Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo Sells 63,873 Shares

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 63,873 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $8.34, for a total value of $532,700.82. Following the completion of the sale, the chief executive officer now directly owns 63,312 shares in the company, valued at approximately $528,022.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Tien Tzuo also recently made the following trade(s):

• On Friday, July 12th, Tien Tzuo sold 11,200 shares of Zuora stock. The shares were sold at an average price of $9.00, for a total value of $100,800.00.
• On Monday, July 15th, Tien Tzuo sold 81,731 shares of Zuora stock. The shares were sold at an average price of $9.05, for a total transaction of $739,665.55.
• On Monday, July 8th, Tien Tzuo sold 114,825 shares of Zuora stock. The stock was sold at an average price of $9.05, for a total transaction of $1,039,166.25.

Zuora Trading Up 1.0 %

Shares of NYSE ZUO traded up $0.08 during midday trading on Thursday, hitting $8.45. The stock had a trading volume of 1,896,638 shares, compared to its average volume of 1,381,571. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 1.90. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $10.85. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -19.65 and a beta of 1.72. The company has a fifty day moving average price of $8.69 and a 200 day moving average price of $9.21.

Zuora (NYSE:ZUO) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.09. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The company had revenue of $115.40 million during the quarter, compared to the consensus estimate of $112.63 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. Zuora’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts predict that Zuora, Inc. will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ZUO. Vanguard Group Inc. boosted its position in shares of Zuora by 5.6% in the first quarter. Vanguard Group Inc. now owns 17,262,494 shares of the company’s stock worth $157,434,000 after buying an additional 917,565 shares during the period. Scalar Gauge Management LLC boosted its holdings in Zuora by 35.4% in the 2nd quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock worth $50,556,000 after acquiring an additional 1,332,343 shares during the period. Solel Partners LP grew its position in Zuora by 13.5% in the second quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock valued at $40,299,000 after acquiring an additional 483,445 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Zuora by 13.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,740,046 shares of the company’s stock valued at $35,156,000 after purchasing an additional 429,705 shares during the period. Finally, Bares Capital Management Inc. lifted its position in shares of Zuora by 41.4% during the first quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock worth $15,926,000 after purchasing an additional 511,292 shares in the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ZUO shares. Craig Hallum cut Zuora from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $12.00 to $10.00 in a report on Monday, July 8th. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price target on shares of Zuora in a report on Thursday, August 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Zuora in a report 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.