1,456,579 Shares in Zuora, Inc. (NYSE:ZUO) Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new stake in shares of Zuora, Inc. (NYSE:ZUO) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,456,579 shares of the company’s stock, valued at approximately $14,449,000. Polar Asset Management Partners Inc. owned about 0.95% of Zuora as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in Zuora by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,189,175 shares of the company’s stock worth $31,644,000 after buying an additional 52,168 shares in the last quarter. TIG Advisors LLC purchased a new position in Zuora during the fourth quarter worth $28,475,000. Water Island Capital LLC purchased a new position in Zuora during the fourth quarter worth $24,031,000. Balyasny Asset Management L.P. purchased a new position in Zuora during the fourth quarter worth $23,795,000. Finally, JPMorgan Chase & Co. increased its position in Zuora by 109.3% during the fourth quarter. JPMorgan Chase & Co. now owns 2,357,622 shares of the company’s stock worth $23,388,000 after buying an additional 1,231,026 shares in the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Zuora Stock Performance

Zuora stock 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 stock has a fifty day moving average of $10.02 and a two-hundred day moving average of $9.98. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -20.45 and a beta of 1.67. Zuora, Inc. has a fifty-two week low of $8.20 and a fifty-two week high of $10.85.

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.