Peter Hirsch Sells 25,664 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) insider Peter Hirsch sold 25,664 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $254,843.52. Following the transaction, the insider now owns 43,615 shares in the company, valued at approximately $433,096.95. This represents a 37.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 value of $170,826.30.

Zuora Stock Performance

ZUO opened at $9.94 on Friday. The stock has a 50-day moving average of $9.92 and a 200-day moving average of $9.31. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.77 and a current ratio of 2.62. Zuora, Inc. has a 52-week low of $7.70 and a 52-week high of $10.85. The company has a market cap of $1.53 billion, a PE ratio of -20.29 and a beta of 1.66.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Zuora

A number of large investors have recently added to or reduced their stakes in ZUO. JPMorgan Chase & Co. lifted its stake in shares of Zuora by 52.5% in the third quarter. JPMorgan Chase & Co. now owns 1,126,596 shares of the company’s stock worth $9,711,000 after buying an additional 387,876 shares during the last quarter. 272 Capital LP raised its holdings in Zuora by 28.1% in 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. Geode Capital Management LLC lifted its position in Zuora by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,137,007 shares of the company’s stock worth $27,047,000 after acquiring an additional 119,439 shares during the last quarter. Barclays PLC boosted its holdings in Zuora by 256.0% during the third quarter. Barclays PLC now owns 280,963 shares of the company’s stock valued at $2,422,000 after acquiring an additional 202,047 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Zuora in the third quarter valued at about $304,000. Institutional investors own 83.02% of the company’s stock.

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.