Gilder Gagnon Howe & Co. LLC acquired a new position in Zuora, Inc. (NYSE:ZUO – Get Rating) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,282,784 shares of the company's stock, valued at approximately $19,216,000.
Several other large investors have also recently modified their holdings of the stock. Taylor Frigon Capital Management LLC increased its holdings in shares of Zuora by 0.3% in the first quarter. Taylor Frigon Capital Management LLC now owns 324,446 shares of the company's stock worth $4,860,000 after buying an additional 850 shares during the period. Rhumbline Advisers increased its holdings in shares of Zuora by 1.0% in the fourth quarter. Rhumbline Advisers now owns 121,126 shares of the company's stock worth $2,263,000 after buying an additional 1,200 shares during the period. Arizona State Retirement System grew its stake in shares of Zuora by 4.1% in the first quarter. Arizona State Retirement System now owns 31,221 shares of the company's stock worth $468,000 after purchasing an additional 1,238 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Zuora by 5.9% in the first quarter. Hsbc Holdings PLC now owns 26,146 shares of the company's stock worth $396,000 after purchasing an additional 1,447 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Zuora by 8.2% in the first quarter. Teacher Retirement System of Texas now owns 23,652 shares of the company's stock worth $354,000 after purchasing an additional 1,794 shares during the last quarter. Hedge funds and other institutional investors own 86.37% of the company's stock.
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Insider Activity
In other news, CFO Todd Mcelhatton sold 10,000 shares of Zuora stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $9.56, for a total transaction of $95,600.00. Following the completion of the transaction, the chief financial officer now directly owns 79,185 shares in the company, valued at $757,008.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CRO Robert J. Traube sold 21,626 shares of the business's stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $8.93, for a total value of $193,120.18. Following the completion of the transaction, the executive now directly owns 59,223 shares in the company, valued at approximately $528,861.39. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Todd Mcelhatton sold 10,000 shares of the business's stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $9.56, for a total transaction of $95,600.00. Following the completion of the transaction, the chief financial officer now owns 79,185 shares of the company's stock, valued at $757,008.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,483 shares of company stock worth $840,478. Insiders own 9.08% of the company's stock.
Wall Street Analyst Weigh In
ZUO has been the topic of several recent analyst reports. Needham & Company LLC cut their target price on Zuora from $24.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, August 25th. Canaccord Genuity Group cut their target price on Zuora from $23.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, August 25th. Finally, Craig Hallum cut their target price on Zuora from $22.00 to $16.00 in a research note on Thursday, August 25th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.17.
Zuora Stock Performance
Zuora stock opened at $8.76 on Tuesday. The stock's 50 day simple moving average is $8.88 and its two-hundred day simple moving average is $10.88. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.57 and a current ratio of 2.57. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -10.07 and a beta of 1.95. Zuora, Inc. has a fifty-two week low of $7.41 and a fifty-two week high of $23.25.
Zuora (NYSE:ZUO – Get Rating) last released its earnings results on Wednesday, August 24th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. Zuora had a negative net margin of 29.89% and a negative return on equity of 56.71%. The firm had revenue of $98.80 million during the quarter, compared to analyst estimates of $97.54 million. During the same period last year, the business earned ($0.19) earnings per share. The business's revenue was up 14.2% on a year-over-year basis. As a group, analysts expect that Zuora, Inc. will post -0.96 earnings per share for the current fiscal year.
Zuora Company Profile
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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.
Further Reading
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