Vestcor Inc Invests $40,000 in Zuora, Inc. (NYSE:ZUO)

Vestcor Inc acquired a new position in Zuora, Inc. (NYSE:ZUO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,984 shares of the company’s stock, valued at approximately $40,000.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Zuora in the 4th quarter worth approximately $41,000. Quarry LP lifted its stake in shares of Zuora by 504.9% in the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock worth $53,000 after purchasing an additional 5,145 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Zuora in the 3rd quarter worth approximately $63,000. EP Wealth Advisors LLC bought a new position in shares of Zuora in the 3rd quarter worth approximately $112,000. Finally, Palumbo Wealth Management LLC lifted its stake in shares of Zuora by 40.0% in the 4th quarter. Palumbo Wealth Management LLC now owns 16,152 shares of the company’s stock worth $160,000 after purchasing an additional 4,616 shares during the period. Institutional investors own 83.02% of the company’s stock.

Zuora Price Performance

Shares of NYSE:ZUO opened at $10.02 on Wednesday. Zuora, Inc. has a twelve month low of $8.20 and a twelve month high of $10.85. The stock has a market capitalization of $1.54 billion, a PE ratio of -20.45 and a beta of 1.67. The firm’s 50 day moving average price is $10.00 and its 200-day moving average price is $9.67. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 2.00.

Insiders Place Their Bets

In other Zuora news, insider Peter Hirsch sold 19,469 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $9.97, for a total transaction of $194,105.93. Following the sale, the insider now owns 24,146 shares in the company, valued at approximately $240,735.62. This trade represents a 44.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tien Tzuo sold 48,569 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 transaction of $482,290.17. Following the sale, the chief executive officer now owns 110,576 shares in the company, valued at approximately $1,098,019.68. The trade was a 30.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 207,868 shares of company stock worth $2,064,908. Company insiders own 8.62% of the company’s stock.

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.