Samson Rock Capital LLP Has $20.79 Million Holdings in Zuora, Inc. (NYSE:ZUO)

Samson Rock Capital LLP lifted its stake in shares of Zuora, Inc. (NYSE:ZUO) by 598.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,095,340 shares of the company’s stock after purchasing an additional 1,795,340 shares during the quarter. Zuora comprises 16.0% of Samson Rock Capital LLP’s investment portfolio, making the stock its 2nd biggest holding. Samson Rock Capital LLP owned about 1.36% of Zuora worth $20,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. Quarry LP raised its stake in Zuora by 504.9% during the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock worth $53,000 after buying an additional 5,145 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Zuora during the third quarter worth approximately $63,000. Castleview Partners LLC bought a new position in shares of Zuora in the 3rd quarter worth $79,000. Palumbo Wealth Management LLC grew its position in Zuora by 11.7% in the 3rd quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock valued at $99,000 after purchasing an additional 1,210 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in Zuora in the 3rd quarter valued at $112,000. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Zuora Stock Down 0.2 %

Shares of ZUO stock opened at $9.98 on Friday. Zuora, Inc. has a 52-week low of $7.70 and a 52-week high of $10.85. The company has a 50-day simple moving average of $9.95 and a two-hundred day simple moving average of $9.42. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 2.00.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CAO Matthew R. Dobson sold 2,908 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $28,876.44. Following the completion of the sale, the chief accounting officer now owns 83,958 shares in the company, valued at $833,702.94. This trade represents a 3.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter Hirsch sold 19,469 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $9.97, for a total value of $194,105.93. Following the completion of the transaction, the insider now owns 24,146 shares in the company, valued at approximately $240,735.62. The trade was a 44.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 207,868 shares of company stock valued at $2,064,908 over the last three months. 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.