Zuora, Inc. (NYSE:ZUO) Shares Purchased by American International Group Inc.

American International Group Inc. increased its holdings in shares of Zuora, Inc. (NYSE:ZUO) by 3.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,175 shares of the company’s stock after purchasing an additional 1,768 shares during the quarter. American International Group Inc.’s holdings in Zuora were worth $891,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its position in Zuora by 75.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 31,318 shares of the company’s stock worth $464,000 after purchasing an additional 13,454 shares in the last quarter. Swiss National Bank boosted its holdings in Zuora by 6.5% in the 1st quarter. Swiss National Bank now owns 240,600 shares of the company’s stock worth $3,561,000 after acquiring an additional 14,700 shares during the period. Arizona State Retirement System boosted its holdings in Zuora by 5.9% in the 1st quarter. Arizona State Retirement System now owns 30,653 shares of the company’s stock worth $454,000 after acquiring an additional 1,720 shares during the period. Rhumbline Advisers boosted its holdings in Zuora by 6.6% in the 1st quarter. Rhumbline Advisers now owns 139,223 shares of the company’s stock worth $2,061,000 after acquiring an additional 8,601 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Zuora by 2.1% in the 1st quarter. Alliancebernstein L.P. now owns 130,920 shares of the company’s stock worth $1,938,000 after acquiring an additional 2,700 shares during the period. 60.80% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Tien Tzuo sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $15.02, for a total transaction of $150,200.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $150,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jennifer Pileggi sold 2,454 shares of the company’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $15.12, for a total value of $37,104.48. Over the last three months, insiders have sold 81,168 shares of company stock worth $1,294,807. Corporate insiders own 12.58% of the company’s stock.

Zuora stock opened at $15.11 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market cap of $1.83 billion, a PE ratio of -24.37 and a beta of 2.16. Zuora, Inc. has a 52 week low of $9.15 and a 52 week high of $17.95. The firm’s 50 day simple moving average is $15.65.

Zuora (NYSE:ZUO) last posted its quarterly earnings results on Tuesday, May 25th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. The business had revenue of $80.33 million for the quarter, compared to analyst estimates of $79.00 million. Zuora had a negative return on equity of 41.49% and a negative net margin of 23.96%. Equities analysts forecast that Zuora, Inc. will post -0.6 EPS for the current year.

A number of research firms have weighed in on ZUO. Zacks Investment Research upgraded Zuora from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Thursday. Jefferies Financial Group upped their price target on Zuora from $13.00 to $17.00 in a report on Wednesday, February 24th. Berenberg Bank started coverage on Zuora in a report on Thursday, April 8th. They issued a “buy” rating and a $20.00 price target for the company. Canaccord Genuity increased their target price on Zuora from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, April 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Zuora in a research note on Tuesday, April 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Zuora presently has an average rating of “Buy” and an average price target of $16.58.

Zuora Company Profile

Zuora, Inc, together with its subsidiaries, provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that allows customers to order-to-revenue operations.

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Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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