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

Zuora, Inc. (NYSE:ZUO) insider Peter Hirsch sold 25,664 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 43,615 shares in the company, valued at $433,096.95. This represents a 37.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 Up 0.2 %

Shares of NYSE:ZUO opened at $9.94 on Monday. 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 firm has a market cap of $1.53 billion, a price-to-earnings ratio of -20.29 and a beta of 1.67. The stock’s 50-day moving average price is $9.92 and its two-hundred day moving average price is $9.31. Zuora, Inc. has a 12-month low of $7.70 and a 12-month high of $10.85.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ZUO. Palumbo Wealth Management LLC increased its position in Zuora by 11.7% during the third quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock worth $99,000 after purchasing an additional 1,210 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Zuora by 4.0% during the 2nd quarter. Arizona State Retirement System now owns 36,648 shares of the company’s stock valued at $364,000 after buying an additional 1,402 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Zuora by 3.1% during the 3rd quarter. MetLife Investment Management LLC now owns 76,873 shares of the company’s stock worth $663,000 after buying an additional 2,303 shares during the last quarter. Diversified Trust Co raised its position in shares of Zuora by 6.9% in the 3rd quarter. Diversified Trust Co now owns 41,564 shares of the company’s stock worth $358,000 after buying an additional 2,692 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Zuora in the second quarter valued at $44,000. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Needham & Company LLC restated a “hold” rating and issued a $15.00 price objective on shares of Zuora in a research report on Monday, October 21st. 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Zuora has an average rating of “Hold” and an average price target 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.