Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube Sells 11,294 Shares

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 11,294 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total value of $112,940.00. Following the transaction, the executive now directly owns 17,547 shares in the company, valued at approximately $175,470. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Zuora Price Performance

Shares of NYSE ZUO opened at $9.25 on Monday. The firm has a market capitalization of $1.35 billion, a P/E ratio of -19.27 and a beta of 1.90. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 2.69. The stock’s 50-day simple moving average is $8.69 and its two-hundred day simple moving average is $8.53. Zuora, Inc. has a twelve month low of $7.05 and a twelve month high of $12.12.

Zuora (NYSE:ZUO) last announced its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. The business had revenue of $110.67 million for the quarter, compared to analyst estimates of $110.80 million. Zuora had a negative return on equity of 46.38% and a negative net margin of 15.80%. As a group, equities analysts anticipate that Zuora, Inc. will post -0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on ZUO shares. Robert W. Baird dropped their price objective on Zuora from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Needham & Company LLC reissued a “buy” rating and set a $15.00 price objective on shares of Zuora in a report on Thursday, February 29th. The Goldman Sachs Group raised Zuora from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $10.00 to $12.00 in a report on Tuesday, January 23rd. Finally, Canaccord Genuity Group dropped their price objective on Zuora from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, February 29th.

Hedge Funds Weigh In On Zuora

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Zuora by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 16,344,929 shares of the company’s stock valued at $153,642,000 after purchasing an additional 602,866 shares during the last quarter. BlackRock Inc. increased its position in shares of Zuora by 3.2% during the 2nd quarter. BlackRock Inc. now owns 11,030,517 shares of the company’s stock valued at $121,005,000 after purchasing an additional 343,054 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Zuora by 4.8% during the 4th quarter. Baillie Gifford & Co. now owns 5,118,254 shares of the company’s stock valued at $32,552,000 after purchasing an additional 233,022 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Zuora by 13.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,740,046 shares of the company’s stock valued at $35,156,000 after purchasing an additional 429,705 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Zuora by 14.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock valued at $27,277,000 after purchasing an additional 406,841 shares during the last quarter. 83.02% of the stock is currently owned by institutional investors.

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.