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

Charles Schwab Investment Management Inc. increased its position in Zuora, Inc. (NYSE:ZUO) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,197,401 shares of the company’s stock after acquiring an additional 44,029 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Zuora were worth $11,878,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. MetLife Investment Management LLC boosted its position in Zuora by 3.1% in the third quarter. MetLife Investment Management LLC now owns 76,873 shares of the company’s stock worth $663,000 after purchasing an additional 2,303 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Zuora in the 4th quarter worth approximately $41,000. Palumbo Wealth Management LLC boosted its holdings in shares of Zuora by 40.0% in the fourth quarter. Palumbo Wealth Management LLC now owns 16,152 shares of the company’s stock worth $160,000 after buying an additional 4,616 shares during the last quarter. Quarry LP grew its position in Zuora by 504.9% during the third quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after buying an additional 5,145 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Zuora by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 300,049 shares of the company’s stock valued at $2,586,000 after buying an additional 6,940 shares during the period. Institutional investors own 83.02% of the company’s stock.

Insider Transactions at Zuora

In other Zuora news, CFO Todd Mcelhatton sold 50,373 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 $500,203.89. Following the completion of the sale, the chief financial officer now owns 404,634 shares in the company, valued at approximately $4,018,015.62. This represents a 11.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Robert J. Traube sold 60,885 shares of Zuora 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 $604,588.05. Following the sale, the executive now directly owns 168,906 shares in the company, valued at $1,677,236.58. This trade represents a 26.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 207,868 shares of company stock worth $2,064,908 in the last three months. Corporate insiders own 8.62% of the company’s stock.

Zuora Price Performance

ZUO opened at $10.02 on Friday. The firm’s 50 day simple moving average is $10.01 and its two-hundred day simple moving average is $9.68. The company has a market capitalization of $1.54 billion, a PE ratio of -20.45 and a beta of 1.67. Zuora, Inc. has a 1-year low of $8.20 and a 1-year 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.

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.