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

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 48,569 shares of the 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 transaction, the chief executive officer now owns 110,576 shares in the company, valued at approximately $1,098,019.68. The trade was a 30.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Zuora Stock Up 0.2 %

Shares of ZUO traded up $0.02 during midday trading on Friday, reaching $9.94. 1,082,305 shares of the company were exchanged, compared to its average volume of 2,603,401. Zuora, Inc. has a 1-year low of $7.70 and a 1-year high of $10.85. The stock has a 50-day moving average price of $9.92 and a 200-day moving average price of $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. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -20.29 and a beta of 1.66.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ZUO shares. 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 issued a $15.00 target price on shares of Zuora in a research report on Monday, October 21st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Zuora has a consensus rating of “Hold” and a consensus price target of $11.43.

Hedge Funds Weigh In On Zuora

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zuora in the second quarter valued at approximately $44,000. Quarry LP grew its holdings 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 purchasing an additional 5,145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Zuora during the 3rd quarter worth $63,000. Canada Pension Plan Investment Board acquired a new position in Zuora in the 2nd quarter worth $85,000. Finally, Castleview Partners LLC purchased a new position in Zuora in the 3rd quarter valued at about $79,000. 83.02% of the stock is owned by institutional investors and hedge funds.

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.