Robert J. Traube Sells 62,707 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 62,707 shares of the company’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 completion of the sale, the executive now directly owns 109,704 shares in the company, valued at $914,931.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Zuora Stock Up 1.0 %

Shares of NYSE ZUO traded up $0.08 during trading on Thursday, hitting $8.45. 1,896,638 shares of the company traded hands, compared to its average volume of 1,381,571. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -19.65 and a beta of 1.72. The business’s fifty day moving average is $8.69 and its 200 day 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 fifty-two week low of $7.05 and a fifty-two week high of $10.85.

Zuora (NYSE:ZUO) last issued its earnings results on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.09. The business had revenue of $115.40 million during the quarter, compared to analyst estimates of $112.63 million. Zuora had a negative return on equity of 12.54% and a negative net margin of 10.60%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.12) EPS. Equities research analysts predict that Zuora, Inc. will post -0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zuora

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Zuora during the third quarter worth about $493,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Zuora by 27.4% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 985,632 shares of the company’s stock valued at $9,787,000 after purchasing an additional 212,200 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zuora during the 2nd quarter worth approximately $44,000. Divisar Capital Management LLC bought a new stake in Zuora during the 2nd quarter worth approximately $4,575,000. Finally, AQR Capital Management LLC raised its stake in shares of Zuora by 47.1% in the second quarter. AQR Capital Management LLC now owns 172,376 shares of the company’s stock worth $1,712,000 after purchasing an additional 55,155 shares during the last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ZUO has been the topic of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $13.00 price target on shares of Zuora in a research report on Thursday, August 22nd. Craig Hallum downgraded Zuora from a “buy” rating to a “hold” rating and dropped their price objective for the company from $12.00 to $10.00 in a research note on Monday, July 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set 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 issued a buy rating to the company’s stock. According to MarketBeat, Zuora has an average rating of “Moderate Buy” and an average price target of $11.86.

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.