Emerald Advisers LLC Has $414,000 Stock Position in Zuora, Inc. (NYSE:ZUO)

Emerald Advisers LLC lessened its holdings in shares of Zuora, Inc. (NYSE:ZUO) by 96.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,767 shares of the company’s stock after selling 1,063,806 shares during the quarter. Emerald Advisers LLC’s holdings in Zuora were worth $414,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in shares of Zuora by 274.9% during the 3rd quarter. Victory Capital Management Inc. now owns 66,279 shares of the company’s stock worth $571,000 after acquiring an additional 48,601 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Zuora by 27.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 502,634 shares of the company’s stock worth $4,333,000 after purchasing an additional 109,570 shares during the period. Intech Investment Management LLC acquired a new position in shares of Zuora in the third quarter valued at $305,000. Charles Schwab Investment Management Inc. raised its position in shares of Zuora by 0.4% in the third 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. Finally, Algert Global LLC lifted its stake in shares of Zuora by 96.6% during the 3rd quarter. Algert Global LLC now owns 228,855 shares of the company’s stock worth $1,973,000 after buying an additional 112,420 shares during the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

Insider Activity

In related news, insider Peter Hirsch sold 19,469 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $9.97, for a total value of $194,105.93. Following the completion of the sale, the insider now directly owns 24,146 shares in the company, valued at $240,735.62. The trade was a 44.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Todd Mcelhatton sold 50,373 shares of the stock in a transaction 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 owns 404,634 shares in the company, valued at $4,018,015.62. The trade was a 11.07 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 207,868 shares of company stock valued at $2,064,908. 8.62% of the stock is owned by insiders.

Zuora Price Performance

Shares of ZUO opened at $10.02 on Monday. The firm’s 50-day simple moving average is $10.01 and its 200 day simple moving average is $9.70. 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 firm has a market cap of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67. Zuora, Inc. has a 52 week low of $8.20 and a 52 week 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.