Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo Sells 48,569 Shares

Zuora, Inc. (NYSE:ZUO - Get Free Report) CEO Tien Tzuo sold 48,569 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $482,290.17. Following the completion of the transaction, the chief executive officer now directly owns 110,576 shares of the company's stock, valued at approximately $1,098,019.68. This trade represents a 30.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Zuora Price Performance

Shares of NYSE ZUO traded up $0.02 during mid-day trading on Friday, hitting $9.94. 1,082,305 shares of the stock traded hands, compared to its average volume of 2,627,853. Zuora, Inc. has a twelve month low of $7.70 and a twelve month high of $10.85. The firm has a 50 day simple moving average of $9.92 and a two-hundred day simple moving average of $9.31. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.77. The company has a market cap of $1.53 billion, a PE ratio of -20.29 and a beta of 1.66.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Lake Street Capital reiterated a "hold" rating and issued a $10.00 price target on shares of Zuora in a research note on Friday, October 18th. Needham & Company LLC reiterated a "hold" rating and issued a $15.00 target price on shares of Zuora in a research report on Monday, October 21st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $11.43.

Institutional Trading of Zuora

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Zuora by 52.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,126,596 shares of the company's stock valued at $9,711,000 after buying an additional 387,876 shares during the last quarter. 272 Capital LP raised its stake in shares of Zuora by 28.1% during the third quarter. 272 Capital LP now owns 493,527 shares of the company's stock valued at $4,254,000 after acquiring an additional 108,201 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Zuora by 4.0% during the third quarter. Geode Capital Management LLC now owns 3,137,007 shares of the company's stock worth $27,047,000 after purchasing an additional 119,439 shares during the period. Barclays PLC grew its stake in shares of Zuora by 256.0% in the third quarter. Barclays PLC now owns 280,963 shares of the company's stock worth $2,422,000 after purchasing an additional 202,047 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Zuora in the third quarter worth $304,000. 83.02% of the stock is currently owned by 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.