Insider Selling: Zuora, Inc. (NYSE:ZUO) CRO Sells 11,294 Shares of Stock

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 11,294 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total value of $112,940.00. Following the transaction, the executive now owns 17,547 shares of the company’s stock, valued at approximately $175,470. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Zuora Price Performance

Zuora stock remained flat at $9.27 during trading hours on Friday. The company’s stock had a trading volume of 2,694,721 shares, compared to its average volume of 1,528,095. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.43 and a current ratio of 2.43. The stock has a 50-day simple moving average of $8.68 and a 200-day simple moving average of $8.51. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -19.30 and a beta of 1.90. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $12.12.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. The business had revenue of $110.67 million for the quarter, compared to analysts’ expectations of $110.80 million. Zuora had a negative return on equity of 46.38% and a negative net margin of 15.80%. As a group, research analysts expect that Zuora, Inc. will post -0.15 earnings per share for the current year.

Analyst Ratings Changes

ZUO has been the subject of several analyst reports. Robert W. Baird cut their target price on Zuora from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. The Goldman Sachs Group raised Zuora from a “neutral” rating to a “buy” rating and raised their price target for the company from $10.00 to $12.00 in a report on Tuesday, January 23rd. Canaccord Genuity Group lowered their price target on Zuora from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of Zuora in a report on Thursday, February 29th.

Hedge Funds Weigh In On Zuora

Large investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Zuora in the 3rd quarter worth approximately $25,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Zuora in the 3rd quarter worth approximately $25,000. Quarry LP bought a new stake in shares of Zuora in the 2nd quarter worth approximately $26,000. Castleview Partners LLC bought a new stake in shares of Zuora in the 2nd quarter worth approximately $37,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Zuora by 94.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,124 shares of the company’s stock worth $56,000 after buying an additional 2,495 shares during the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

About Zuora

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.