Zuora, Inc. (NYSE:ZUO) CAO Sells $28,876.44 in Stock

Zuora, Inc. (NYSE:ZUO) CAO Matthew R. Dobson sold 2,908 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $28,876.44. Following the completion of the transaction, the chief accounting officer now owns 83,958 shares of the company’s stock, valued at approximately $833,702.94. The trade was a 3.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zuora Trading Up 0.2 %

ZUO stock traded up $0.02 during midday trading on Friday, reaching $9.94. 1,082,305 shares of the company traded hands, compared to its average volume of 2,603,401. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -20.29 and a beta of 1.66. Zuora, Inc. has a 52-week low of $7.70 and a 52-week high of $10.85. The business has a 50 day moving average of $9.92 and a 200-day moving average of $9.31. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.77 and a current ratio of 2.62.

Institutional Trading of Zuora

Several institutional investors and hedge funds have recently made changes to their positions in ZUO. Point72 Asia Singapore Pte. Ltd. purchased a new position in Zuora in the 2nd quarter worth about $44,000. Quarry LP grew its stake in Zuora by 504.9% in the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock worth $53,000 after acquiring an additional 5,145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Zuora during the third quarter worth approximately $63,000. Canada Pension Plan Investment Board bought a new stake in shares of Zuora during the second quarter valued at approximately $85,000. Finally, Castleview Partners LLC purchased a new stake in shares of Zuora in the third quarter valued at approximately $79,000. 83.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Lake Street Capital reissued a “hold” rating and issued a $10.00 target price on shares of Zuora in a research report on Friday, October 18th. Needham & Company LLC restated a “hold” rating and set a $15.00 price objective on shares of Zuora in a research report on Monday, October 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.