuora Revenue, Zuora CPQ, Zuora Collect AI, and Zuora Analytics. It offers solutions to software, healthcare, education, B2C, and communications industries. The company was founded in 2007 by K.V.
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