Peter Hirsch Sells 19,469 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) insider Peter Hirsch sold 19,469 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $9.97, for a total transaction of $194,105.93. Following the transaction, the insider now directly owns 24,146 shares of the company’s stock, valued at approximately $240,735.62. This represents a 44.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Peter Hirsch also recently made the following trade(s):

• On Thursday, January 2nd, Peter Hirsch sold 25,664 shares of Zuora stock. The shares were sold at an average price of $9.93, for a total transaction of $254,843.52.

Zuora Trading Up 0.1 %

Zuora stock opened at $9.98 on Friday. Zuora, Inc. has a fifty-two week low of $7.70 and a fifty-two week high of $10.85. The firm’s fifty day moving average price is $9.93 and its 200-day moving average price is $9.35. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.62 and a current ratio of 2.62.

Wall Street Analysts Forecast Growth

ZUO has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating and issued a $15.00 price target on shares of Zuora in a report on Monday, October 21st. Lake Street Capital restated a “hold” rating and issued a $10.00 target price on shares of Zuora in a research note on Friday, October 18th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Zuora presently has an average rating of “Hold” and a consensus target price of $11.43.

Institutional Investors Weigh In On Zuora

Large investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Zuora in the 2nd quarter worth about $44,000. Quarry LP lifted its position in Zuora by 504.9% in the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock worth $53,000 after buying an additional 5,145 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Zuora in the third quarter worth approximately $63,000. Castleview Partners LLC bought a new position in Zuora during the third quarter valued at approximately $79,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Zuora during the second quarter worth approximately $85,000. Hedge funds and other 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.