Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton Sells 4,700 Shares

Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton sold 4,700 shares of Zuora stock in a transaction dated Monday, October 11th. The shares were sold at an average price of $17.29, for a total transaction of $81,263.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Todd Mcelhatton also recently made the following trade(s):

  • On Friday, October 1st, Todd Mcelhatton sold 14,123 shares of Zuora stock. The shares were sold at an average price of $16.81, for a total transaction of $237,407.63.
  • On Monday, August 30th, Todd Mcelhatton sold 9,300 shares of Zuora stock. The shares were sold at an average price of $16.90, for a total transaction of $157,170.00.

Shares of Zuora stock opened at $18.91 on Thursday. The stock has a market capitalization of $2.36 billion, a PE ratio of -29.55 and a beta of 2.16. Zuora, Inc. has a 52-week low of $9.27 and a 52-week high of $19.01. The company has a 50-day simple moving average of $16.71 and a two-hundred day simple moving average of $16.38.

Zuora (NYSE:ZUO) last released its quarterly earnings data on Tuesday, August 24th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). Zuora had a negative net margin of 23.79% and a negative return on equity of 41.89%. The firm had revenue of $86.50 million during the quarter, compared to analysts’ expectations of $83.41 million. Zuora’s revenue was up 15.3% compared to the same quarter last year. On average, research analysts forecast that Zuora, Inc. will post -0.57 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on ZUO. Morgan Stanley raised shares of Zuora from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $13.00 to $18.00 in a research report on Friday, October 1st. Needham & Company LLC raised shares of Zuora from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday. Zacks Investment Research cut shares of Zuora from a “hold” rating to a “sell” rating in a report on Wednesday, September 1st. Finally, Craig Hallum began coverage on shares of Zuora in a report on Thursday, September 30th. They issued a “buy” rating and a $24.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $20.43.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZUO. Nuveen Asset Management LLC grew its position in Zuora by 90.6% during the first quarter. Nuveen Asset Management LLC now owns 1,315,699 shares of the company’s stock valued at $19,472,000 after buying an additional 625,352 shares during the period. Morgan Stanley grew its position in Zuora by 24.0% during the first quarter. Morgan Stanley now owns 1,671,122 shares of the company’s stock valued at $24,733,000 after buying an additional 323,506 shares during the period. Handelsbanken Fonder AB grew its position in Zuora by 76.4% during the second quarter. Handelsbanken Fonder AB now owns 27,700 shares of the company’s stock valued at $478,000 after buying an additional 12,000 shares during the period. Barclays PLC grew its position in Zuora by 217.3% during the first quarter. Barclays PLC now owns 121,240 shares of the company’s stock valued at $1,795,000 after buying an additional 83,033 shares during the period. Finally, Gagnon Securities LLC grew its position in Zuora by 72.8% during the first quarter. Gagnon Securities LLC now owns 291,420 shares of the company’s stock valued at $4,313,000 after buying an additional 122,728 shares during the period. 64.30% of the stock is owned by hedge funds and other institutional investors.

Zuora Company Profile

Zuora, Inc engages in the provision of cloud-based subscription management platform. Its products include Zuora Billing, Zuora Revenue, Zuora CPQ, Zuora Collect AI, and Zuora Analytics. It offers solutions to software, healthcare, education, B2C, and communications industries. The company was founded in 2007 by K.V.

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Insider Buying and Selling by Quarter for Zuora (NYSE:ZUO)

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