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

Union Bancaire Privee UBP SA purchased a new position in Zuora, Inc. (NYSE:ZUO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,892 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Scalar Gauge Management LLC lifted its position in Zuora by 27.4% during the third quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company’s stock valued at $55,897,000 after purchasing an additional 1,393,327 shares during the last quarter. State Street Corp lifted its holdings in shares of Zuora by 0.3% during the 3rd quarter. State Street Corp now owns 3,302,811 shares of the company’s stock worth $28,470,000 after acquiring an additional 10,424 shares during the last quarter. Geode Capital Management LLC grew its position in Zuora by 4.0% in the third quarter. Geode Capital Management LLC now owns 3,137,007 shares of the company’s stock worth $27,047,000 after acquiring an additional 119,439 shares in the last quarter. Potrero Capital Research LLC increased its stake in Zuora by 8.1% in the third quarter. Potrero Capital Research LLC now owns 2,949,360 shares of the company’s stock valued at $25,423,000 after acquiring an additional 219,863 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Zuora by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,153,372 shares of the company’s stock valued at $9,942,000 after purchasing an additional 4,432 shares in the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zuora

In other Zuora news, CRO Robert J. Traube sold 60,885 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 value of $604,588.05. Following the sale, the executive now owns 168,906 shares in the company, valued at approximately $1,677,236.58. This represents a 26.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew R. Dobson sold 2,908 shares of Zuora stock in a transaction that occurred on 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 of the company’s stock, 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 valued at $2,064,908. 8.62% of the stock is currently owned by corporate insiders.

Zuora Stock Performance

Shares of ZUO stock opened at $10.02 on Thursday. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -20.44 and a beta of 1.67. The stock has a fifty day moving average of $9.94 and a 200 day moving average of $9.39. 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.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Lake Street Capital restated a “hold” rating and issued a $10.00 target price on shares of Zuora in a research report on Friday, October 18th. Needham & Company LLC reaffirmed a “hold” rating and issued a $15.00 price objective 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.33.

About Zuora

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.