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

Zuora, Inc. (NYSE:ZUO) CAO Matthew R. Dobson sold 2,908 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $833,702.94. This trade represents a 3.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Zuora Price Performance

ZUO stock opened at $9.94 on Monday. The stock has a 50-day moving average price of $9.92 and a two-hundred day moving average price of $9.31. The company has a market cap of $1.53 billion, a PE ratio of -20.29 and a beta of 1.67. The company has a current ratio of 2.62, a quick ratio of 2.77 and a debt-to-equity ratio of 2.00. Zuora, Inc. has a 12-month low of $7.70 and a 12-month high of $10.85.

Institutional Trading of Zuora

Institutional investors have recently modified their holdings of the company. Palumbo Wealth Management LLC lifted its position in Zuora by 11.7% during the third quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock valued at $99,000 after buying an additional 1,210 shares in the last quarter. Arizona State Retirement System raised its stake in shares of 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 acquiring an additional 1,402 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Zuora by 3.1% during the 3rd quarter. MetLife Investment Management LLC now owns 76,873 shares of the company’s stock valued at $663,000 after acquiring an additional 2,303 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Zuora by 6.9% during 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. purchased a new stake in Zuora during the 2nd quarter worth $44,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ZUO. Lake Street Capital restated a “hold” rating and set a $10.00 price objective on shares of Zuora in a report on Friday, October 18th. Needham & Company LLC reissued a “hold” rating and issued a $15.00 price target 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 issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus 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.