Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes $198,000 Position in Zuora, Inc. (NYSE:ZUO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased 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 Securities and Exchange Commission. The fund purchased 20,000 shares of the company’s stock, valued at approximately $198,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of Zuora by 274.9% during the third quarter. Victory Capital Management Inc. now owns 66,279 shares of the company’s stock valued at $571,000 after acquiring an additional 48,601 shares in the last quarter. Intech Investment Management LLC purchased a new position in Zuora in the third quarter valued at about $305,000. Charles Schwab Investment Management Inc. increased its holdings in Zuora by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,153,372 shares of the company’s stock worth $9,942,000 after purchasing an additional 4,432 shares during the last quarter. Algert Global LLC increased its holdings in Zuora by 96.6% during the 3rd quarter. Algert Global LLC now owns 228,855 shares of the company’s stock worth $1,973,000 after purchasing an additional 112,420 shares during the last quarter. Finally, FMR LLC raised its position in shares of Zuora by 38.4% in the 3rd quarter. FMR LLC now owns 246,499 shares of the company’s stock valued at $2,125,000 after purchasing an additional 68,338 shares in the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Insider Buying and Selling at Zuora

In other Zuora news, CEO Tien Tzuo sold 48,569 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 $482,290.17. Following the sale, the chief executive officer now owns 110,576 shares in the company, valued at $1,098,019.68. This represents a 30.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Peter Hirsch sold 25,664 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $254,843.52. Following the transaction, the insider now directly owns 43,615 shares in the company, valued at approximately $433,096.95. This represents a 37.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 207,868 shares of company stock worth $2,064,908 in the last ninety days. 8.62% of the stock is owned by insiders.

Zuora Price Performance

ZUO stock opened at $10.02 on Friday. Zuora, Inc. has a twelve month low of $8.20 and a twelve 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 company has a market capitalization of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67. The firm has a 50 day simple moving average of $10.01 and a 200-day simple moving average of $9.72.

Zuora Company 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.