Insider Selling: Zuora, Inc. (NYSE:ZUO) CRO Sells $604,588.05 in Stock

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 60,885 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $604,588.05. Following the completion of the sale, the executive now directly owns 168,906 shares of the company’s stock, valued at $1,677,236.58. This represents a 26.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Zuora Stock Up 0.2 %

ZUO stock opened at $9.94 on Monday. The stock has a market capitalization of $1.53 billion, a P/E ratio of -20.29 and a beta of 1.67. 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 50-day moving average price of $9.92 and a 200-day moving average price of $9.31. Zuora, Inc. has a 12 month low of $7.70 and a 12 month high of $10.85.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ZUO shares. Lake Street Capital reiterated a “hold” rating and issued a $10.00 price target on shares of Zuora in a research note on Friday, October 18th. Needham & Company LLC reiterated a “hold” rating and set 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 given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.43.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ZUO. Scalar Gauge Management LLC grew its holdings in Zuora by 27.4% during the 3rd quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company’s stock worth $55,897,000 after acquiring an additional 1,393,327 shares during the last quarter. Solel Partners LP grew its stake in shares of Zuora by 13.5% in the second quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock worth $40,299,000 after purchasing an additional 483,445 shares during the last quarter. State Street Corp grew its stake in shares of Zuora by 0.3% in the third quarter. State Street Corp now owns 3,302,811 shares of the company’s stock worth $28,470,000 after purchasing an additional 10,424 shares during the last quarter. Geode Capital Management LLC increased its holdings in Zuora by 4.0% in the third quarter. Geode Capital Management LLC now owns 3,137,007 shares of the company’s stock valued at $27,047,000 after purchasing an additional 119,439 shares during the period. Finally, Potrero Capital Research LLC raised its position in Zuora by 8.1% during the 3rd quarter. Potrero Capital Research LLC now owns 2,949,360 shares of the company’s stock worth $25,423,000 after purchasing an additional 219,863 shares during the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

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.