Zuora, Inc. (NYSE:ZUO) CEO Sells $482,290.17 in Stock

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 48,569 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $482,290.17. Following the sale, the chief executive officer now owns 110,576 shares in the company, valued at $1,098,019.68. This represents a 30.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Zuora Stock Up 0.2 %

Shares of NYSE:ZUO opened at $9.94 on Monday. The firm has a market capitalization of $1.53 billion, a PE ratio of -20.29 and a beta of 1.67. The business has a 50 day simple moving average of $9.92 and a two-hundred day simple moving average of $9.31. Zuora, Inc. has a 1 year low of $7.70 and a 1 year high of $10.85. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.77.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Lake Street Capital reissued 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 reissued 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 issued a buy rating to the stock. Based on data from MarketBeat, Zuora has an average rating of “Hold” and a consensus target price of $11.43.

Hedge Funds Weigh In On Zuora

A number of large investors have recently bought and sold shares of ZUO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zuora in the second quarter worth $44,000. Quarry LP boosted its stake in shares of Zuora by 504.9% during the third quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after purchasing an additional 5,145 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Zuora in the third quarter worth about $63,000. Castleview Partners LLC purchased a new position in Zuora in the 3rd quarter worth about $79,000. Finally, Canada Pension Plan Investment Board bought a new stake in Zuora during the 2nd quarter valued at about $85,000. Hedge funds and other 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.