Insider Selling: Zuora, Inc. (NYSE:ZUO) CAO Sells $28,876.44 in Stock

Zuora, Inc. (NYSE:ZUO) CAO Matthew R. Dobson sold 2,908 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $9.93, for a total transaction of $28,876.44. Following the transaction, the chief accounting officer now owns 83,958 shares of the company’s stock, valued at approximately $833,702.94. The trade was a 3.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Zuora Stock Up 0.2 %

Zuora stock opened at $9.94 on Monday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -20.29 and a beta of 1.67. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.77 and a current ratio of 2.62. Zuora, Inc. has a fifty-two week low of $7.70 and a fifty-two week high of $10.85. The stock’s fifty day moving average is $9.92 and its two-hundred day moving average is $9.31.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ZUO shares. Lake Street Capital restated a “hold” rating and issued a $10.00 price objective on shares of Zuora in a research report on Friday, October 18th. Needham & Company LLC reissued a “hold” rating and issued a $15.00 price target on shares of Zuora in a 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.43.

Hedge Funds Weigh In On Zuora

Several hedge funds have recently added to or reduced their stakes in the business. Palumbo Wealth Management LLC increased its stake in shares of Zuora by 11.7% during the 3rd quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock worth $99,000 after purchasing an additional 1,210 shares in the last quarter. Arizona State Retirement System increased its position in Zuora by 4.0% during the second quarter. Arizona State Retirement System now owns 36,648 shares of the company’s stock worth $364,000 after buying an additional 1,402 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Zuora by 3.1% in the third quarter. MetLife Investment Management LLC now owns 76,873 shares of the company’s stock worth $663,000 after acquiring an additional 2,303 shares during the last quarter. Diversified Trust Co lifted its position in shares of Zuora by 6.9% in the third quarter. Diversified Trust Co now owns 41,564 shares of the company’s stock valued at $358,000 after acquiring an additional 2,692 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Zuora in the second quarter valued at $44,000. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

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.