Dynamic Technology Lab Private Ltd Sells 26,020 Shares of Zuora, Inc. (NYSE:ZUO)

Dynamic Technology Lab Private Ltd decreased its holdings in Zuora, Inc. (NYSE:ZUO) by 28.4% in the third quarter, HoldingsChannel.com reports. The fund owned 65,631 shares of the company’s stock after selling 26,020 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Zuora were worth $566,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted 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 during the period. Scalar Gauge Management LLC boosted 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 during the period. Solel Partners LP boosted its stake in shares of Zuora by 13.5% in the second quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock worth $40,299,000 after acquiring an additional 483,445 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Zuora by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,153,372 shares of the company’s stock worth $9,942,000 after buying an additional 4,432 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Zuora by 27.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 985,632 shares of the company’s stock worth $9,787,000 after buying an additional 212,200 shares in the last quarter. Institutional investors own 83.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ZUO. Needham & Company LLC reiterated a “hold” rating and issued a $15.00 target price on shares of Zuora in a research report on Monday, October 21st. Lake Street Capital reiterated a “hold” rating and issued a $10.00 target price on shares of Zuora in a research report on Friday, October 18th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $13.00 price objective on shares of Zuora in a research report on Thursday, August 22nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Zuora has an average rating of “Hold” and a consensus target price of $11.43.

Zuora Stock Up 0.1 %

Shares of NYSE ZUO opened at $9.93 on Friday. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $1.50 billion, a PE ratio of -31.03 and a beta of 1.70. The stock’s fifty day simple moving average is $9.48 and its two-hundred day simple moving average is $9.32. Zuora, Inc. has a 12-month low of $7.70 and a 12-month high of $10.85.

Insider Buying and Selling at Zuora

In other news, insider Andrew M. Cohen sold 20,773 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $173,246.82. Following the completion of the sale, the insider now owns 172,033 shares in the company, valued at approximately $1,434,755.22. This represents a 10.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tien Tzuo sold 63,873 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $532,700.82. Following the sale, the chief executive officer now owns 63,312 shares of the company’s stock, valued at approximately $528,022.08. This represents a 50.22 % decrease in their position. 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. 8.62% of the stock is currently owned by corporate insiders.

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.