Insider Selling: Zuora, Inc. (NYSE:ZUO) CEO Sells 11,200 Shares of Stock

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 11,200 shares of Zuora stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $9.00, for a total transaction of $100,800.00. Following the transaction, the chief executive officer now directly owns 6,352 shares in the company, valued at approximately $57,168. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 shares were sold at an average price of $9.05, for a total value of $1,039,166.25.
• On Monday, July 1st, Tien Tzuo sold 70,833 shares of Zuora stock. The stock was sold at an average price of $9.73, for a total value of $689,205.09.
• On Wednesday, April 17th, Tien Tzuo sold 239,198 shares of Zuora stock. The shares were sold at an average price of $9.44, for a total value of $2,258,029.12.

Zuora Trading Up 0.8 %

Shares of NYSE:ZUO opened at $9.50 on Thursday. The business’s 50 day moving average is $9.70 and its 200 day moving average is $9.18. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $11.80. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.56 and a quick ratio of 2.56.

Zuora (NYSE:ZUO) last posted its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.09. The business had revenue of $109.77 million for the quarter, compared to the consensus estimate of $108.80 million. Zuora had a negative return on equity of 30.17% and a negative net margin of 14.28%. Sell-side analysts predict that Zuora, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZUO. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Zuora by 4.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,966 shares of the company’s stock worth $263,000 after purchasing an additional 1,239 shares during the period. CWM LLC increased its holdings in Zuora by 25.0% during the second quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after buying an additional 1,590 shares during the period. Vontobel Holding Ltd. raised its stake in Zuora by 4.3% in the fourth quarter. Vontobel Holding Ltd. now owns 47,795 shares of the company’s stock worth $449,000 after buying an additional 1,969 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Zuora by 18.6% during the first quarter. Principal Financial Group Inc. now owns 18,218 shares of the company’s stock worth $166,000 after buying an additional 2,851 shares during the period. Finally, ProShare Advisors LLC boosted its position in Zuora by 12.8% during the 1st quarter. ProShare Advisors LLC now owns 26,615 shares of the company’s stock valued at $243,000 after acquiring an additional 3,029 shares in the last quarter. 83.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ZUO shares. Robert W. Baird lifted their price objective on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and decreased their price target for the stock from $12.00 to $10.00 in a research note on Monday, July 8th. Lake Street Capital raised their price objective on Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Jefferies Financial Group boosted their target price on Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $15.00 price target on shares of Zuora in a report on Thursday, June 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.86.

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.