Union Bancaire Privee UBP SA Invests $217,000 in Zuora, Inc. (NYSE:ZUO)

Union Bancaire Privee UBP SA bought a new stake in Zuora, Inc. (NYSE:ZUO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 21,892 shares of the company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also bought and sold shares of ZUO. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zuora during the second quarter valued at about $44,000. Quarry LP grew its stake in shares of Zuora by 504.9% during the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after acquiring an additional 5,145 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Zuora in the 3rd quarter worth approximately $63,000. Castleview Partners LLC bought a new stake in Zuora during the 3rd quarter worth approximately $79,000. Finally, Palumbo Wealth Management LLC lifted its holdings in Zuora by 11.7% during the third quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock valued at $99,000 after purchasing an additional 1,210 shares in the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ZUO. Lake Street Capital restated a “hold” rating and set a $10.00 target price on shares of Zuora in a research note on Friday, October 18th. Needham & Company LLC restated a “hold” rating and issued a $15.00 price objective on shares of Zuora in a research report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Zuora presently has a consensus rating of “Hold” and a consensus price target of $11.33.

Zuora Price Performance

Zuora stock opened at $10.02 on Thursday. Zuora, Inc. has a 52-week low of $7.70 and a 52-week high of $10.85. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 2.00. The firm’s fifty day moving average is $9.94 and its 200 day moving average is $9.39. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -20.44 and a beta of 1.67.

Insider Activity

In other news, CFO Todd Mcelhatton sold 50,373 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $500,203.89. Following the completion of the sale, the chief financial officer now owns 404,634 shares in the company, valued at approximately $4,018,015.62. This trade represents a 11.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew R. Dobson sold 2,908 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $28,876.44. Following the transaction, the chief accounting officer now owns 83,958 shares in the company, valued at $833,702.94. The trade was a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 207,868 shares of company stock worth $2,064,908. 8.62% of the stock is currently owned by corporate insiders.

Zuora Company 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.