Boothbay Fund Management LLC Trims Holdings in Zuora, Inc. (NYSE:ZUO)

Boothbay Fund Management LLC reduced its holdings in shares of Zuora, Inc. (NYSE:ZUO) by 58.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,783 shares of the company’s stock after selling 209,814 shares during the quarter. Boothbay Fund Management LLC owned 0.10% of Zuora worth $1,466,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new position in Zuora during the fourth quarter worth $2,866,000. Westchester Capital Management LLC bought a new stake in Zuora in the fourth quarter valued at $13,950,000. Credit Industriel ET Commercial bought a new stake in Zuora in the fourth quarter valued at $4,018,000. Cigogne Management SA bought a new stake in Zuora in the fourth quarter valued at $4,910,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in Zuora in the fourth quarter valued at $12,124,000. 83.02% of the stock is currently owned by institutional investors.

Zuora Price Performance

Shares of ZUO opened at $10.02 on Tuesday. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -20.45 and a beta of 1.67. 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 one year low of $8.20 and a one year high of $10.85. The stock’s fifty day moving average is $10.02 and its 200-day moving average is $9.95.

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.