Dynamic Technology Lab Private Ltd Sells 26,020 Shares of Zuora, Inc. (NYSE:ZUO)

Dynamic Technology Lab Private Ltd cut its position in shares of Zuora, Inc. (NYSE:ZUO) by 28.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,631 shares of the company’s stock after selling 26,020 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Zuora were worth $566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ZUO. Scalar Gauge Management LLC raised its stake in Zuora by 35.4% during 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 Zuora by 5.6% during the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock valued at $157,434,000 after buying an additional 917,565 shares during the last quarter. Solel Partners LP raised its stake in Zuora by 13.5% during the second quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock valued at $40,299,000 after buying an additional 483,445 shares during the last quarter. Divisar Capital Management LLC purchased a new position in Zuora during the second quarter valued at $4,575,000. Finally, BDF Gestion purchased a new position in Zuora during the second quarter valued at $3,426,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Insider Buying and Selling

In other Zuora news, insider Andrew M. Cohen sold 20,773 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Peter Hirsch sold 18,855 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $9.06, for a total value of $170,826.30. Following the sale, the insider now directly owns 19,279 shares of the company’s stock, valued at $174,667.74. This represents a 49.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 221,081 shares of company stock valued at $1,857,391 over the last 90 days. Company insiders own 8.62% of the company’s stock.

Zuora Stock Performance

Shares of ZUO opened at $9.93 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77. Zuora, Inc. has a one year low of $7.70 and a one year high of $10.85. The firm has a market capitalization of $1.50 billion, a P/E ratio of -31.03 and a beta of 1.70. The business has a fifty day moving average of $9.48 and a 200 day moving average of $9.32.

Analyst Upgrades and Downgrades

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

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.