Cavalry Management Group LLC bought a new position in shares of Zuora Inc (NYSE:ZUO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 190,831 shares of the company’s stock, valued at approximately $3,456,000. Zuora comprises approximately 0.8% of Cavalry Management Group LLC’s investment portfolio, making the stock its 17th biggest position. Cavalry Management Group LLC owned approximately 0.18% of Zuora at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Brown Advisory Inc. boosted its stake in Zuora by 11.6% during the 3rd quarter. Brown Advisory Inc. now owns 64,985 shares of the company’s stock worth $1,502,000 after purchasing an additional 6,741 shares during the last quarter. Travelers Companies Inc. acquired a new position in shares of Zuora during the 3rd quarter valued at about $1,332,000. Credit Suisse AG acquired a new position in shares of Zuora during the 3rd quarter valued at about $875,000. Taylor Frigon Capital Management LLC acquired a new position in shares of Zuora during the 4th quarter valued at about $1,620,000. Finally, Intercontinental Wealth Advisors LLC acquired a new position in shares of Zuora during the 4th quarter valued at about $39,000. 32.80% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on the stock. Goldman Sachs Group reissued a “sell” rating and set a $18.00 price target on shares of Zuora in a research report on Friday, February 1st. Zacks Investment Research reissued a “hold” rating on shares of Zuora in a research report on Saturday, January 26th. Finally, Needham & Company LLC lowered their price target on shares of Zuora from $38.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, November 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $27.00.
In related news, SVP Jennifer Pileggi sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 8th. The shares were sold at an average price of $19.67, for a total value of $196,700.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michelangelo Volpi sold 135,160 shares of the business’s stock in a transaction dated Thursday, December 20th. The shares were sold at an average price of $18.23, for a total transaction of $2,463,966.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 307,326 shares of company stock worth $5,648,798.
Shares of ZUO opened at $23.41 on Friday. Zuora Inc has a 12-month low of $15.56 and a 12-month high of $37.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.98 and a current ratio of 1.98.
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Zuora, Inc 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 automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.
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