Palogic Value Management L.P. Sells 180,000 Shares of Zuora, Inc. (NYSE:ZUO)

Palogic Value Management L.P. lowered its stake in Zuora, Inc. (NYSE:ZUO) by 45.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 219,983 shares of the company’s stock after selling 180,000 shares during the period. Palogic Value Management L.P.’s holdings in Zuora were worth $2,182,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Zuora during the 4th quarter worth about $198,000. Decagon Asset Management LLP bought a new position in Zuora during the fourth quarter worth about $9,352,000. Cibc World Markets Corp acquired a new position in Zuora during the fourth quarter worth approximately $130,000. Picton Mahoney Asset Management bought a new stake in Zuora in the fourth quarter valued at approximately $12,400,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Zuora in the fourth quarter valued at approximately $102,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Insider Activity

In other Zuora news, CAO Matthew R. Dobson sold 2,908 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $28,876.44. Following the transaction, the chief accounting officer now directly owns 83,958 shares of the company’s stock, valued at $833,702.94. This represents a 3.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Hirsch sold 19,469 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 24,146 shares of the company’s stock, valued at approximately $240,735.62. This represents a 44.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 207,868 shares of company stock valued at $2,064,908 over the last ninety days. 8.62% of the stock is currently owned by company insiders.

Zuora Price Performance

ZUO opened at $10.02 on Friday. The stock’s fifty day simple moving average is $10.01 and its 200 day simple moving average is $9.73. Zuora, Inc. has a 1-year low of $8.20 and a 1-year high of $10.85. The stock has a market cap 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 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.