Zuora, Inc. (NYSE:ZUO) Insider Sells $254,843.52 in Stock

Zuora, Inc. (NYSE:ZUO - Get Free Report) insider Peter Hirsch sold 25,664 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $254,843.52. Following the completion of the transaction, the insider now owns 43,615 shares of the company's stock, valued at approximately $433,096.95. This represents a 37.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $9.06, for a total transaction of $170,826.30.

Zuora Stock Performance

Shares of NYSE:ZUO traded up $0.02 during trading on Friday, reaching $9.94. 1,082,305 shares of the stock were exchanged, compared to its average volume of 2,627,853. Zuora, Inc. has a 12 month low of $7.70 and a 12 month high of $10.85. The stock has a 50-day moving average price of $9.92 and a 200-day moving average price of $9.31. 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 firm has a market cap of $1.53 billion, a PE ratio of -20.29 and a beta of 1.66.

Institutional Trading of Zuora

Several institutional investors have recently added to or reduced their stakes in ZUO. 272 Capital LP lifted its holdings in shares of Zuora by 28.1% during the third quarter. 272 Capital LP now owns 493,527 shares of the company's stock worth $4,254,000 after buying an additional 108,201 shares in the last quarter. Divisar Capital Management LLC acquired a new stake in Zuora in the 2nd quarter worth about $4,575,000. Scalar Gauge Management LLC boosted its holdings in Zuora by 35.4% in the 2nd quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company's stock valued at $50,556,000 after purchasing an additional 1,332,343 shares during the period. SG Americas Securities LLC acquired a new position in shares of Zuora during the 3rd quarter worth approximately $493,000. Finally, BDF Gestion increased its holdings in shares of Zuora by 34.8% during the third quarter. BDF Gestion now owns 465,000 shares of the company's stock worth $4,008,000 after purchasing an additional 120,000 shares during the period. 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 reiterated a "hold" rating and issued a $10.00 target price on shares of Zuora in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a "hold" rating and issued a $15.00 price objective 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 issued a buy rating to the company. According to data from MarketBeat, Zuora has an average rating of "Hold" and a consensus target price of $11.43.

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.