Nordea Investment Management AB Acquires 20,288 Shares of Zuora, Inc. (NYSE:ZUO)

Nordea Investment Management AB increased its stake in shares of Zuora, Inc. (NYSE:ZUO) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 342,085 shares of the company’s stock after acquiring an additional 20,288 shares during the quarter. Nordea Investment Management AB owned about 0.22% of Zuora worth $3,393,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Scalar Gauge Management LLC increased its holdings in shares of Zuora by 27.4% during the 3rd quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company’s stock worth $55,897,000 after purchasing an additional 1,393,327 shares during the period. Solel Partners LP increased 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 acquiring an additional 483,445 shares during the period. Divisar Capital Management LLC acquired a new position in Zuora in the 2nd quarter valued at approximately $4,575,000. JPMorgan Chase & Co. raised its holdings in Zuora by 52.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,126,596 shares of the company’s stock valued at $9,711,000 after acquiring an additional 387,876 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Zuora by 884.0% during the 2nd quarter. Squarepoint Ops LLC now owns 333,817 shares of the company’s stock worth $3,315,000 after purchasing an additional 299,894 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Todd Mcelhatton sold 50,373 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $500,203.89. Following the completion of the sale, the chief financial officer now directly owns 404,634 shares of the company’s stock, valued at $4,018,015.62. This trade represents a 11.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tien Tzuo sold 48,569 shares of Zuora stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $482,290.17. Following the completion of the transaction, the chief executive officer now owns 110,576 shares of the company’s stock, valued at approximately $1,098,019.68. The trade was a 30.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 207,254 shares of company stock worth $2,041,628. Insiders own 8.62% of the company’s stock.

Zuora Price Performance

NYSE:ZUO opened at $9.97 on Friday. The company has a quick ratio of 2.77, a current ratio of 2.62 and a debt-to-equity ratio of 2.00. The firm has a market cap of $1.53 billion, a PE ratio of -20.35 and a beta of 1.67. Zuora, Inc. has a 12 month low of $7.70 and a 12 month high of $10.85. The company’s 50-day moving average price is $9.92 and its two-hundred day moving average price is $9.33.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Needham & Company LLC restated a “hold” rating and issued a $15.00 target price on shares of Zuora in a research note on Monday, October 21st. Lake Street Capital reissued a “hold” rating and issued a $10.00 price target on shares of Zuora in a report on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Zuora has an average rating of “Hold” and a consensus target price of $11.43.

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.