Union Bancaire Privee UBP SA Acquires New Holdings in Zuora, Inc. (NYSE:ZUO)

Union Bancaire Privee UBP SA bought a new position in shares of Zuora, Inc. (NYSE:ZUO) in the fourth quarter, HoldingsChannel reports. The firm bought 21,892 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP boosted its holdings in shares of Zuora by 504.9% in the third quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after buying an additional 5,145 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Zuora during the 3rd quarter worth approximately $63,000. Palumbo Wealth Management LLC raised its holdings in shares of Zuora by 11.7% in the third quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock valued at $99,000 after purchasing an additional 1,210 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Zuora in the third quarter worth $112,000. Finally, Entropy Technologies LP acquired a new position in Zuora during the third quarter worth $155,000. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Zuora Price Performance

Zuora stock opened at $10.02 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 2.00. Zuora, Inc. has a 1-year low of $7.70 and a 1-year high of $10.85. The company has a fifty day simple moving average of $9.97 and a 200 day simple moving average of $9.52. The company has a market cap of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67.

Insider Transactions at Zuora

In related news, insider Peter Hirsch sold 25,664 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at approximately $433,096.95. This trade represents a 37.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew R. Dobson sold 2,908 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $28,876.44. Following the transaction, the chief accounting officer now owns 83,958 shares in the company, valued at approximately $833,702.94. The trade was a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 207,868 shares of company stock worth $2,064,908 in the last three months. 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.