Zuora, Inc. (NYSE:ZUO) Insider Peter Hirsch Sells 25,664 Shares

Zuora, Inc. (NYSE:ZUO) insider Peter Hirsch sold 25,664 shares of Zuora 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 $254,843.52. Following the transaction, the insider now directly owns 43,615 shares in the company, valued at approximately $433,096.95. This trade represents a 37.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Peter Hirsch also recently made the following trade(s):

• On Tuesday, October 15th, Peter Hirsch sold 18,855 shares of Zuora stock. The shares were sold at an average price of $9.06, for a total transaction of $170,826.30.

Zuora Trading Up 0.2 %

NYSE:ZUO opened at $9.94 on Monday. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -20.29 and a beta of 1.67. Zuora, Inc. has a one year low of $7.70 and a one year high of $10.85. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.77 and a current ratio of 2.62. The business’s 50-day simple moving average is $9.92 and its 200 day simple moving average is $9.31.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Zuora

Institutional investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zuora in the second quarter worth $44,000. Quarry LP grew its holdings in Zuora by 504.9% during 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 bought a new stake in shares of Zuora in the 3rd quarter worth about $63,000. Castleview Partners LLC acquired a new stake in shares of Zuora in the 3rd quarter valued at about $79,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Zuora during the second quarter worth about $85,000. 83.02% of the stock is owned by institutional investors and hedge funds.

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.