Sanders Morris Harris LLC decreased its position in Zuora Inc (NYSE:ZUO) by 37.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,000 shares of the company’s stock after selling 12,800 shares during the period. Sanders Morris Harris LLC’s holdings in Zuora were worth $217,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Marshall Wace North America L.P. purchased a new position in Zuora in the first quarter valued at approximately $62,000. M&T Bank Corp purchased a new position in Zuora in the first quarter valued at approximately $81,000. Diversified Trust Co purchased a new position in Zuora in the third quarter valued at approximately $108,000. Ameritas Investment Partners Inc. lifted its position in shares of Zuora by 14.8% during the second quarter. Ameritas Investment Partners Inc. now owns 8,630 shares of the company’s stock worth $110,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Advisor Group Holdings Inc. purchased a new stake in shares of Zuora during the first quarter worth $116,000. Institutional investors and hedge funds own 51.56% of the company’s stock.
In other news, CRO Robert J. Traube sold 10,969 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $10.31, for a total value of $113,090.39. Following the sale, the executive now directly owns 35,130 shares in the company, valued at approximately $362,190.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Robert J. Traube sold 6,815 shares of the business’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $10.96, for a total transaction of $74,692.40. Following the completion of the sale, the executive now owns 23,596 shares in the company, valued at $258,612.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,982 shares of company stock worth $210,444. Corporate insiders own 17.09% of the company’s stock.
Shares of ZUO stock traded up $0.05 during trading hours on Friday, hitting $10.99. 935,578 shares of the company’s stock traded hands, compared to its average volume of 1,772,645. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -15.93 and a beta of 2.12. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $10.79 and its two-hundred day simple moving average is $11.24. Zuora Inc has a 12-month low of $6.21 and a 12-month high of $17.79.
Zuora (NYSE:ZUO) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.09). The firm had revenue of $74.99 million for the quarter, compared to the consensus estimate of $73.47 million. Zuora had a negative net margin of 27.34% and a negative return on equity of 47.35%. Zuora’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned ($0.09) EPS. On average, equities analysts forecast that Zuora Inc will post -0.63 earnings per share for the current fiscal year.
Separately, Goldman Sachs Group increased their target price on Zuora from $10.00 to $11.00 in a research report on Monday, June 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $14.38.
Zuora, Inc 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 intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.
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