Zuora, Inc. (NYSE:ZUO) CRO Sells $522,976.38 in Stock

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 62,707 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total transaction of $522,976.38. Following the transaction, the executive now owns 109,704 shares in the company, valued at approximately $914,931.36. This represents a 0.00 % 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.

Zuora Stock Performance

Shares of NYSE ZUO opened at $8.61 on Friday. The business’s 50-day simple moving average is $8.68 and its 200-day simple moving average is $9.21. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.77 and a current ratio of 2.77. Zuora, Inc. has a 52 week low of $7.05 and a 52 week high of $10.85. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -20.02 and a beta of 1.72.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.10 by $0.09. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The company had revenue of $115.40 million for the quarter, compared to the consensus estimate of $112.63 million. During the same quarter last year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts expect that Zuora, Inc. will post -0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZUO. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zuora during the second quarter valued at about $44,000. CWM LLC lifted its position in shares of Zuora by 25.0% during the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock worth $79,000 after purchasing an additional 1,590 shares during the last quarter. Quent Capital LLC bought a new stake in Zuora during the 1st quarter valued at approximately $83,000. Canada Pension Plan Investment Board acquired a new stake in Zuora in the 2nd quarter valued at approximately $85,000. Finally, Williams Financial LLC bought a new position in Zuora in the 2nd quarter worth approximately $119,000. Institutional investors own 83.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ZUO shares. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 target price on shares of Zuora in a research note on Thursday, August 22nd. Craig Hallum downgraded Zuora from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $12.00 to $10.00 in a report on Monday, July 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Zuora in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.86.

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.