New York State Common Retirement Fund Has $381,000 Stock Holdings in Zuora, Inc. (NYSE:ZUO)

New York State Common Retirement Fund trimmed its position in Zuora, Inc. (NYSE:ZUO) by 94.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,444 shares of the company’s stock after selling 701,006 shares during the quarter. New York State Common Retirement Fund’s holdings in Zuora were worth $381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of Zuora by 504.9% in the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after purchasing an additional 5,145 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Zuora in the third quarter valued at approximately $63,000. EP Wealth Advisors LLC bought a new position in Zuora in the third quarter valued at approximately $112,000. Palumbo Wealth Management LLC grew its holdings in Zuora by 40.0% during the 4th quarter. Palumbo Wealth Management LLC now owns 16,152 shares of the company’s stock worth $160,000 after acquiring an additional 4,616 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Zuora during the 3rd quarter valued at $155,000. 83.02% of the stock is owned by institutional investors.

Insider Activity at Zuora

In other Zuora news, CAO Matthew R. Dobson sold 2,908 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $28,876.44. Following the completion of the transaction, the chief accounting officer now directly owns 83,958 shares of the company’s stock, valued at approximately $833,702.94. The trade was a 3.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Hirsch sold 19,469 shares of the firm’s stock in a transaction dated 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 approximately $240,735.62. This represents a 44.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 207,868 shares of company stock worth $2,064,908. 8.62% of the stock is currently owned by company insiders.

Zuora Stock Performance

ZUO stock opened at $10.02 on Wednesday. Zuora, Inc. has a twelve month low of $8.07 and a twelve month high of $10.85. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 2.00. The company has a market cap of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67. The business’s fifty day moving average is $9.98 and its 200-day moving average is $9.58.

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.