Zuora, Inc. (NYSE:ZUO) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP lifted its stake in shares of Zuora, Inc. (NYSE:ZUO) by 214.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,573 shares of the company’s stock after acquiring an additional 38,600 shares during the quarter. Entropy Technologies LP’s holdings in Zuora were worth $561,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP raised its position in Zuora by 504.9% in the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after purchasing an additional 5,145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Zuora during the third quarter worth approximately $63,000. Castleview Partners LLC acquired a new stake in Zuora in the third quarter valued at approximately $79,000. Palumbo Wealth Management LLC lifted its stake 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 during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Zuora during the 3rd quarter worth approximately $112,000. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

Zuora Price Performance

Shares of NYSE:ZUO opened at $10.00 on Wednesday. Zuora, Inc. has a 12 month low of $7.70 and a 12 month high of $10.85. The firm has a market capitalization of $1.54 billion, a P/E ratio of -20.41 and a beta of 1.67. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.62. The company’s fifty day moving average price is $9.96 and its 200 day moving average price is $9.43.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ZUO. Lake Street Capital restated a “hold” rating and issued a $10.00 price objective on shares of Zuora in a report on Friday, October 18th. Needham & Company LLC restated a “hold” rating and issued a $15.00 price target 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.33.

Insider Transactions at Zuora

In other Zuora news, CAO Matthew R. Dobson sold 2,908 shares of Zuora stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $28,876.44. Following the transaction, the chief accounting officer now directly owns 83,958 shares in the company, valued at approximately $833,702.94. The trade was a 3.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter Hirsch sold 19,469 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $9.97, for a total transaction of $194,105.93. Following the sale, the insider now owns 24,146 shares of the company’s stock, valued at $240,735.62. This trade represents a 44.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 207,868 shares of company stock worth $2,064,908. 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.