Mint Tower Capital Management B.V. Purchases Shares of 132,175 Zuora, Inc. (NYSE:ZUO)

Mint Tower Capital Management B.V. acquired a new position in shares of Zuora, Inc. (NYSE:ZUO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 132,175 shares of the company’s stock, valued at approximately $1,311,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ZUO. Vestcor Inc bought a new stake in shares of Zuora in the fourth quarter valued at about $40,000. SBI Securities Co. Ltd. acquired a new position in shares of Zuora during the 4th quarter worth approximately $41,000. Quarry LP increased its holdings in shares of Zuora by 504.9% during the third 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 during the third quarter worth approximately $63,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Zuora in the fourth quarter valued at approximately $102,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Insider Transactions at Zuora

In other Zuora news, CAO Matthew R. Dobson sold 2,908 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $28,876.44. Following the sale, the chief accounting officer now owns 83,958 shares of the company’s stock, valued at approximately $833,702.94. This trade represents a 3.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Peter Hirsch sold 19,469 shares of the 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 completion of the transaction, the insider now directly owns 24,146 shares of the company’s stock, valued at approximately $240,735.62. The trade was a 44.64 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 207,868 shares of company stock valued at $2,064,908. 8.62% of the stock is owned by corporate insiders.

Zuora Stock Performance

Shares of ZUO stock opened at $10.02 on Thursday. The stock has a market cap of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 2.00. The stock has a 50 day simple moving average of $10.01 and a 200 day simple moving average of $9.72. Zuora, Inc. has a 1 year low of $8.20 and a 1 year 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.