Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton Sells 50,373 Shares

Zuora, Inc. (NYSE:ZUO - Get Free Report) CFO Todd Mcelhatton sold 50,373 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total value of $500,203.89. Following the sale, the chief financial officer now owns 404,634 shares in the company, valued at $4,018,015.62. The trade was a 11.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Zuora Stock Performance

Shares of NYSE ZUO traded up $0.02 during mid-day trading on Friday, reaching $9.94. 1,082,305 shares of the company were exchanged, compared to its average volume of 2,627,853. The stock has a market capitalization of $1.53 billion, a P/E 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. Zuora, Inc. has a twelve month low of $7.70 and a twelve month high of $10.85. The company's 50-day simple moving average is $9.92 and its 200-day simple moving average is $9.31.

Hedge Funds Weigh In On Zuora

Institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in Zuora by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 193,923 shares of the company's stock valued at $1,926,000 after purchasing an additional 8,407 shares during the period. Arizona State Retirement System boosted its position in shares of Zuora by 4.0% in the second quarter. Arizona State Retirement System now owns 36,648 shares of the company's stock valued at $364,000 after acquiring an additional 1,402 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of Zuora by 18.0% in the second quarter. Mutual of America Capital Management LLC now owns 746,117 shares of the company's stock valued at $7,409,000 after acquiring an additional 113,597 shares in the last quarter. XTX Topco Ltd bought a new position in Zuora during the second quarter worth about $225,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Zuora in the 2nd quarter worth about $85,000. Institutional investors and hedge funds own 83.02% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on ZUO. Needham & Company LLC reiterated 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 research note on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Zuora currently 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.