Insider Selling: Zuora, Inc. (NYSE:ZUO) CRO Sells 60,885 Shares of Stock

Zuora, Inc. (NYSE:ZUO - Get Free Report) CRO Robert J. Traube sold 60,885 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $604,588.05. Following the sale, the executive now owns 168,906 shares of the company's stock, valued at $1,677,236.58. The trade was a 26.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Zuora Stock Up 0.2 %

ZUO traded up $0.02 during trading on Friday, reaching $9.94. The company had a trading volume of 1,082,305 shares, compared to its average volume of 2,627,853. The company has a market cap of $1.53 billion, a P/E ratio of -20.29 and a beta of 1.66. Zuora, Inc. has a 12 month low of $7.70 and a 12 month high of $10.85. 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 business's fifty day moving average price is $9.92 and its 200 day moving average price is $9.31.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Zuora

Several institutional investors have recently added to or reduced their stakes in the stock. Palumbo Wealth Management LLC raised its stake in shares of Zuora by 11.7% in the 3rd quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company's stock valued at $99,000 after purchasing an additional 1,210 shares during the period. Arizona State Retirement System raised its position in Zuora by 4.0% in the 2nd quarter. Arizona State Retirement System now owns 36,648 shares of the company's stock valued at $364,000 after buying an additional 1,402 shares during the last quarter. MetLife Investment Management LLC raised its position in Zuora by 3.1% in the 3rd quarter. MetLife Investment Management LLC now owns 76,873 shares of the company's stock valued at $663,000 after buying an additional 2,303 shares during the last quarter. Diversified Trust Co lifted its stake in Zuora by 6.9% in the 3rd quarter. Diversified Trust Co now owns 41,564 shares of the company's stock valued at $358,000 after acquiring an additional 2,692 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Zuora during the 2nd quarter worth approximately $44,000. 83.02% of the stock is owned by institutional investors.

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.