GSA Capital Partners LLP Has $869,000 Stake in Zuora, Inc. (NYSE:ZUO)

GSA Capital Partners LLP raised its holdings in Zuora, Inc. (NYSE:ZUO) by 58.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,840 shares of the company’s stock after purchasing an additional 37,279 shares during the quarter. GSA Capital Partners LLP owned approximately 0.07% of Zuora worth $869,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Scalar Gauge Management LLC raised its holdings in shares of Zuora by 35.4% in the second quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock valued at $50,556,000 after buying an additional 1,332,343 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Zuora by 5.6% in the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock worth $157,434,000 after acquiring an additional 917,565 shares during the last quarter. Bares Capital Management Inc. raised its stake in shares of Zuora by 41.4% in the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock worth $15,926,000 after acquiring an additional 511,292 shares during the last quarter. Solel Partners LP lifted its position in shares of Zuora by 13.5% during the second quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock worth $40,299,000 after purchasing an additional 483,445 shares in the last quarter. Finally, Divisar Capital Management LLC acquired a new stake in shares of Zuora in the second quarter valued at approximately $4,575,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Insider Buying and Selling

In other Zuora news, CEO Tien Tzuo sold 63,873 shares of Zuora stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $532,700.82. Following the transaction, the chief executive officer now directly owns 63,312 shares in the company, valued at approximately $528,022.08. The trade was a 50.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrew M. Cohen sold 20,773 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $173,246.82. Following the completion of the transaction, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 221,081 shares of company stock valued at $1,857,391 in the last 90 days. 8.62% of the stock is owned by insiders.

Zuora Stock Down 0.1 %

NYSE:ZUO opened at $9.90 on Friday. 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, Inc. has a 12-month low of $7.70 and a 12-month high of $10.85. The stock’s fifty day simple moving average is $9.24 and its 200-day simple moving average is $9.34. The firm has a market capitalization of $1.50 billion, a P/E ratio of -30.94 and a beta of 1.70.

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

Analyst Ratings Changes

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