One68 Global Capital LLC Purchases Shares of 223,000 Zuora, Inc. (NYSE:ZUO)

One68 Global Capital LLC purchased a new position in shares of Zuora, Inc. (NYSE:ZUO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 223,000 shares of the company’s stock, valued at approximately $2,212,000. Zuora accounts for 1.2% of One68 Global Capital LLC’s investment portfolio, making the stock its 19th largest holding. One68 Global Capital LLC owned 0.15% of Zuora as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of ZUO. JPMorgan Chase & Co. lifted its holdings in Zuora by 52.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,126,596 shares of the company’s stock worth $9,711,000 after buying an additional 387,876 shares during the period. 272 Capital LP lifted its stake in shares of Zuora by 28.1% in the third quarter. 272 Capital LP now owns 493,527 shares of the company’s stock worth $4,254,000 after acquiring an additional 108,201 shares during the period. SG Americas Securities LLC lifted its stake in shares of Zuora by 49.8% in the fourth quarter. SG Americas Securities LLC now owns 85,665 shares of the company’s stock worth $850,000 after acquiring an additional 28,465 shares during the period. Barclays PLC boosted its holdings in Zuora by 256.0% in the third quarter. Barclays PLC now owns 280,963 shares of the company’s stock valued at $2,422,000 after acquiring an additional 202,047 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in Zuora by 33.5% during the 4th quarter. Handelsbanken Fonder AB now owns 30,300 shares of the company’s stock valued at $301,000 after purchasing an additional 7,600 shares during the period. Institutional investors own 83.02% of the company’s stock.

Zuora Price Performance

Zuora stock opened at $10.02 on Wednesday. The firm has a 50 day moving average price of $10.02 and a two-hundred day moving average price of $9.95. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.62 and a current ratio of 2.62. Zuora, Inc. has a 52-week low of $8.20 and a 52-week high of $10.85. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -20.45 and a beta of 1.67.

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.