Zuora, Inc. (NYSE:ZUO) Insider Peter Hirsch Sells 19,469 Shares

Zuora, Inc. (NYSE:ZUO) insider Peter Hirsch sold 19,469 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $9.97, for a total value of $194,105.93. Following the completion of the transaction, the insider now directly owns 24,146 shares of the company’s stock, valued at $240,735.62. This represents a 44.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Peter Hirsch also recently made the following trade(s):

• On Thursday, January 2nd, Peter Hirsch sold 25,664 shares of Zuora stock. The shares were sold at an average price of $9.93, for a total value of $254,843.52.

Zuora Stock Up 0.1 %

Shares of NYSE:ZUO opened at $9.98 on Friday. The company’s fifty day moving average is $9.93 and its two-hundred day moving average is $9.35. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.62 and a current ratio of 2.62. Zuora, Inc. has a 1-year low of $7.70 and a 1-year high of $10.85. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of -20.36 and a beta of 1.67.

Institutional Investors Weigh In On Zuora

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake 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 period. 272 Capital LP boosted its position in Zuora by 28.1% during 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 period. Divisar Capital Management LLC bought a new position in Zuora during the 2nd quarter worth $4,575,000. Scalar Gauge Management LLC increased its position in Zuora by 35.4% in the second quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock worth $50,556,000 after buying an additional 1,332,343 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Zuora in the third quarter valued at $493,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Lake Street Capital restated a “hold” rating and issued a $10.00 price target on shares of Zuora in a research note on Friday, October 18th. Needham & Company LLC restated a “hold” rating and issued a $15.00 target price on shares of Zuora in a research note on Monday, October 21st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.43.

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.