Zuora, Inc. (NYSE:ZUO) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in shares of Zuora, Inc. (NYSE:ZUO) by 32.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,800 shares of the company’s stock after purchasing an additional 18,176 shares during the period. Wells Fargo & Company MN’s holdings in Zuora were worth $732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Slotnik Capital LLC acquired a new position in shares of Zuora in the fourth quarter worth $670,000. Trexquant Investment LP raised its stake in Zuora by 77.3% in the 4th quarter. Trexquant Investment LP now owns 269,000 shares of the company’s stock valued at $2,668,000 after purchasing an additional 117,320 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Zuora by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,189,175 shares of the company’s stock valued at $31,644,000 after purchasing an additional 52,168 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Zuora during the 4th quarter worth about $602,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Zuora by 109.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,357,622 shares of the company’s stock worth $23,388,000 after purchasing an additional 1,231,026 shares during the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Zuora Stock Performance

NYSE:ZUO opened at $10.02 on Friday. 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 firm has a market cap of $1.54 billion, a PE ratio of -20.45 and a beta of 1.67. The firm has a 50 day simple moving average of $10.02 and a 200-day simple moving average of $9.96. Zuora, Inc. has a 1-year low of $8.20 and a 1-year 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.