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 value of $604,588.05. Following the completion of the sale, the executive now owns 168,906 shares in the company, valued at approximately $1,677,236.58. This trade represents a 26.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Zuora Price Performance

NYSE:ZUO opened at $9.94 on Monday. The company has a quick ratio of 2.77, a current ratio of 2.62 and a debt-to-equity ratio of 2.00. Zuora, Inc. has a 12-month low of $7.70 and a 12-month high of $10.85. The stock’s 50 day moving average price is $9.92 and its two-hundred day moving average price is $9.31. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -20.29 and a beta of 1.67.

Institutional Investors Weigh In On Zuora

A number of large investors have recently added to or reduced their stakes in ZUO. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Zuora in the second quarter valued at $44,000. Quarry LP boosted its holdings in shares of Zuora by 504.9% during the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock worth $53,000 after buying an additional 5,145 shares during the period. Point72 Hong Kong Ltd acquired a new position in Zuora in the 3rd quarter valued at about $63,000. Canada Pension Plan Investment Board bought a new position in Zuora in the 2nd quarter valued at about $85,000. Finally, Castleview Partners LLC acquired a new stake in Zuora during the third quarter worth approximately $79,000. Institutional investors own 83.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Needham & Company LLC restated a “hold” rating and issued a $15.00 target price on shares of Zuora in a research note on Monday, October 21st. Lake Street Capital reiterated a “hold” rating and issued a $10.00 price objective on shares of Zuora in a report on Friday, October 18th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.43.

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.