Skandinaviska Enskilda Banken AB publ Makes New Investment in Zuora, Inc. (NYSE:ZUO)

Skandinaviska Enskilda Banken AB publ bought a new position in Zuora, Inc. (NYSE:ZUO) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 10,290 shares of the company’s stock, valued at approximately $102,000.

Several other large investors have also recently added to or reduced their stakes in ZUO. Vestcor Inc acquired a new stake in Zuora in the fourth quarter worth $40,000. SBI Securities Co. Ltd. bought a new position in shares of Zuora in the fourth quarter worth $41,000. Quarry LP grew its stake in shares of Zuora by 504.9% in 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 in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Zuora in the third quarter worth $63,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Zuora in the third quarter worth $112,000. 83.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Zuora

In related news, insider Peter Hirsch sold 19,469 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was 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 owns 24,146 shares of the company’s stock, valued at $240,735.62. This trade represents a 44.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Matthew R. Dobson sold 2,908 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $28,876.44. Following the transaction, the chief accounting officer now directly owns 83,958 shares of the company’s stock, valued at $833,702.94. This represents a 3.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 207,868 shares of company stock valued at $2,064,908. 8.62% of the stock is currently owned by corporate insiders.

Zuora Stock Performance

NYSE:ZUO opened at $10.02 on Wednesday. Zuora, Inc. has a 1 year low of $8.20 and a 1 year high of $10.85. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -20.45 and a beta of 1.67. The business has a fifty day moving average of $10.00 and a 200-day moving average of $9.67. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.62 and a current ratio of 2.62.

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.