Circumference Group LLC Takes $6.39 Million Position in Zuora, Inc. (NYSE:ZUO)

Circumference Group LLC purchased a new position in Zuora, Inc. (NYSE:ZUOFree Report) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 680,000 shares of the company’s stock, valued at approximately $6,392,000. Zuora makes up approximately 5.3% of Circumference Group LLC’s holdings, making the stock its 4th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Zuora during the 3rd quarter worth $25,000. DekaBank Deutsche Girozentrale purchased a new position in Zuora during the 3rd quarter valued at about $25,000. Sherbrooke Park Advisers LLC bought a new stake in shares of Zuora in the 3rd quarter valued at about $88,000. MQS Management LLC bought a new stake in shares of Zuora in the 3rd quarter valued at about $129,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of Zuora in the 4th quarter worth approximately $166,000. Institutional investors own 83.02% of the company’s stock.

Insider Buying and Selling at Zuora

In other Zuora news, CRO Robert J. Traube sold 11,294 shares of the firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total transaction of $112,940.00. Following the completion of the sale, the executive now owns 17,547 shares of the company’s stock, valued at $175,470. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Zuora news, CEO Tien Tzuo sold 81,635 shares of Zuora stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $8.87, for a total transaction of $724,102.45. Following the completion of the sale, the chief executive officer now directly owns 6,352 shares of the company’s stock, valued at approximately $56,342.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Robert J. Traube sold 11,294 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total transaction of $112,940.00. Following the sale, the executive now owns 17,547 shares of the company’s stock, valued at approximately $175,470. The disclosure for this sale can be found here. Insiders have sold 481,854 shares of company stock worth $4,393,048 in the last ninety days. 8.62% of the stock is owned by insiders.

Zuora Price Performance

Zuora stock remained flat at $10.01 during midday trading on Friday. 128,422 shares of the company traded hands, compared to its average volume of 1,471,188. The company has a current ratio of 2.56, a quick ratio of 2.43 and a debt-to-equity ratio of 2.60. The stock’s fifty day moving average price is $9.62 and its 200-day moving average price is $9.05. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $12.08.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ZUO. Robert W. Baird lifted their price objective on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, May 28th. Lake Street Capital boosted their price objective on shares of Zuora from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Jefferies Financial Group raised their target price on shares of Zuora from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Thursday, May 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Zuora in a research report on Thursday, May 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of Zuora in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.17.

View Our Latest Research Report on Zuora

Zuora Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Zuora (NYSE:ZUO)

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