Zuora, Inc. (NYSE:ZUO) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in shares of Zuora, Inc. (NYSE:ZUO) by 59.9% during the third quarter, HoldingsChannel reports. The fund owned 395,132 shares of the company’s stock after selling 590,500 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Zuora were worth $3,406,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zuora in the 2nd quarter valued at approximately $44,000. CWM LLC lifted its holdings in shares of Zuora by 25.0% in the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after buying an additional 1,590 shares during the period. Castleview Partners LLC purchased a new stake in shares of Zuora in the third quarter valued at approximately $79,000. Canada Pension Plan Investment Board acquired a new position in Zuora during the second quarter worth $85,000. Finally, Palumbo Wealth Management LLC raised its position in Zuora by 11.7% in the third quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock worth $99,000 after acquiring an additional 1,210 shares in the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on ZUO. Canaccord Genuity Group restated a “buy” rating and set a $13.00 target price on shares of Zuora in a research report on Thursday, August 22nd. 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. Finally, Needham & Company LLC reaffirmed a “hold” rating and issued a $15.00 target price on shares of Zuora in a report on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Zuora currently has a consensus rating of “Hold” and a consensus price target of $11.43.

Zuora Price Performance

Zuora stock opened at $9.93 on Friday. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 1.90. The firm’s 50-day simple moving average is $9.48 and its 200 day simple moving average is $9.31. Zuora, Inc. has a 52 week low of $7.70 and a 52 week high of $10.85. The firm has a market capitalization of $1.50 billion, a PE ratio of -31.03 and a beta of 1.70.

Insider Buying and Selling at Zuora

In other news, insider Peter Hirsch sold 18,855 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $9.06, for a total value of $170,826.30. Following the completion of the transaction, the insider now directly owns 19,279 shares of the company’s stock, valued at $174,667.74. The trade was a 49.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Andrew M. Cohen sold 20,773 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $173,246.82. Following the sale, the insider now directly owns 172,033 shares in the company, valued at approximately $1,434,755.22. The trade was a 10.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 221,081 shares of company stock valued at $1,857,391 over the last quarter. Corporate insiders own 8.62% of the company’s stock.

Zuora Company 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.