Perigon Wealth Management LLC Sells 10,130 Shares of Zuora, Inc. (NYSE:ZUO)

Perigon Wealth Management LLC reduced its position in shares of Zuora, Inc. (NYSE:ZUO) by 42.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,811 shares of the company’s stock after selling 10,130 shares during the period. Perigon Wealth Management LLC’s holdings in Zuora were worth $138,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Zuora

In other news, CEO Tien Tzuo sold 48,569 shares of Zuora stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $482,290.17. Following the completion of the sale, the chief executive officer now directly owns 110,576 shares of the company’s stock, valued at approximately $1,098,019.68. The trade was a 30.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd Mcelhatton sold 50,373 shares of Zuora stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $500,203.89. Following the completion of the transaction, the chief financial officer now owns 404,634 shares in the company, valued at approximately $4,018,015.62. This represents a 11.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 207,868 shares of company stock valued at $2,064,908. 8.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ZUO has been the subject of a number of recent analyst reports. Lake Street Capital restated a “hold” rating and set a $10.00 price target on shares of Zuora in a research 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. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Zuora has an average rating of “Hold” and an average price target of $11.33.

Zuora Stock Performance

Shares of NYSE:ZUO opened at $9.99 on Tuesday. The firm has a 50 day moving average of $9.95 and a 200 day moving average of $9.40. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -20.38 and a beta of 1.67. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 2.00. Zuora, Inc. has a 52 week low of $7.70 and a 52 week high of $10.85.

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.