Insider Selling: Zuora, Inc. (NYSE:ZUO) CFO Sells $500,203.89 in Stock

Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton sold 50,373 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $500,203.89. Following the completion of the transaction, the chief financial officer now directly owns 404,634 shares of the company’s stock, valued at approximately $4,018,015.62. The trade was a 11.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Zuora Price Performance

Zuora stock opened at $9.94 on Monday. Zuora, Inc. has a 52 week low of $7.70 and a 52 week high of $10.85. The firm has a market cap of $1.53 billion, a P/E ratio of -20.29 and a beta of 1.67. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.77 and a current ratio of 2.62. The business’s fifty day moving average is $9.92 and its two-hundred day moving average is $9.31.

Wall Street Analyst Weigh In

ZUO has been the subject of several recent analyst reports. Lake Street Capital reiterated a “hold” rating and set a $10.00 price objective 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.43.

Institutional Investors Weigh In On Zuora

Hedge funds have recently added to or reduced their stakes in the stock. Scalar Gauge Management LLC raised its stake in shares of Zuora by 27.4% in the third 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 raised its position in Zuora by 13.5% in the 2nd 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. Divisar Capital Management LLC acquired a new position in Zuora during the 2nd quarter worth $4,575,000. JPMorgan Chase & Co. boosted its position in Zuora by 52.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,126,596 shares of the company’s stock valued at $9,711,000 after buying an additional 387,876 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of Zuora by 884.0% in the 2nd quarter. Squarepoint Ops LLC now owns 333,817 shares of the company’s stock valued at $3,315,000 after buying an additional 299,894 shares during the period. 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.