Zuora, Inc. (NYSE:ZUO) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its stake in Zuora, Inc. (NYSE:ZUO) by 36.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 35,093 shares of the company’s stock after selling 20,519 shares during the period. Los Angeles Capital Management LLC’s holdings in Zuora were worth $303,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Scalar Gauge Management LLC grew 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. Vanguard Group Inc. grew its stake in shares of Zuora by 5.6% in the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock worth $157,434,000 after acquiring an additional 917,565 shares in the last quarter. Bares Capital Management Inc. grew its stake in shares of Zuora by 41.4% during the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock worth $15,926,000 after purchasing an additional 511,292 shares in the last quarter. Solel Partners LP grew its stake in shares of Zuora by 13.5% during the second quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock worth $40,299,000 after purchasing an additional 483,445 shares in the last quarter. Finally, Divisar Capital Management LLC acquired a new position in shares of Zuora during the second quarter worth $4,575,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Zuora Price Performance

Shares of NYSE:ZUO opened at $9.90 on Monday. Zuora, Inc. has a one year low of $7.70 and a one year high of $10.85. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77. The company has a 50-day simple moving average of $9.24 and a 200-day simple moving average of $9.33. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -30.94 and a beta of 1.70.

Zuora (NYSE:ZUO) last issued its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The business had revenue of $115.40 million for the quarter, compared to analyst estimates of $112.63 million. During the same period in the previous year, the business posted ($0.12) earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year.

Insider Transactions at Zuora

In other Zuora news, CEO Tien Tzuo sold 63,873 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $532,700.82. Following the transaction, the chief executive officer now directly owns 63,312 shares in the company, valued at approximately $528,022.08. This represents a 50.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Todd Mcelhatton sold 51,879 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $432,670.86. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 221,081 shares of company stock worth $1,857,391 over the last ninety days. 8.62% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ZUO shares. Needham & Company LLC reissued a “hold” rating and issued a $15.00 price target on shares of Zuora in a research report on Monday, October 21st. Lake Street Capital reissued a “hold” rating and issued a $10.00 price target on shares of Zuora in a research report on Friday, October 18th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $13.00 target price on shares of Zuora in a report on Thursday, August 22nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.