SG Americas Securities LLC Boosts Stock Holdings in Zuora, Inc. (NYSE:ZUO)

SG Americas Securities LLC raised its position in shares of Zuora, Inc. (NYSE:ZUO) by 49.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,665 shares of the company’s stock after purchasing an additional 28,465 shares during the period. SG Americas Securities LLC’s holdings in Zuora were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ZUO. Nordea Investment Management AB increased its holdings in Zuora by 6.3% in the 4th quarter. Nordea Investment Management AB now owns 342,085 shares of the company’s stock worth $3,393,000 after acquiring an additional 20,288 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Zuora by 52.5% during the third quarter. JPMorgan Chase & Co. now owns 1,126,596 shares of the company’s stock worth $9,711,000 after purchasing an additional 387,876 shares during the period. 272 Capital LP increased its stake in shares of Zuora by 28.1% in the third quarter. 272 Capital LP now owns 493,527 shares of the company’s stock worth $4,254,000 after purchasing an additional 108,201 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Zuora by 4.0% in the third quarter. Geode Capital Management LLC now owns 3,137,007 shares of the company’s stock valued at $27,047,000 after purchasing an additional 119,439 shares during the period. Finally, Barclays PLC raised its position in shares of Zuora by 256.0% in the third quarter. Barclays PLC now owns 280,963 shares of the company’s stock valued at $2,422,000 after purchasing an additional 202,047 shares during the period. 83.02% of the stock is owned by hedge funds and other institutional investors.

Zuora Stock Up 0.0 %

ZUO opened at $10.02 on Wednesday. The firm has a market capitalization of $1.54 billion, a P/E ratio of -20.44 and a beta of 1.67. Zuora, Inc. has a one year low of $7.70 and a one year high of $10.85. The company has a fifty day moving average price of $9.94 and a 200-day moving average price of $9.38. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.62.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Lake Street Capital reiterated a “hold” rating and issued a $10.00 price objective on shares of Zuora in a research note on Friday, October 18th. Needham & Company LLC reiterated a “hold” rating and set a $15.00 price objective on shares of Zuora in a research note on Monday, October 21st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.33.

Insider Activity at Zuora

In other news, CRO Robert J. Traube sold 60,885 shares of Zuora stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $604,588.05. Following the completion of the sale, the executive now owns 168,906 shares in the company, valued at approximately $1,677,236.58. This trade represents a 26.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $254,843.52. Following the completion of the transaction, the insider now owns 43,615 shares in the company, valued at approximately $433,096.95. This trade represents a 37.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 207,868 shares of company stock valued at $2,064,908. Company 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.