Zuora, Inc. (NYSE:ZUO) CEO Sells $482,290.17 in Stock

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 48,569 shares of the firm’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 $482,290.17. Following the completion of the transaction, the chief executive officer now directly owns 110,576 shares in the company, valued at $1,098,019.68. This represents a 30.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Zuora Stock Performance

Shares of ZUO stock opened at $9.94 on Friday. Zuora, Inc. has a 12-month low of $7.70 and a 12-month high of $10.85. 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 firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -20.29 and a beta of 1.66. The business has a 50 day simple moving average of $9.92 and a 200 day simple moving average of $9.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ZUO. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zuora during the second quarter valued at about $44,000. Quarry LP increased its stake in Zuora by 504.9% during the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after buying an additional 5,145 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Zuora during the 3rd quarter worth about $63,000. Castleview Partners LLC acquired a new stake in shares of Zuora in the 3rd quarter worth approximately $79,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Zuora in the second quarter valued at approximately $85,000. Institutional investors own 83.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ZUO shares. Needham & Company LLC reiterated a “hold” rating and set a $15.00 price target on shares of Zuora in a research report on Monday, October 21st. Lake Street Capital reaffirmed a “hold” rating and issued a $10.00 target price on shares of Zuora in a research report on Friday, October 18th. 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, Zuora presently has a consensus rating of “Hold” and a consensus target price of $11.43.

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.