Zuora, Inc. (NYSE:ZUO) Shares Purchased by Brown Advisory Inc.

Brown Advisory Inc. lifted its position in Zuora, Inc. (NYSE:ZUOGet Rating) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,305,331 shares of the company’s stock after purchasing an additional 94,111 shares during the quarter. Brown Advisory Inc. owned approximately 4.14% of Zuora worth $79,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Baillie Gifford & Co. raised its stake in shares of Zuora by 2.9% during the 1st quarter. Baillie Gifford & Co. now owns 4,451,261 shares of the company’s stock worth $66,680,000 after buying an additional 124,249 shares in the last quarter. Archon Capital Management LLC increased its stake in Zuora by 1.5% in the 4th quarter. Archon Capital Management LLC now owns 2,399,541 shares of the company’s stock valued at $44,823,000 after purchasing an additional 34,900 shares in the last quarter. Geode Capital Management LLC increased its stake in Zuora by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 2,077,981 shares of the company’s stock valued at $38,816,000 after purchasing an additional 158,984 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its stake in Zuora by 57.8% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 933,490 shares of the company’s stock valued at $13,984,000 after purchasing an additional 342,095 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Zuora by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 808,729 shares of the company’s stock valued at $15,108,000 after purchasing an additional 34,148 shares in the last quarter. 83.85% of the stock is owned by hedge funds and other institutional investors.

Zuora Price Performance

Shares of NYSE:ZUO opened at $9.28 on Friday. The business’s fifty day moving average price is $9.20 and its two-hundred day moving average price is $12.19. The stock has a market cap of $1.20 billion, a PE ratio of -11.18 and a beta of 1.95. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.46 and a current ratio of 2.46. Zuora, Inc. has a one year low of $8.22 and a one year high of $23.25.

Zuora (NYSE:ZUOGet Rating) last posted its quarterly earnings data on Wednesday, May 25th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.07). Zuora had a negative return on equity of 52.39% and a negative net margin of 29.18%. The business had revenue of $93.20 million for the quarter, compared to analyst estimates of $92.24 million. During the same quarter last year, the business earned ($0.13) EPS. Zuora’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, analysts forecast that Zuora, Inc. will post -0.86 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Craig Hallum dropped their price objective on Zuora to $22.00 in a research note on Thursday, May 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Zuora presently has a consensus rating of “Moderate Buy” and an average target price of $22.17.

Insider Transactions at Zuora

In other news, insider Sri Srinivasan sold 31,221 shares of the firm’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $8.93, for a total transaction of $278,803.53. Following the sale, the insider now owns 69,344 shares in the company, valued at $619,241.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Sri Srinivasan sold 31,221 shares of the stock in a transaction on Friday, July 1st. The stock was sold at an average price of $8.93, for a total value of $278,803.53. Following the transaction, the insider now directly owns 69,344 shares of the company’s stock, valued at approximately $619,241.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Robert J. Traube sold 21,626 shares of the stock in a transaction on Friday, July 1st. The stock was sold at an average price of $8.93, for a total value of $193,120.18. Following the completion of the transaction, the executive now directly owns 59,223 shares in the company, valued at $528,861.39. The disclosure for this sale can be found here. Insiders have sold 93,483 shares of company stock worth $840,478 over the last quarter. 9.08% of the stock is currently owned by insiders.

Zuora Profile

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Zuora, Inc, together with its subsidiaries, provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an orchestration engine that allows customers quote-to-revenue operations.

Further Reading

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Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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