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

Vestcor Inc bought a new position in Zuora, Inc. (NYSE:ZUO) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,984 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Zuora in the 4th quarter worth about $41,000. Quarry LP grew its position 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 buying an additional 5,145 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Zuora during the 3rd quarter valued at about $63,000. EP Wealth Advisors LLC purchased a new stake in Zuora during the 3rd quarter valued at about $112,000. Finally, Palumbo Wealth Management LLC grew its position in Zuora by 40.0% during the 4th quarter. Palumbo Wealth Management LLC now owns 16,152 shares of the company’s stock valued at $160,000 after purchasing an additional 4,616 shares during the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

Zuora Stock Performance

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

Insider Activity at Zuora

In related news, CAO Matthew R. Dobson sold 2,908 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $28,876.44. Following the sale, the chief accounting officer now directly owns 83,958 shares of the company’s stock, valued at approximately $833,702.94. This represents a 3.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter Hirsch sold 25,664 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $254,843.52. Following the sale, the insider now directly owns 43,615 shares in the company, valued at $433,096.95. This trade represents a 37.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 207,868 shares of company stock valued at $2,064,908. 8.62% of the stock is owned by insiders.

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.