Corebridge Financial Inc. Has $688,000 Holdings in Zuora, Inc. (NYSE:ZUO)

Corebridge Financial Inc. decreased its position in shares of Zuora, Inc. (NYSE:ZUO) by 7.0% during the 4th quarter, HoldingsChannel reports. The fund owned 69,396 shares of the company’s stock after selling 5,239 shares during the period. Corebridge Financial Inc.’s holdings in Zuora were worth $688,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ZUO. KLP Kapitalforvaltning AS acquired a new position in Zuora in the 4th quarter worth about $246,000. American Century Companies Inc. acquired a new position in shares of Zuora in the fourth quarter valued at approximately $120,000. Quantbot Technologies LP raised its holdings in Zuora by 14.0% in the 4th quarter. Quantbot Technologies LP now owns 49,730 shares of the company’s stock valued at $493,000 after buying an additional 6,095 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Zuora during the 4th quarter worth approximately $198,000. Finally, Decagon Asset Management LLP bought a new stake in Zuora during the 4th quarter worth approximately $9,352,000. Institutional investors own 83.02% of the company’s stock.

Insider Activity at Zuora

In related news, insider Peter Hirsch sold 19,469 shares of the company’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 directly owns 24,146 shares in the company, valued at $240,735.62. This represents a 44.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.62% of the stock is currently owned by company insiders.

Zuora Price Performance

ZUO stock opened at $10.02 on Monday. The company has a fifty day moving average price of $10.02 and a 200-day moving average price of $9.79. The company has a market capitalization of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67. Zuora, Inc. has a 52-week low of $8.20 and a 52-week high of $10.85. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.62 and a current ratio of 2.62.

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.