Peregrine Capital Management LLC Sells 589,126 Shares of Zuora, Inc. (NYSE:ZUO)

Peregrine Capital Management LLC trimmed its position in shares of Zuora, Inc. (NYSE:ZUO) by 98.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,975 shares of the company’s stock after selling 589,126 shares during the period. Peregrine Capital Management LLC’s holdings in Zuora were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Palumbo Wealth Management LLC raised its position in shares of Zuora by 11.7% during the 3rd 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 period. MetLife Investment Management LLC raised its position in shares of Zuora by 3.1% during the 3rd quarter. MetLife Investment Management LLC now owns 76,873 shares of the company’s stock valued at $663,000 after purchasing an additional 2,303 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Zuora by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,153,372 shares of the company’s stock valued at $9,942,000 after purchasing an additional 4,432 shares during the period. Quarry LP raised its position in shares of Zuora by 504.9% during the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after purchasing an additional 5,145 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Zuora by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 300,049 shares of the company’s stock valued at $2,586,000 after purchasing an additional 6,940 shares during the period. 83.02% of the stock is currently owned by institutional investors.

Zuora Stock Performance

Shares of NYSE ZUO opened at $10.02 on Thursday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.62 and a current ratio of 2.62. The company has a market cap of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67. The firm’s fifty day moving average is $9.96 and its two-hundred day moving average is $9.47. Zuora, Inc. has a 52-week low of $7.70 and a 52-week high of $10.85.

Insider Buying and Selling at Zuora

In other Zuora news, CAO Matthew R. Dobson sold 2,908 shares of Zuora stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $28,876.44. Following the sale, the chief accounting officer now directly owns 83,958 shares in the company, valued at approximately $833,702.94. The trade was a 3.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Peter Hirsch sold 19,469 shares of Zuora stock in a transaction 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 sale, the insider now owns 24,146 shares in the company, valued at approximately $240,735.62. This represents a 44.64 % 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 worth $2,064,908. Insiders own 8.62% of the company’s stock.

Zuora Company 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.