Wolverine Asset Management LLC Invests $238,000 in Zuora, Inc. (NYSE:ZUO)

Wolverine Asset Management LLC bought a new stake in Zuora, Inc. (NYSE:ZUO) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,988 shares of the company’s stock, valued at approximately $238,000.

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

Zuora Price Performance

Shares of ZUO opened at $10.02 on Monday. The company’s 50-day moving average is $9.97 and its 200-day moving average is $9.51. 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 firm has a market capitalization of $1.54 billion, a PE ratio of -20.45 and a beta of 1.67. Zuora, Inc. has a fifty-two week low of $7.70 and a fifty-two week high of $10.85.

Insider Activity at Zuora

In other Zuora news, insider Peter Hirsch sold 25,664 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $254,843.52. Following the transaction, the insider now directly owns 43,615 shares of the company’s stock, valued at $433,096.95. This represents a 37.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Tien Tzuo sold 48,569 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $482,290.17. Following the transaction, the chief executive officer now owns 110,576 shares in the company, valued at $1,098,019.68. The trade was a 30.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 207,868 shares of company stock worth $2,064,908. Insiders own 8.62% of the company’s stock.

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.