KLP Kapitalforvaltning AS Makes New Investment in Zuora, Inc. (NYSE:ZUO)

KLP Kapitalforvaltning AS purchased a new stake in Zuora, Inc. (NYSE:ZUO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,800 shares of the company’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vestcor Inc acquired a new position in shares of Zuora in the 4th quarter worth $40,000. SBI Securities Co. Ltd. purchased a new position in Zuora in the 4th quarter worth about $41,000. Quarry LP increased 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. Skandinaviska Enskilda Banken AB publ acquired a new stake in Zuora during the 4th quarter worth about $102,000. Finally, EP Wealth Advisors LLC purchased a new stake in Zuora during the third quarter valued at about $112,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Zuora Stock Performance

Zuora stock opened at $10.02 on Tuesday. Zuora, Inc. has a fifty-two week low of $8.20 and a fifty-two week high of $10.85. The firm’s 50 day simple moving average is $10.02 and its 200-day simple moving average is $9.80. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.62. The company has a market cap of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67.

Insider Buying and Selling

In related news, insider Peter Hirsch sold 19,469 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $9.97, for a total transaction of $194,105.93. Following the transaction, the insider now directly owns 24,146 shares of the company’s stock, valued at approximately $240,735.62. The trade was a 44.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.62% of the company’s stock.

About Zuora

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.