Wolverine Asset Management LLC Makes New Investment in Zuora, Inc. (NYSE:ZUO)

Wolverine Asset Management LLC purchased a new stake in shares of Zuora, Inc. (NYSE:ZUO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,988 shares of the company’s stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ZUO. Quarry LP raised its holdings in Zuora by 504.9% in the 3rd 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 last quarter. Point72 Hong Kong Ltd acquired a new position in Zuora in the 3rd quarter valued at approximately $63,000. Palumbo Wealth Management LLC raised its stake in shares of Zuora by 11.7% during the third quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock valued at $99,000 after acquiring an additional 1,210 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Zuora during the third quarter worth $112,000. Finally, Entropy Technologies LP bought a new stake in shares of Zuora in the third quarter worth $155,000. 83.02% of the stock is currently owned by institutional investors.

Zuora Stock Performance

NYSE ZUO opened at $10.02 on Monday. 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 quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 2.00. Zuora, Inc. has a twelve month low of $7.70 and a twelve month high of $10.85. The stock has a fifty day simple moving average of $9.97 and a 200 day simple moving average of $9.51.

Insider Buying and Selling at Zuora

In related news, CFO Todd Mcelhatton sold 50,373 shares of Zuora stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $500,203.89. Following the transaction, the chief financial officer now directly owns 404,634 shares of the company’s stock, valued at $4,018,015.62. The trade was a 11.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 sale, the insider now directly owns 24,146 shares of the company’s stock, valued at $240,735.62. This represents a 44.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 207,868 shares of company stock worth $2,064,908. Insiders own 8.62% of the company’s stock.

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.