Zuora, Inc. (NYSE:ZUO) CRO Sells $112,940.00 in Stock

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 11,294 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive now owns 17,547 shares of the company’s stock, valued at $175,470. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Zuora Price Performance

Shares of NYSE ZUO opened at $9.27 on Friday. Zuora, Inc. has a 1-year low of $7.05 and a 1-year high of $12.12. 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 business’s fifty day moving average price is $8.69 and its two-hundred day moving average price is $8.52.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ZUO. The Goldman Sachs Group upgraded Zuora from a “neutral” rating to a “buy” rating and boosted their price target for the company from $10.00 to $12.00 in a report on Tuesday, January 23rd. Canaccord Genuity Group lowered their price target on Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Zuora in a report on Thursday, February 29th. Finally, Robert W. Baird lowered their price target on Zuora from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, February 29th.

Institutional Investors Weigh In On Zuora

Several large investors have recently added to or reduced their stakes in ZUO. JPMorgan Chase & Co. increased its position in Zuora by 41.7% in the first quarter. JPMorgan Chase & Co. now owns 640,724 shares of the company’s stock worth $9,598,000 after buying an additional 188,563 shares during the period. Raymond James & Associates increased its holdings in shares of Zuora by 207.5% during the first quarter. Raymond James & Associates now owns 37,212 shares of the company’s stock valued at $557,000 after purchasing an additional 25,110 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Zuora by 242.6% during the first quarter. Acadian Asset Management LLC now owns 22,435 shares of the company’s stock valued at $334,000 after purchasing an additional 15,887 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Zuora by 56.8% during the first quarter. MetLife Investment Management LLC now owns 58,644 shares of the company’s stock valued at $878,000 after purchasing an additional 21,232 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Zuora by 1.5% during the first quarter. BlackRock Inc. now owns 8,274,224 shares of the company’s stock valued at $123,948,000 after purchasing an additional 125,301 shares during the period. 83.02% of the stock is owned by institutional investors and hedge funds.

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.