Rice Hall James & Associates LLC Sells 333,693 Shares of Zuora, Inc. (NYSE:ZUO)

Rice Hall James & Associates LLC decreased its position in shares of Zuora, Inc. (NYSE:ZUO) by 53.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 288,834 shares of the company’s stock after selling 333,693 shares during the period. Rice Hall James & Associates LLC’s holdings in Zuora were worth $2,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ZUO. Samson Rock Capital LLP increased its position in Zuora by 598.4% during the fourth quarter. Samson Rock Capital LLP now owns 2,095,340 shares of the company’s stock valued at $20,786,000 after acquiring an additional 1,795,340 shares during the last quarter. Scalar Gauge Management LLC boosted its stake in shares of Zuora by 27.4% during the third quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company’s stock valued at $55,897,000 after purchasing an additional 1,393,327 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Zuora by 52.5% during the third quarter. JPMorgan Chase & Co. now owns 1,126,596 shares of the company’s stock valued at $9,711,000 after purchasing an additional 387,876 shares during the period. Potrero Capital Research LLC boosted its stake in shares of Zuora by 8.1% during the third 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 period. Finally, Barclays PLC boosted its stake in shares of Zuora by 256.0% during the third quarter. Barclays PLC now owns 280,963 shares of the company’s stock valued at $2,422,000 after purchasing an additional 202,047 shares during the period. Institutional investors own 83.02% of the company’s stock.

Insider Activity

In related news, CFO Todd Mcelhatton sold 50,373 shares of the company’s stock in a transaction dated 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 directly owns 404,634 shares of the company’s stock, valued at $4,018,015.62. This represents a 11.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tien Tzuo sold 48,569 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $482,290.17. Following the completion of the sale, the chief executive officer now directly owns 110,576 shares of the company’s stock, valued at approximately $1,098,019.68. This trade represents a 30.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 207,868 shares of company stock valued at $2,064,908. 8.62% of the stock is currently owned by company insiders.

Zuora Price Performance

Shares of ZUO opened at $10.02 on Wednesday. The firm 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 12-month low of $7.70 and a 12-month high of $10.85. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 2.00. The firm has a fifty day moving average price of $9.96 and a 200-day moving average price of $9.46.

About Zuora

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.