Zuora, Inc. (NYSE:ZUO) CFO Sells $500,203.89 in Stock

Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton sold 50,373 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $500,203.89. Following the sale, the chief financial officer now owns 404,634 shares in the company, valued at approximately $4,018,015.62. This trade represents a 11.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Zuora Trading Up 0.2 %

Shares of ZUO stock opened at $9.94 on Friday. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.77. The business has a 50-day moving average of $9.92 and a 200 day moving average of $9.31. The stock has a market capitalization of $1.53 billion, a PE ratio of -20.29 and a beta of 1.66. Zuora, Inc. has a 1-year low of $7.70 and a 1-year high of $10.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ZUO. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zuora during the 2nd quarter valued at $44,000. Quarry LP increased its position in shares of Zuora by 504.9% in the third quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after acquiring an additional 5,145 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Zuora during the third quarter valued at about $63,000. Castleview Partners LLC purchased a new stake in shares of Zuora during the third quarter worth about $79,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Zuora in the second quarter worth about $85,000. Institutional investors own 83.02% of the company’s stock.

Wall Street Analyst Weigh In

ZUO has been the topic of a number of research reports. Lake Street Capital restated 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 restated a “hold” rating and issued a $15.00 target price on shares of Zuora in a research report on Monday, October 21st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Zuora has an average rating of “Hold” and a consensus 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.