Insider Selling: Zuora, Inc. (NYSE:ZUO) Insider Sells 25,664 Shares of Stock

Zuora, Inc. (NYSE:ZUO) insider Peter Hirsch sold 25,664 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was 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 $433,096.95. This trade represents a 37.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $9.06, for a total transaction of $170,826.30.

Zuora Trading Up 0.2 %

ZUO stock opened at $9.94 on Friday. Zuora, Inc. has a 1-year low of $7.70 and a 1-year high of $10.85. The company has a current ratio of 2.62, a quick ratio of 2.77 and a debt-to-equity ratio of 2.00. The business’s 50 day moving average is $9.92 and its 200-day moving average is $9.31. The firm has a market cap of $1.53 billion, a P/E ratio of -20.29 and a beta of 1.66.

Institutional Trading of Zuora

Large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zuora during the second quarter valued at $44,000. Quarry LP lifted its holdings in Zuora by 504.9% during the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after purchasing an additional 5,145 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Zuora in the third quarter valued at about $63,000. Castleview Partners LLC bought a new stake in Zuora during the third quarter worth about $79,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Zuora during the second quarter worth approximately $85,000. 83.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ZUO. Lake Street Capital restated a “hold” rating and set a $10.00 price target on shares of Zuora in a research note on Friday, October 18th. Needham & Company LLC restated a “hold” rating and issued a $15.00 target price on shares of Zuora in a research note on Monday, October 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.