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

Picton Mahoney Asset Management bought a new position in shares of Zuora, Inc. (NYSE:ZUO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,250,000 shares of the company’s stock, valued at approximately $12,400,000. Picton Mahoney Asset Management owned 0.81% of Zuora at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in Zuora in the fourth quarter valued at approximately $102,000. Vestcor Inc acquired a new stake in Zuora in the fourth quarter valued at approximately $40,000. Swiss National Bank grew its stake in Zuora by 3.0% in the fourth quarter. Swiss National Bank now owns 267,200 shares of the company’s stock valued at $2,651,000 after acquiring an additional 7,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Zuora by 8.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 547,456 shares of the company’s stock valued at $5,431,000 after acquiring an additional 44,822 shares during the period. Finally, Burren Capital Advisors Ltd acquired a new stake in Zuora in the fourth quarter valued at approximately $1,984,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Insider Activity

In other news, CRO Robert J. Traube sold 60,885 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 $604,588.05. Following the transaction, the executive now owns 168,906 shares in the company, valued at $1,677,236.58. This trade represents a 26.50 % 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 hyperlink. Also, 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 value of $194,105.93. Following the completion of the transaction, the insider now owns 24,146 shares in the company, valued at $240,735.62. This represents a 44.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 207,868 shares of company stock worth $2,064,908 over the last 90 days. 8.62% of the stock is currently owned by corporate insiders.

Zuora Stock Performance

Shares of Zuora stock opened at $10.02 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.62 and a current ratio of 2.62. Zuora, Inc. has a 52 week low of $8.20 and a 52 week high of $10.85. The stock has a 50 day moving average price of $10.00 and a two-hundred day moving average price of $9.64. The stock has a market capitalization of $1.54 billion, a PE ratio of -20.45 and a beta of 1.67.

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.