Peregrine Capital Management LLC Cuts Stock Holdings in Zuora, Inc. (NYSE:ZUO)

Peregrine Capital Management LLC decreased its position in shares of Zuora, Inc. (NYSE:ZUO) by 98.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,975 shares of the company’s stock after selling 589,126 shares during the quarter. Peregrine Capital Management LLC’s holdings in Zuora were worth $99,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Scalar Gauge Management LLC grew its holdings in shares of Zuora by 27.4% during the third quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company’s stock valued at $55,897,000 after buying an additional 1,393,327 shares during the last quarter. State Street Corp boosted its holdings in Zuora by 0.3% in the third quarter. State Street Corp now owns 3,302,811 shares of the company’s stock worth $28,470,000 after purchasing an additional 10,424 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Zuora by 4.0% in the third quarter. Geode Capital Management LLC now owns 3,137,007 shares of the company’s stock worth $27,047,000 after purchasing an additional 119,439 shares during the last quarter. Potrero Capital Research LLC boosted its holdings in Zuora by 8.1% in the third quarter. Potrero Capital Research LLC now owns 2,949,360 shares of the company’s stock worth $25,423,000 after purchasing an additional 219,863 shares during the last quarter. Finally, Samson Rock Capital LLP boosted its holdings in Zuora by 598.4% in the fourth quarter. Samson Rock Capital LLP now owns 2,095,340 shares of the company’s stock worth $20,786,000 after purchasing an additional 1,795,340 shares during the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Insider Buying and Selling

In other news, CEO Tien Tzuo sold 48,569 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 transaction of $482,290.17. Following the transaction, the chief executive officer now owns 110,576 shares in the company, valued at $1,098,019.68. This trade represents a 30.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Todd Mcelhatton sold 50,373 shares of Zuora stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $500,203.89. Following the transaction, the chief financial officer now owns 404,634 shares in the company, valued at $4,018,015.62. This represents a 11.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 207,868 shares of company stock worth $2,064,908. 8.62% of the stock is owned by insiders.

Zuora Stock Performance

Shares of ZUO stock opened at $10.02 on Thursday. Zuora, Inc. has a 12-month low of $7.70 and a 12-month high of $10.85. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 2.00. The firm’s 50 day moving average is $9.96 and its 200 day moving average is $9.47. The stock has a market capitalization of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67.

Zuora 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.