Zuora, Inc. (NYSE:ZUO) Position Lessened by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in shares of Zuora, Inc. (NYSE:ZUO) by 77.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,479 shares of the company’s stock after selling 574,638 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.11% of Zuora worth $1,478,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BDF Gestion acquired a new position in shares of Zuora during the second quarter valued at $3,426,000. Divisar Capital Management LLC acquired a new position in Zuora during the 2nd quarter valued at about $4,575,000. Scalar Gauge Management LLC grew its position in Zuora by 35.4% in the 2nd quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock worth $50,556,000 after purchasing an additional 1,332,343 shares during the last quarter. SG Americas Securities LLC bought a new position in Zuora in the 3rd quarter worth about $493,000. Finally, Samson Rock Capital LLP increased its stake in shares of Zuora by 81.8% in the third quarter. Samson Rock Capital LLP now owns 300,000 shares of the company’s stock valued at $2,586,000 after purchasing an additional 135,000 shares during the period. 83.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other Zuora news, insider Andrew M. Cohen sold 20,773 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were 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 directly owns 172,033 shares of the company’s stock, valued at approximately $1,434,755.22. This represents a 10.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Todd Mcelhatton sold 51,879 shares of Zuora stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $432,670.86. Following the completion of the transaction, the chief financial officer now directly owns 356,875 shares in the company, valued at approximately $2,976,337.50. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,081 shares of company stock valued at $1,857,391 over the last three months. Insiders own 8.62% of the company’s stock.

Zuora Trading Down 0.4 %

Shares of Zuora stock opened at $9.90 on Tuesday. The business has a fifty day simple moving average of $9.39 and a 200-day simple moving average of $9.31. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -30.94 and a beta of 1.70. Zuora, Inc. has a fifty-two week low of $7.70 and a fifty-two week high of $10.85. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 1.90.

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.