Insider Selling: Zuora, Inc. (NYSE:ZUO) Insider Sells $194,105.93 in Stock

Zuora, Inc. (NYSE:ZUO) insider Peter Hirsch sold 19,469 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $9.97, for a total value of $194,105.93. Following the completion of the sale, the insider now directly owns 24,146 shares in the company, valued at approximately $240,735.62. The trade was a 44.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Peter Hirsch also recently made the following trade(s):

• On Thursday, January 2nd, Peter Hirsch sold 25,664 shares of Zuora stock. The stock was sold at an average price of $9.93, for a total transaction of $254,843.52.

Zuora Price Performance

ZUO opened at $9.98 on Friday. Zuora, Inc. has a 52-week low of $7.70 and a 52-week high of $10.85. The company has a 50 day moving average of $9.93 and a two-hundred day moving average of $9.35. The company has a market cap of $1.53 billion, a P/E ratio of -20.36 and a beta of 1.67. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 2.00.

Analysts Set New Price Targets

ZUO has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating and set a $15.00 price target on shares of Zuora in a research report on Monday, October 21st. Lake Street Capital restated a “hold” rating and set a $10.00 price objective on shares of Zuora in a report on Friday, October 18th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $11.43.

Institutional Trading of Zuora

Institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its stake in shares of Zuora by 4.5% during the second quarter. Rhumbline Advisers now owns 193,923 shares of the company’s stock worth $1,926,000 after purchasing an additional 8,407 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Zuora by 4.0% in the second quarter. Arizona State Retirement System now owns 36,648 shares of the company’s stock valued at $364,000 after buying an additional 1,402 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Zuora by 18.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 746,117 shares of the company’s stock valued at $7,409,000 after buying an additional 113,597 shares during the period. XTX Topco Ltd acquired a new position in Zuora during the 2nd quarter worth approximately $225,000. Finally, Canada Pension Plan Investment Board purchased a new position in Zuora in the 2nd quarter worth approximately $85,000. 83.02% of the stock is 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.