Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube Sells 60,885 Shares

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 60,885 shares of the business’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 $604,588.05. Following the sale, the executive now owns 168,906 shares of the company’s stock, valued at approximately $1,677,236.58. This represents a 26.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Zuora Stock Up 0.2 %

NYSE:ZUO traded up $0.02 on Friday, reaching $9.94. The stock had a trading volume of 1,082,305 shares, compared to its average volume of 2,603,401. Zuora, Inc. has a 12-month low of $7.70 and a 12-month high of $10.85. The stock has a market cap of $1.53 billion, a P/E ratio of -20.29 and a beta of 1.66. The company has a current ratio of 2.62, a quick ratio of 2.77 and a debt-to-equity ratio of 2.00. The company has a 50-day moving average of $9.92 and a 200 day moving average of $9.31.

Institutional Investors Weigh In On Zuora

A number of hedge funds have recently bought and sold shares of ZUO. Palumbo Wealth Management LLC increased its stake in shares of Zuora by 11.7% in the third quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock worth $99,000 after buying an additional 1,210 shares during 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 purchasing an additional 1,402 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Zuora by 3.1% during the third quarter. MetLife Investment Management LLC now owns 76,873 shares of the company’s stock worth $663,000 after purchasing an additional 2,303 shares during the last quarter. Diversified Trust Co grew its stake in Zuora by 6.9% in the third quarter. Diversified Trust Co now owns 41,564 shares of the company’s stock worth $358,000 after purchasing an additional 2,692 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Zuora in the second quarter valued at about $44,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Wall Street Analyst Weigh In

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