Skandinaviska Enskilda Banken AB publ Makes New Investment in Zuora, Inc. (NYSE:ZUO)

Skandinaviska Enskilda Banken AB publ purchased a new position in Zuora, Inc. (NYSE:ZUO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,290 shares of the company’s stock, valued at approximately $102,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Arizona State Retirement System boosted its stake in shares of Zuora by 3.1% during the 4th quarter. Arizona State Retirement System now owns 39,425 shares of the company’s stock valued at $391,000 after buying an additional 1,197 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Zuora by 3.1% during the 3rd quarter. MetLife Investment Management LLC now owns 76,873 shares of the company’s stock valued at $663,000 after buying an additional 2,303 shares during the last quarter. Vestcor Inc purchased a new position in shares of Zuora during the 4th quarter valued at approximately $40,000. SBI Securities Co. Ltd. purchased a new position in shares of Zuora during the 4th quarter valued at approximately $41,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Zuora by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,153,372 shares of the company’s stock valued at $9,942,000 after acquiring an additional 4,432 shares in the last quarter. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Zuora

In related news, CAO Matthew R. Dobson sold 2,908 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $28,876.44. Following the sale, the chief accounting officer now directly owns 83,958 shares of the company’s stock, valued at approximately $833,702.94. This represents a 3.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Todd Mcelhatton sold 50,373 shares of the company’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 value of $500,203.89. Following the sale, the chief financial officer now directly owns 404,634 shares in the company, valued at approximately $4,018,015.62. This represents a 11.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 207,868 shares of company stock valued at $2,064,908. Corporate insiders own 8.62% of the company’s stock.

Zuora Stock Performance

ZUO stock opened at $10.02 on Wednesday. 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 has a market cap of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67. Zuora, Inc. has a 12-month low of $8.20 and a 12-month high of $10.85. The stock’s 50 day simple moving average is $10.00 and its 200 day simple moving average is $9.67.

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.