Rice Hall James & Associates LLC Has $2.87 Million Stock Position in Zuora, Inc. (NYSE:ZUO)

Rice Hall James & Associates LLC lessened its stake in Zuora, Inc. (NYSE:ZUO - Free Report) by 53.6% during the fourth quarter, according to its most recent filing with the Securities and 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 owned about 0.19% of Zuora worth $2,865,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Scalar Gauge Management LLC grew its position in shares of Zuora by 27.4% in the 3rd quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company's stock valued at $55,897,000 after buying an additional 1,393,327 shares during the last quarter. State Street Corp grew its position in shares of Zuora by 0.3% in the 3rd quarter. State Street Corp now owns 3,302,811 shares of the company's stock valued at $28,470,000 after buying an additional 10,424 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Zuora by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,137,007 shares of the company's stock valued at $27,047,000 after buying an additional 119,439 shares during the last quarter. Potrero Capital Research LLC grew its position in shares of Zuora by 8.1% in the 3rd quarter. Potrero Capital Research LLC now owns 2,949,360 shares of the company's stock valued at $25,423,000 after buying an additional 219,863 shares during the last quarter. Finally, Samson Rock Capital LLP grew its position in shares of Zuora by 598.4% in the 4th quarter. Samson Rock Capital LLP now owns 2,095,340 shares of the company's stock valued at $20,786,000 after buying an additional 1,795,340 shares during the last quarter. Institutional investors own 83.02% of the company's stock.

Insider Activity

In other 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 transaction, the chief accounting officer now directly owns 83,958 shares of the company's stock, valued at $833,702.94. The trade was a 3.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Todd Mcelhatton sold 50,373 shares of the business'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 transaction, the chief financial officer now directly owns 404,634 shares in the company, valued at $4,018,015.62. This represents a 11.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 207,868 shares of company stock valued at $2,064,908 in the last ninety days. 8.62% of the stock is owned by company insiders.

Zuora Stock Performance

Shares of NYSE ZUO remained flat at $10.02 during trading on Friday. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -20.45 and a beta of 1.67. 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 business's fifty day moving average is $9.97 and its 200 day moving average is $9.49. Zuora, Inc. has a 52-week low of $7.70 and a 52-week high of $10.85.

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.