Peter Hirsch Sells 19,469 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) insider Peter Hirsch sold 19,469 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $9.97, for a total value of $194,105.93. Following the transaction, the insider now owns 24,146 shares in the company, valued at approximately $240,735.62. The trade was a 44.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, January 2nd, Peter Hirsch sold 25,664 shares of Zuora stock. The stock was sold at an average price of $9.93, for a total transaction of $254,843.52.

Zuora Stock Up 0.1 %

ZUO stock opened at $9.98 on Friday. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 2.00. The firm has a 50 day moving average price of $9.93 and a 200-day moving average price of $9.35. Zuora, Inc. has a 52-week low of $7.70 and a 52-week high of $10.85.

Institutional Investors Weigh In On Zuora

A number of institutional investors have recently modified their holdings of ZUO. Rhumbline Advisers boosted its stake in Zuora by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 193,923 shares of the company’s stock worth $1,926,000 after purchasing an additional 8,407 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Zuora by 4.0% in the second quarter. Arizona State Retirement System now owns 36,648 shares of the company’s stock worth $364,000 after buying an additional 1,402 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Zuora by 18.0% in the second quarter. Mutual of America Capital Management LLC now owns 746,117 shares of the company’s stock worth $7,409,000 after buying an additional 113,597 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Zuora during the second quarter valued at approximately $225,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Zuora during the second quarter valued at approximately $85,000. 83.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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