Zuora, Inc. (NYSE:ZUO) is Scalar Gauge Management LLC’s 7th Largest Position

Scalar Gauge Management LLC lowered its position in shares of Zuora, Inc. (NYSE:ZUO) by 77.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,491,501 shares of the company’s stock after selling 4,993,098 shares during the quarter. Zuora comprises about 6.8% of Scalar Gauge Management LLC’s portfolio, making the stock its 7th largest position. Scalar Gauge Management LLC owned about 0.97% of Zuora worth $14,796,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vestcor Inc purchased a new stake in Zuora in the fourth quarter valued at $40,000. SBI Securities Co. Ltd. purchased a new stake in Zuora during the fourth quarter worth $41,000. Quarry LP grew its position in Zuora by 504.9% during 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 purchased a new position in Zuora in the third quarter valued at $63,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Zuora in the fourth quarter worth about $102,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Insider Activity

In other news, insider Peter Hirsch sold 19,469 shares of Zuora stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $9.97, for a total value of $194,105.93. Following the sale, the insider now owns 24,146 shares in the company, valued at $240,735.62. This trade represents a 44.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Robert J. Traube sold 60,885 shares of the company’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 $604,588.05. Following the transaction, the executive now owns 168,906 shares of the company’s stock, valued at approximately $1,677,236.58. This trade represents a 26.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 207,868 shares of company stock worth $2,064,908 over the last three months. 8.62% of the stock is currently owned by corporate insiders.

Zuora Price Performance

NYSE:ZUO opened at $10.02 on Monday. The stock has a market capitalization of $1.54 billion, a PE ratio of -20.45 and a beta of 1.67. The stock’s 50-day moving average price is $10.01 and its 200-day moving average price is $9.75. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 2.00. Zuora, Inc. has a 52 week low of $8.20 and a 52 week high of $10.85.

Zuora 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.