Todd Mcelhatton Sells 50,373 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton sold 50,373 shares of the 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 owns 404,634 shares of the company’s stock, valued at $4,018,015.62. This represents a 11.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Zuora Trading Up 0.2 %

Zuora stock traded up $0.02 during mid-day trading on Friday, hitting $9.94. 1,082,305 shares of the stock were exchanged, compared to its average volume of 2,603,401. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -20.29 and a beta of 1.66. Zuora, Inc. has a 12 month low of $7.70 and a 12 month high of $10.85. The company has a quick ratio of 2.77, a current ratio of 2.62 and a debt-to-equity ratio of 2.00. The firm’s fifty day simple moving average is $9.92 and its two-hundred day simple moving average is $9.31.

Hedge Funds Weigh In On Zuora

A number of hedge funds have recently bought and sold shares of the company. 272 Capital LP grew its holdings in Zuora by 28.1% during the 3rd 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. Divisar Capital Management LLC bought a new stake in shares of Zuora during the 2nd quarter valued at about $4,575,000. Scalar Gauge Management LLC grew its stake in Zuora by 35.4% during the second quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock worth $50,556,000 after purchasing an additional 1,332,343 shares during the period. SG Americas Securities LLC bought a new stake in Zuora in the third quarter worth approximately $493,000. Finally, BDF Gestion increased its holdings in Zuora by 34.8% in the third quarter. BDF Gestion now owns 465,000 shares of the company’s stock worth $4,008,000 after purchasing an additional 120,000 shares in the last quarter. Institutional investors own 83.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on ZUO shares. Lake Street Capital reiterated a “hold” rating and issued a $10.00 price objective on shares of Zuora in a report on Friday, October 18th. Needham & Company LLC reaffirmed a “hold” rating and set a $15.00 price target on shares of Zuora in a research note on Monday, October 21st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.43.

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.