Connor Clark & Lunn Investment Management Ltd. Increases Stake in Zuora, Inc. (NYSE:ZUO)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Zuora, Inc. (NYSE:ZUO) by 8.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 547,456 shares of the company’s stock after purchasing an additional 44,822 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.36% of Zuora worth $5,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZUO. Entropy Technologies LP purchased a new position in shares of Zuora in the 3rd quarter valued at approximately $155,000. GSA Capital Partners LLP raised its position in Zuora by 58.7% during the 3rd quarter. GSA Capital Partners LLP now owns 100,840 shares of the company’s stock worth $869,000 after buying an additional 37,279 shares during the last quarter. Victory Capital Management Inc. raised its position in Zuora by 274.9% during the 3rd quarter. Victory Capital Management Inc. now owns 66,279 shares of the company’s stock worth $571,000 after buying an additional 48,601 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new position in Zuora during the 3rd quarter worth approximately $494,000. Finally, Quest Partners LLC raised its position in Zuora by 233,489.1% during the 3rd quarter. Quest Partners LLC now owns 128,474 shares of the company’s stock worth $1,107,000 after buying an additional 128,419 shares during the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Zuora news, insider Peter Hirsch sold 19,469 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $9.97, for a total transaction of $194,105.93. Following the completion of the transaction, the insider now directly owns 24,146 shares of the company’s stock, valued at approximately $240,735.62. This trade represents a 44.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tien Tzuo sold 48,569 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $482,290.17. Following the transaction, the chief executive officer now directly owns 110,576 shares of the company’s stock, valued at $1,098,019.68. This represents a 30.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 207,868 shares of company stock valued at $2,064,908. 8.62% of the stock is owned by insiders.

Zuora Stock Performance

ZUO opened at $10.02 on Monday. Zuora, Inc. has a 12-month low of $8.20 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 market capitalization of $1.54 billion, a PE ratio of -20.45 and a beta of 1.67. The firm has a 50 day moving average of $10.00 and a two-hundred day moving average of $9.65.

Zuora Company Profile

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.