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 shares were sold at an average price of $9.93, for a total transaction of $500,203.89. Following the completion of the transaction, the chief financial officer now owns 404,634 shares in the company, valued at $4,018,015.62. This represents a 11.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Zuora Trading Up 0.2 %

NYSE ZUO opened at $9.94 on Monday. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.77. The stock’s 50-day moving average is $9.92 and its 200-day moving average is $9.31. Zuora, Inc. has a one year low of $7.70 and a one year 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.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ZUO shares. Lake Street Capital reissued a “hold” rating and issued a $10.00 price target on shares of Zuora in a research note on Friday, October 18th. Needham & Company LLC reissued a “hold” rating and issued a $15.00 target price on shares of Zuora in a research note 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.43.

Institutional Investors Weigh In On Zuora

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