Insider Selling: Zuora, Inc. (NYSE:ZUO) CRO Sells 60,885 Shares of Stock

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 60,885 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $604,588.05. Following the completion of the transaction, the executive now directly owns 168,906 shares in the company, valued at approximately $1,677,236.58. The trade was a 26.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Zuora Trading Up 0.2 %

Zuora stock opened at $9.94 on Friday. The firm has a market cap of $1.53 billion, a PE 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 stock’s 50 day simple moving average is $9.92 and its two-hundred day simple moving average is $9.31. The company has a current ratio of 2.62, a quick ratio of 2.77 and a debt-to-equity ratio of 2.00.

Institutional Trading of Zuora

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zuora in the second quarter worth about $44,000. Quarry LP grew 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 during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Zuora in the third quarter valued at approximately $63,000. Canada Pension Plan Investment Board acquired a new position in shares of Zuora during the 2nd quarter worth approximately $85,000. Finally, Castleview Partners LLC purchased a new position in shares of Zuora during the 3rd quarter valued at approximately $79,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ZUO shares. Needham & Company LLC restated a “hold” rating and issued a $15.00 price objective on shares of Zuora in a research note on Monday, October 21st. Lake Street Capital reissued a “hold” rating and set a $10.00 price target on shares of Zuora in a research report on Friday, October 18th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.