Baillie Gifford & Co. Has $41.78 Million Position in Zuora, Inc. (NYSE:ZUO)

Baillie Gifford & Co. lessened its stake in Zuora, Inc. (NYSE:ZUO - Free Report) by 11.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,444,865 shares of the company's stock after selling 587,674 shares during the period. Baillie Gifford & Co. owned 3.11% of Zuora worth $41,782,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Quilter Plc acquired a new position in Zuora during the 1st quarter worth approximately $1,986,000,000. Quarry LP acquired a new position in Zuora during the 2nd quarter worth approximately $26,000. Allspring Global Investments Holdings LLC acquired a new position in Zuora during the 3rd quarter worth approximately $25,000. DekaBank Deutsche Girozentrale acquired a new position in Zuora during the 3rd quarter worth approximately $25,000. Finally, Castleview Partners LLC acquired a new position in Zuora during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 83.02% of the company's stock.

Insider Activity at Zuora

In related news, CFO Todd Mcelhatton sold 31,006 shares of the company's stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total value of $266,961.66. Following the sale, the chief financial officer now owns 277,803 shares of the company's stock, valued at approximately $2,391,883.83. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Zuora news, insider Andrew M. Cohen sold 11,864 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total transaction of $102,149.04. Following the transaction, the insider now owns 137,898 shares of the company's stock, valued at approximately $1,187,301.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Todd Mcelhatton sold 31,006 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total value of $266,961.66. Following the transaction, the chief financial officer now directly owns 277,803 shares in the company, valued at approximately $2,391,883.83. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,704 shares of company stock valued at $1,682,192. 9.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Canaccord Genuity Group dropped their target price on Zuora from $16.00 to $13.00 and set a "buy" rating on the stock in a research report on Thursday, February 29th. Robert W. Baird decreased their price target on Zuora from $10.00 to $8.00 and set a "neutral" rating on the stock in a research note on Thursday, February 29th. The Goldman Sachs Group raised Zuora from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $10.00 to $12.00 in a research note on Tuesday, January 23rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $15.00 price target on shares of Zuora in a research note on Thursday, February 29th.

Zuora Price Performance

Shares of NYSE:ZUO traded down $0.13 during trading on Wednesday, hitting $8.37. 1,890,431 shares of the stock were exchanged, compared to its average volume of 1,295,687. The company has a fifty day moving average price of $8.68 and a two-hundred day moving average price of $8.49. The company has a market cap of $1.22 billion, a PE ratio of -17.29 and a beta of 1.90. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.69. Zuora, Inc. has a 12-month low of $7.05 and a 12-month high of $12.12.

Zuora (NYSE:ZUO - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.10. Zuora had a negative return on equity of 46.38% and a negative net margin of 15.80%. The firm had revenue of $110.67 million for the quarter, compared to analyst estimates of $110.80 million. On average, analysts forecast that Zuora, Inc. will post -0.15 EPS for the current year.

Zuora Profile

Zuora, Inc, together with its subsidiaries, provides cloud-based subscription management platform that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora platform that acts as an orchestration engine that allows customers quote-to-cash and revenue operations; and Zuora Billing that helps customers to set payment terms, manage hierarchical billing relationships, consolidate invoicing across multiple subscriptions, and tax transactions.