1,250,000 Shares in Zuora, Inc. (NYSE:ZUO) Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management purchased a new position in shares of Zuora, Inc. (NYSE:ZUO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,250,000 shares of the company’s stock, valued at approximately $12,400,000.

A number of other hedge funds have also bought and sold shares of the business. Arizona State Retirement System raised its stake in shares of Zuora by 3.1% in the fourth 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 period. MetLife Investment Management LLC grew its position in shares of Zuora by 3.1% in the third quarter. MetLife Investment Management LLC now owns 76,873 shares of the company’s stock valued at $663,000 after purchasing an additional 2,303 shares in the last quarter. Vestcor Inc purchased a new position in shares of Zuora in the fourth quarter valued at $40,000. SBI Securities Co. Ltd. purchased a new position in shares of Zuora in the fourth quarter valued at $41,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Zuora by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,153,372 shares of the company’s stock valued at $9,942,000 after purchasing an additional 4,432 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Matthew R. Dobson sold 2,908 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $28,876.44. Following the completion of the transaction, the chief accounting officer now directly owns 83,958 shares in the company, valued at $833,702.94. The trade was a 3.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Hirsch sold 25,664 shares of the business’s stock in a transaction dated 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 owns 43,615 shares of the company’s stock, valued at approximately $433,096.95. The trade was a 37.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 207,868 shares of company stock worth $2,064,908. 8.62% of the stock is owned by corporate insiders.

Zuora Price Performance

Shares of NYSE ZUO opened at $10.02 on Friday. 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 fifty-two week low of $8.20 and a fifty-two week high of $10.85. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.62 and a current ratio of 2.62. The stock has a fifty day moving average of $10.00 and a 200-day moving average of $9.64.

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.