New York Life Investment Management LLC Purchases New Holdings in Zuora, Inc. (NYSE:ZUO)

New York Life Investment Management LLC acquired a new position in Zuora, Inc. (NYSE:ZUO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 280,214 shares of the company’s stock, valued at approximately $2,780,000. New York Life Investment Management LLC owned 0.18% of Zuora at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. grew its stake in shares of Zuora by 534.0% during the third quarter. Asset Management One Co. Ltd. now owns 98,015 shares of the company’s stock valued at $845,000 after buying an additional 82,555 shares during the last quarter. Entropy Technologies LP purchased a new position in Zuora during the 3rd quarter valued at $155,000. GSA Capital Partners LLP grew its position in Zuora by 58.7% in the 3rd quarter. GSA Capital Partners LLP now owns 100,840 shares of the company’s stock valued at $869,000 after acquiring an additional 37,279 shares during the last quarter. Victory Capital Management Inc. increased its stake in Zuora by 274.9% in the third quarter. Victory Capital Management Inc. now owns 66,279 shares of the company’s stock worth $571,000 after purchasing an additional 48,601 shares during the period. Finally, MQS Management LLC bought a new stake in shares of Zuora during the third quarter worth $161,000. Institutional investors own 83.02% of the company’s stock.

Zuora Stock Performance

NYSE ZUO opened at $10.02 on Monday. The stock has a market cap of $1.54 billion, a PE ratio of -20.45 and a beta of 1.67. Zuora, Inc. has a 12 month low of $7.93 and a 12 month high of $10.85. The company’s 50-day moving average price is $9.98 and its 200-day moving average price is $9.56. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 2.00.

Insider Buying and Selling at Zuora

In other news, CRO Robert J. Traube sold 60,885 shares of Zuora stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $604,588.05. Following the completion of the sale, the executive now owns 168,906 shares of the company’s stock, valued at approximately $1,677,236.58. The trade was a 26.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 completion of the transaction, the insider now directly owns 43,615 shares in the company, valued at approximately $433,096.95. This trade represents a 37.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 207,868 shares of company stock valued at $2,064,908 in the last three months. Company insiders own 8.62% of the company’s stock.

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.