Sri Srinivasan Sells 22,744 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) insider Sri Srinivasan sold 22,744 shares of the company’s stock in a transaction that occurred on Monday, January 10th. The stock was sold at an average price of $16.05, for a total value of $365,041.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Sri Srinivasan also recently made the following trade(s):

  • On Monday, January 3rd, Sri Srinivasan sold 24,511 shares of Zuora stock. The stock was sold at an average price of $18.06, for a total value of $442,668.66.

NYSE ZUO opened at $15.99 on Friday. The company has a market cap of $1.99 billion, a P/E ratio of -23.51 and a beta of 2.17. The business’s 50 day moving average price is $19.69 and its 200-day moving average price is $18.34. Zuora, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $23.25.

Zuora (NYSE:ZUO) last announced its quarterly earnings data on Wednesday, December 1st. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The company had revenue of $89.23 million for the quarter, compared to the consensus estimate of $86.54 million. Zuora had a negative return on equity of 45.14% and a negative net margin of 24.76%. Zuora’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.13) EPS. On average, research analysts expect that Zuora, Inc. will post -0.65 EPS for the current fiscal year.

Several analysts have recently issued reports on ZUO shares. Zacks Investment Research cut Zuora from a “hold” rating to a “sell” rating in a report on Wednesday, December 8th. upped their price objective on Zuora from $23.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, October 26th. Morgan Stanley raised Zuora from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $13.00 to $18.00 in a research report on Friday, October 1st. Needham & Company LLC raised Zuora from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, October 11th. Finally, Jefferies Financial Group cut their target price on Zuora from $21.00 to $19.00 in a research report on Thursday, January 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.29.

A number of institutional investors have recently made changes to their positions in the business. Saturna Capital CORP grew its position in Zuora by 3.0% in the 3rd quarter. Saturna Capital CORP now owns 17,100 shares of the company’s stock valued at $284,000 after acquiring an additional 500 shares during the last quarter. Vontobel Holding Ltd. grew its position in Zuora by 1.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 55,465 shares of the company’s stock valued at $920,000 after acquiring an additional 738 shares during the last quarter. Arizona State Retirement System grew its position in Zuora by 3.0% in the 3rd quarter. Arizona State Retirement System now owns 30,305 shares of the company’s stock valued at $502,000 after acquiring an additional 893 shares during the last quarter. SRS Capital Advisors Inc. grew its position in Zuora by 63.0% in the 3rd quarter. SRS Capital Advisors Inc. now owns 3,260 shares of the company’s stock valued at $54,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Diversified Trust Co grew its position in Zuora by 7.5% in the 4th quarter. Diversified Trust Co now owns 20,354 shares of the company’s stock valued at $380,000 after acquiring an additional 1,417 shares during the last quarter. 67.00% of the stock is currently owned by 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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