Zuora, Inc. (NYSE:ZUO) Insider Sells $254,843.52 in Stock

Zuora, Inc. (NYSE:ZUO) insider Peter Hirsch sold 25,664 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 transaction of $254,843.52. Following the sale, the insider now owns 43,615 shares in the company, valued at $433,096.95. This trade represents a 37.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Peter Hirsch also recently made the following trade(s):

• On Tuesday, October 15th, Peter Hirsch sold 18,855 shares of Zuora stock. The shares were sold at an average price of $9.06, for a total transaction of $170,826.30.

Zuora Stock Up 0.2 %

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

Institutional Trading of Zuora

Institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zuora during the 2nd quarter worth about $44,000. Quarry LP boosted its holdings in Zuora by 504.9% in the third quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after purchasing an additional 5,145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Zuora in the third quarter valued at $63,000. Canada Pension Plan Investment Board acquired a new position in Zuora in the second quarter valued at $85,000. Finally, Castleview Partners LLC purchased a new position in shares of Zuora during the third quarter worth about $79,000. 83.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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