942,721 Shares in Zuora, Inc. (NYSE:ZUO) Purchased by Decagon Asset Management LLP

Decagon Asset Management LLP bought a new position in shares of Zuora, Inc. (NYSE:ZUO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 942,721 shares of the company’s stock, valued at approximately $9,352,000. Zuora accounts for about 3.4% of Decagon Asset Management LLP’s holdings, making the stock its 12th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vestcor Inc acquired a new stake in Zuora in the 4th quarter worth about $40,000. SBI Securities Co. Ltd. acquired a new stake in Zuora in the 4th quarter worth about $41,000. Quarry LP raised its stake in Zuora by 504.9% in the 3rd 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 acquired a new position in shares of Zuora in the 3rd quarter valued at approximately $63,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Zuora in the 4th quarter valued at approximately $102,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Zuora Price Performance

Shares of NYSE:ZUO opened at $10.02 on Wednesday. The firm has a 50 day moving average of $10.00 and a 200-day moving average of $9.67. The stock has a market capitalization of $1.54 billion, a PE ratio of -20.45 and a beta of 1.67. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 2.00. Zuora, Inc. has a 12 month low of $8.20 and a 12 month high of $10.85.

Insider Activity

In related news, CFO Todd Mcelhatton sold 50,373 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $500,203.89. Following the completion of the transaction, the chief financial officer now owns 404,634 shares of the company’s stock, valued at $4,018,015.62. This represents a 11.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Hirsch sold 25,664 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $254,843.52. Following the completion of the transaction, the insider now directly owns 43,615 shares of the company’s stock, valued at approximately $433,096.95. The trade was a 37.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 207,868 shares of company stock worth $2,064,908. 8.62% of the stock is currently owned by corporate insiders.

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.