Ieq Capital LLC Sells 48,378 Shares of Zuora, Inc. (NYSE:ZUO)

Ieq Capital LLC cut its holdings in Zuora, Inc. (NYSE:ZUO) by 32.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,950 shares of the company’s stock after selling 48,378 shares during the quarter. Ieq Capital LLC owned 0.07% of Zuora worth $1,021,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP lifted its position in shares of Zuora by 504.9% during the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after acquiring an additional 5,145 shares during the period. Point72 Hong Kong Ltd bought a new stake in Zuora in the third quarter valued at $63,000. Palumbo Wealth Management LLC raised its holdings in shares of Zuora by 11.7% during the third quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock valued at $99,000 after purchasing an additional 1,210 shares during the period. EP Wealth Advisors LLC bought a new position in shares of Zuora during the 3rd quarter worth about $112,000. Finally, Entropy Technologies LP acquired a new stake in shares of Zuora in the 3rd quarter valued at about $155,000. 83.02% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CRO Robert J. Traube sold 60,885 shares of Zuora stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $604,588.05. Following the completion of the sale, the executive now owns 168,906 shares of the company’s stock, valued at approximately $1,677,236.58. This trade represents a 26.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Todd Mcelhatton sold 50,373 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $500,203.89. Following the sale, the chief financial officer now owns 404,634 shares of the company’s stock, valued at $4,018,015.62. This trade represents a 11.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 207,868 shares of company stock worth $2,064,908 over the last quarter. 8.62% of the stock is currently owned by corporate insiders.

Zuora Price Performance

ZUO stock opened at $10.02 on Tuesday. The stock’s 50 day simple moving average is $9.97 and its 200 day simple moving average is $9.52. The company has a market cap of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67. 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, Inc. has a fifty-two week low of $7.70 and a fifty-two week 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.