Insider Selling: Zuora, Inc. (NYSE:ZUO) CAO Sells 2,908 Shares of Stock

Zuora, Inc. (NYSE:ZUO - Get Free Report) CAO Matthew R. Dobson sold 2,908 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $28,876.44. Following the sale, the chief accounting officer now owns 83,958 shares of the company's stock, valued at $833,702.94. This trade represents a 3.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Zuora Trading Up 0.2 %

ZUO stock traded up $0.02 during trading on Friday, hitting $9.94. The company had a trading volume of 1,082,305 shares, compared to its average volume of 2,627,853. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -20.29 and a beta of 1.66. The company has a quick ratio of 2.77, a current ratio of 2.62 and a debt-to-equity ratio of 2.00. The firm has a 50-day moving average price of $9.92 and a 200-day moving average price of $9.31. Zuora, Inc. has a 12 month low of $7.70 and a 12 month high of $10.85.

Institutional Investors Weigh In On Zuora

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ZUO. Lake Street Capital reissued a "hold" rating and issued a $10.00 target price on shares of Zuora in a report on Friday, October 18th. Needham & Company LLC reissued a "hold" rating and issued a $15.00 price objective on shares of Zuora in a research note on Monday, October 21st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Zuora presently has an average rating of "Hold" and an average price target 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.