Charles Schwab Investment Management Inc. Acquires 44,029 Shares of Zuora, Inc. (NYSE:ZUO)

Charles Schwab Investment Management Inc. increased its stake in Zuora, Inc. (NYSE:ZUO) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,197,401 shares of the company’s stock after purchasing an additional 44,029 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.78% of Zuora worth $11,878,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Samson Rock Capital LLP grew its position in Zuora by 598.4% in the fourth quarter. Samson Rock Capital LLP now owns 2,095,340 shares of the company’s stock worth $20,786,000 after acquiring an additional 1,795,340 shares in the last quarter. Scalar Gauge Management LLC lifted its stake in Zuora by 27.4% during the third quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company’s stock worth $55,897,000 after purchasing an additional 1,393,327 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Zuora by 52.5% during the third quarter. JPMorgan Chase & Co. now owns 1,126,596 shares of the company’s stock worth $9,711,000 after purchasing an additional 387,876 shares during the last quarter. New York Life Investment Management LLC purchased a new position in shares of Zuora in the 4th quarter worth about $2,780,000. Finally, Potrero Capital Research LLC increased its position in shares of Zuora by 8.1% during the 3rd quarter. Potrero Capital Research LLC now owns 2,949,360 shares of the company’s stock valued at $25,423,000 after purchasing an additional 219,863 shares during the last quarter. 83.02% of the stock is currently owned by institutional investors.

Zuora Stock Performance

NYSE:ZUO opened at $10.02 on Friday. Zuora, Inc. has a 1-year low of $8.20 and a 1-year high of $10.85. 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 business has a 50 day moving average of $10.01 and a 200 day moving average of $9.68. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -20.45 and a beta of 1.67.

Insider Activity

In related news, CAO Matthew R. Dobson sold 2,908 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $28,876.44. Following the transaction, the chief accounting officer now directly owns 83,958 shares in the company, valued at $833,702.94. This trade 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 the SEC website. Also, CFO Todd Mcelhatton sold 50,373 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $500,203.89. Following the completion of the sale, the chief financial officer now owns 404,634 shares of the company’s stock, valued at $4,018,015.62. The trade was a 11.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 207,868 shares of company stock valued at $2,064,908. Corporate insiders own 8.62% of the company’s stock.

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.