Zuora, Inc. (NYSE:ZUO) Shares Sold by George Kaiser Family Foundation

George Kaiser Family Foundation reduced its holdings in shares of Zuora, Inc. (NYSE:ZUO) by 48.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 225,502 shares of the company’s stock after selling 210,575 shares during the period. Zuora comprises about 0.4% of George Kaiser Family Foundation’s investment portfolio, making the stock its 10th biggest position. George Kaiser Family Foundation owned 0.16% of Zuora worth $2,120,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Zuora by 5.5% during the third quarter. Vanguard Group Inc. now owns 15,742,063 shares of the company’s stock valued at $129,715,000 after purchasing an additional 822,085 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Zuora by 14.0% in the third quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock valued at $27,277,000 after acquiring an additional 406,841 shares during the period. Charles Schwab Investment Management Inc. grew its position in Zuora by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,147,650 shares of the company’s stock valued at $10,788,000 after acquiring an additional 38,133 shares during the period. New York State Common Retirement Fund raised its stake in Zuora by 34.1% during the third quarter. New York State Common Retirement Fund now owns 912,164 shares of the company’s stock worth $7,516,000 after acquiring an additional 231,723 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Zuora by 196.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 773,432 shares of the company’s stock valued at $6,373,000 after acquiring an additional 512,700 shares during the period. Institutional investors own 83.02% of the company’s stock.

Zuora Trading Down 2.3 %

NYSE:ZUO traded down $0.23 during trading hours on Friday, hitting $9.97. 1,511,292 shares of the stock were exchanged, compared to its average volume of 1,257,880. The company has a market capitalization of $1.46 billion, a P/E ratio of -23.19 and a beta of 1.84. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 2.69. The company’s 50 day moving average is $9.47 and its two-hundred day moving average is $8.95. Zuora, Inc. has a twelve month low of $7.05 and a twelve month high of $12.12.

Zuora (NYSE:ZUO) last released its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. The company had revenue of $110.67 million during the quarter, compared to the consensus estimate of $110.80 million. Zuora had a negative return on equity of 31.10% and a negative net margin of 14.28%. On average, sell-side analysts anticipate that Zuora, Inc. will post -0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ZUO has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Zuora in a report on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price objective on shares of Zuora in a research note on Thursday. Jefferies Financial Group lifted their target price on shares of Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday. Lake Street Capital increased their price target on Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Robert W. Baird dropped their price target on Zuora from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.83.

Insider Buying and Selling

In other Zuora news, CFO Todd Mcelhatton sold 31,006 shares of Zuora stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $8.61, for a total transaction of $266,961.66. Following the completion of the sale, the chief financial officer now owns 277,803 shares of the company’s stock, valued at approximately $2,391,883.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Tien Tzuo sold 239,198 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $9.44, for a total value of $2,258,029.12. Following the sale, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $59,962.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Todd Mcelhatton sold 31,006 shares of Zuora stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total transaction of $266,961.66. Following the transaction, the chief financial officer now directly owns 277,803 shares in the company, valued at approximately $2,391,883.83. The disclosure for this sale can be found here. Insiders sold a total of 481,854 shares of company stock valued at $4,393,048 over the last ninety days. Insiders own 8.62% of the company’s stock.

Zuora 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.