Mint Tower Capital Management B.V. Invests $1.31 Million in Zuora, Inc. (NYSE:ZUO)

Mint Tower Capital Management B.V. acquired a new stake in Zuora, Inc. (NYSE:ZUO) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 132,175 shares of the company’s stock, valued at approximately $1,311,000. Mint Tower Capital Management B.V. owned approximately 0.09% of Zuora at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of Zuora by 274.9% in the third quarter. Victory Capital Management Inc. now owns 66,279 shares of the company’s stock valued at $571,000 after purchasing an additional 48,601 shares in the last quarter. Intech Investment Management LLC bought a new stake in Zuora in the 3rd quarter valued at approximately $305,000. Charles Schwab Investment Management Inc. boosted its position 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 acquiring an additional 4,432 shares during the last quarter. Algert Global LLC grew its stake in shares of 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 acquiring an additional 112,420 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Zuora by 38.4% in the third 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 during the last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.

Zuora Stock Performance

Shares of ZUO stock opened at $10.02 on Thursday. Zuora, Inc. has a 12 month low of $8.20 and a 12 month high of $10.85. The company’s fifty day simple moving average is $10.01 and its 200-day simple moving average is $9.72. The firm has a market cap of $1.54 billion, a PE ratio of -20.45 and a beta of 1.67. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 2.00.

Insider Buying and Selling at Zuora

In other Zuora news, insider Peter Hirsch sold 25,664 shares of the firm’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 value of $254,843.52. Following the completion of the transaction, the insider now directly owns 43,615 shares in the company, valued at $433,096.95. This trade represents a 37.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew R. Dobson sold 2,908 shares of the business’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 value of $28,876.44. Following the transaction, the chief accounting officer now directly owns 83,958 shares in the company, valued at $833,702.94. This trade represents a 3.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 207,868 shares of company stock worth $2,064,908. Insiders own 8.62% of the company’s stock.

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.