Insider Selling: Zuora, Inc. (NYSE:ZUO) CEO Sells $2,258,029.12 in Stock

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 239,198 shares of Zuora stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $9.44, for a total value of $2,258,029.12. Following the transaction, the chief executive officer now owns 6,352 shares in the company, valued at $59,962.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Tien Tzuo also recently made the following trade(s):

• On Monday, April 1st, Tien Tzuo sold 81,635 shares of Zuora stock. The stock was sold at an average price of $8.87, for a total value of $724,102.45.
• On Monday, January 22nd, Tien Tzuo sold 6,909 shares of Zuora stock. The shares were sold at an average price of $9.00, for a total value of $62,181.00.

Zuora Trading Down 0.2 %

Zuora stock opened at $9.25 on Monday. Zuora, Inc. has a 1 year low of $7.05 and a 1 year high of $12.12. The firm’s 50 day moving average price is $8.69 and its 200-day moving average price is $8.53. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.43 and a quick ratio of 2.43. The stock has a market cap of $1.35 billion, a P/E ratio of -19.27 and a beta of 1.90.

Zuora (NYSE:ZUO) last posted its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.10. The company had revenue of $110.67 million during the quarter, compared to analysts’ expectations of $110.80 million. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. On average, equities analysts predict that Zuora, Inc. will post -0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zuora

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Zuora during the 3rd quarter valued at approximately $25,000. DekaBank Deutsche Girozentrale bought a new position in shares of Zuora during the 3rd quarter valued at approximately $25,000. Quarry LP purchased a new position in shares of Zuora in the second quarter valued at $26,000. Castleview Partners LLC bought a new stake in Zuora in the second quarter worth $37,000. Finally, Tower Research Capital LLC TRC raised its stake in Zuora by 94.9% during the second quarter. Tower Research Capital LLC TRC now owns 5,124 shares of the company’s stock valued at $56,000 after purchasing an additional 2,495 shares in the last quarter. 83.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ZUO has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of Zuora in a report on Thursday, February 29th. Canaccord Genuity Group lowered their target price on shares of Zuora from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. The Goldman Sachs Group upgraded Zuora from a “neutral” rating to a “buy” rating and increased their price target for the stock from $10.00 to $12.00 in a research note on Tuesday, January 23rd. Finally, Robert W. Baird decreased their price target on Zuora from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th.

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.