Zuora, Inc. (NYSE:ZUO) CRO Sells $522,976.38 in Stock

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 62,707 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $8.34, for a total transaction of $522,976.38. Following the completion of the sale, the executive now owns 109,704 shares of the company’s stock, valued at $914,931.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Zuora Price Performance

NYSE:ZUO opened at $8.61 on Friday. The stock has a market cap of $1.26 billion, a P/E ratio of -20.02 and a beta of 1.72. Zuora, Inc. has a one year low of $7.05 and a one year high of $10.85. The company has a fifty day moving average price of $8.68 and a 200 day moving average price of $9.21. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.77 and a quick ratio of 2.77.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.09. The firm had revenue of $115.40 million for the quarter, compared to analyst estimates of $112.63 million. Zuora had a negative net margin of 10.60% and a negative return on equity of 12.54%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) EPS. Analysts anticipate that Zuora, Inc. will post -0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ZUO. Canaccord Genuity Group restated a “buy” rating and issued a $13.00 price objective on shares of Zuora in a research note on Thursday, August 22nd. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of Zuora in a research note on Thursday, August 22nd. Finally, Craig Hallum cut shares of Zuora from a “buy” rating to a “hold” rating and cut their target price for the company from $12.00 to $10.00 in a research note on Monday, July 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.86.

Institutional Investors Weigh In On Zuora

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in Zuora in the 2nd quarter valued at $44,000. CWM LLC increased its holdings in Zuora by 25.0% in the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after buying an additional 1,590 shares during the period. Quent Capital LLC bought a new stake in Zuora in the 1st quarter valued at $83,000. Canada Pension Plan Investment Board bought a new stake in Zuora in the 2nd quarter valued at $85,000. Finally, Williams Financial LLC bought a new stake in Zuora in the 2nd quarter valued at $119,000. Institutional investors own 83.02% of the company’s stock.

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.