Zuora, Inc. (NYSE:ZUO) Stock Position Increased by Samson Rock Capital LLP

Samson Rock Capital LLP boosted its holdings in Zuora, Inc. (NYSE:ZUO) by 598.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,095,340 shares of the company’s stock after acquiring an additional 1,795,340 shares during the quarter. Zuora accounts for approximately 16.0% of Samson Rock Capital LLP’s investment portfolio, making the stock its 2nd biggest holding. Samson Rock Capital LLP’s holdings in Zuora were worth $20,786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZUO. Quarry LP boosted its holdings in shares of Zuora by 504.9% in the third quarter. Quarry LP now owns 6,164 shares of the company’s stock worth $53,000 after acquiring an additional 5,145 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Zuora during the 3rd quarter worth about $63,000. Castleview Partners LLC bought a new position in Zuora in the 3rd quarter worth about $79,000. Palumbo Wealth Management LLC grew its holdings in Zuora by 11.7% during the 3rd quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock valued at $99,000 after buying an additional 1,210 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Zuora during the third quarter valued at about $112,000. Institutional investors own 83.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ZUO shares. Lake Street Capital reaffirmed a “hold” rating and set a $10.00 price objective on shares of Zuora in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “hold” rating and issued a $15.00 price target on shares of Zuora in a report 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.33.

Zuora Trading Down 0.2 %

Shares of NYSE:ZUO opened at $9.98 on Friday. The company’s fifty day moving average price is $9.95 and its 200-day moving average price is $9.42. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.62. Zuora, Inc. has a one year low of $7.70 and a one year high of $10.85.

Insider Buying and Selling

In other Zuora news, insider Peter Hirsch sold 25,664 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $254,843.52. Following the completion of the sale, the insider now owns 43,615 shares of the company’s stock, valued at $433,096.95. This represents a 37.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tien Tzuo sold 48,569 shares of Zuora stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $482,290.17. Following the transaction, the chief executive officer now directly owns 110,576 shares in the company, valued at $1,098,019.68. This trade represents a 30.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 207,868 shares of company stock worth $2,064,908. Corporate insiders own 8.62% of the company’s stock.

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.