Entropy Technologies LP Boosts Holdings in Zuora, Inc. (NYSE:ZUO)

Entropy Technologies LP grew its position in shares of Zuora, Inc. (NYSE:ZUO) by 214.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,573 shares of the company’s stock after buying 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 SEC.

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

Zuora Stock Up 0.1 %

ZUO opened at $10.00 on Wednesday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.62 and a current ratio of 2.62. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -20.41 and a beta of 1.67. Zuora, Inc. has a one year low of $7.70 and a one year high of $10.85. The business’s fifty day moving average is $9.96 and its two-hundred day moving average is $9.43.

Analyst Ratings Changes

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

Insider Transactions at Zuora

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 transaction, the chief accounting officer now directly owns 83,958 shares of the company’s stock, 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 Zuora stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $9.97, for a total value of $194,105.93. Following the transaction, the insider now owns 24,146 shares of the company’s stock, valued at $240,735.62. This represents a 44.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 207,868 shares of company stock valued at $2,064,908 in the last 90 days. 8.62% of the stock is currently owned by insiders.

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.