Zuora Inc (ZUO) President Sells $2,568,800.00 in Stock
Zuora Inc (NYSE:ZUO) President Marc Diouane sold 130,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $19.76, for a total value of $2,568,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NYSE ZUO traded up $0.31 during mid-day trading on Thursday, hitting $19.51. 2,051,126 shares of the company traded hands, compared to its average volume of 1,655,710. Zuora Inc has a 1 year low of $15.56 and a 1 year high of $37.78. The company has a market cap of $2.08 billion and a price-to-earnings ratio of -23.79. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.07.
Zuora (NYSE:ZUO) last announced its earnings results on Thursday, March 21st. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.03). Zuora had a negative net margin of 32.99% and a negative return on equity of 46.28%. The company had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $63.00 million. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. As a group, sell-side analysts expect that Zuora Inc will post -0.55 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC lifted its holdings in shares of Zuora by 158.5% during the fourth quarter. Advisory Services Network LLC now owns 1,680 shares of the company’s stock valued at $30,000 after purchasing an additional 1,030 shares during the last quarter. Intercontinental Wealth Advisors LLC purchased a new stake in shares of Zuora during the fourth quarter valued at $39,000. PNC Financial Services Group Inc. purchased a new stake in shares of Zuora during the fourth quarter valued at $100,000. Financial Advocates Investment Management purchased a new stake in shares of Zuora during the fourth quarter valued at $341,000. Finally, Virtu Financial LLC acquired a new position in Zuora during the fourth quarter valued at $203,000. 32.75% of the stock is owned by institutional investors and hedge funds.
Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.
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