Barclays PLC Boosts Stake in Zuora, Inc. (NYSE:ZUO)

Barclays PLC boosted its stake in Zuora, Inc. (NYSE:ZUO) by 256.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 280,963 shares of the company’s stock after purchasing an additional 202,047 shares during the period. Barclays PLC owned about 0.19% of Zuora worth $2,422,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Zuora in the third quarter valued at $304,000. Zacks Investment Management grew its position in Zuora by 15.6% in the 3rd quarter. Zacks Investment Management now owns 310,800 shares of the company’s stock valued at $2,679,000 after acquiring an additional 42,054 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Zuora in the 3rd quarter valued at about $112,000. Virtus Investment Advisers Inc. purchased a new stake in Zuora during the third quarter worth about $430,000. Finally, Western Standard LLC boosted its stake in shares of Zuora by 14.8% in the third quarter. Western Standard LLC now owns 866,785 shares of the company’s stock valued at $7,472,000 after purchasing an additional 111,550 shares during the period. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Insider Buying and Selling at Zuora

In other news, CFO Todd Mcelhatton sold 51,879 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $432,670.86. Following the transaction, the chief financial officer now owns 356,875 shares in the company, valued at approximately $2,976,337.50. This represents a 12.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrew M. Cohen sold 20,773 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total value of $173,246.82. Following the sale, the insider now owns 172,033 shares of the company’s stock, valued at approximately $1,434,755.22. The trade was a 10.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 221,081 shares of company stock worth $1,857,391 over the last ninety days. Corporate insiders own 8.62% of the company’s stock.

Zuora Price Performance

Zuora stock opened at $9.92 on Thursday. The company has a current ratio of 2.62, a quick ratio of 2.77 and a debt-to-equity ratio of 2.00. The company has a fifty day simple moving average of $9.91 and a 200-day simple moving average of $9.30. The stock has a market cap of $1.52 billion, a P/E ratio of -20.24 and a beta of 1.67. Zuora, Inc. has a 12-month low of $7.70 and a 12-month high of $10.85.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “hold” rating and set a $15.00 target price on shares of Zuora in a report on Monday, October 21st. Lake Street Capital reaffirmed a “hold” rating and set a $10.00 price objective on shares of Zuora in a research report on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Zuora currently has an average rating of “Hold” and an average target price of $11.43.

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.