Zuora, Inc. (NYSE:ZUO) Stock Holdings Lessened by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its stake in Zuora, Inc. (NYSE:ZUO) by 6.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,454,747 shares of the company’s stock after selling 175,228 shares during the quarter. Baillie Gifford & Co.’s holdings in Zuora were worth $21,160,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zuora during the 2nd quarter worth about $44,000. CWM LLC boosted its holdings in shares of Zuora by 25.0% in the second quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after buying an additional 1,590 shares during the period. Castleview Partners LLC acquired a new stake in shares of Zuora during the third quarter valued at approximately $79,000. Canada Pension Plan Investment Board purchased a new stake in shares of Zuora in the 2nd quarter valued at approximately $85,000. Finally, Palumbo Wealth Management LLC boosted its stake in Zuora by 11.7% in the 3rd quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock worth $99,000 after purchasing an additional 1,210 shares during the period. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Zuora Stock Performance

ZUO opened at $9.89 on Wednesday. The stock has a fifty day moving average price of $9.14 and a 200 day moving average price of $9.33. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77. Zuora, Inc. has a 1 year low of $7.70 and a 1 year high of $10.85.

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

Insiders Place Their Bets

In other news, insider Peter Hirsch sold 18,855 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total transaction of $170,826.30. Following the transaction, the insider now owns 19,279 shares in the company, valued at $174,667.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Peter Hirsch sold 18,855 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total transaction of $170,826.30. Following the completion of the sale, the insider now owns 19,279 shares in the company, valued at approximately $174,667.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Todd Mcelhatton sold 51,879 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $432,670.86. Following the transaction, the chief financial officer now directly owns 356,875 shares in the company, valued at approximately $2,976,337.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 221,081 shares of company stock valued at $1,857,391 over the last ninety days. Corporate insiders own 8.62% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ZUO shares. Needham & Company LLC reissued a “hold” rating and set a $15.00 target price on shares of Zuora in a research note on Monday, October 21st. Canaccord Genuity Group reissued a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research note on Thursday, August 22nd. Finally, Lake Street Capital reiterated a “hold” rating and issued a $10.00 target price on shares of Zuora in a report on Friday, October 18th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.43.

Zuora Profile

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.