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 firm’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $10.00, for a total value of $112,940.00. Following the completion of the transaction, the executive now owns 17,547 shares in the company, valued at approximately $175,470. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Zuora Stock Performance

Zuora stock opened at $9.25 on Monday. Zuora, Inc. has a 12-month low of $7.05 and a 12-month 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 50-day moving average price is $8.69 and its two-hundred day moving average price is $8.53. The stock has a market cap of $1.35 billion, a PE ratio of -19.27 and a beta of 1.90.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates 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. As a group, analysts expect that Zuora, Inc. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZUO has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $15.00 price target on shares of Zuora in a research report on Thursday, February 29th. The Goldman Sachs Group upgraded Zuora from a “neutral” rating to a “buy” rating and raised their price target for the stock from $10.00 to $12.00 in a research report on Tuesday, January 23rd. Robert W. Baird decreased their price target on Zuora from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. Finally, Canaccord Genuity Group decreased their target price on Zuora from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th.

Institutional Trading of Zuora

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of 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 acquiring an additional 188,563 shares during the period. Raymond James & Associates lifted its stake in shares of Zuora by 207.5% in the first quarter. Raymond James & Associates now owns 37,212 shares of the company’s stock worth $557,000 after acquiring an additional 25,110 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Zuora by 242.6% in the first quarter. Acadian Asset Management LLC now owns 22,435 shares of the company’s stock worth $334,000 after acquiring an additional 15,887 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Zuora by 56.8% in the first quarter. MetLife Investment Management LLC now owns 58,644 shares of the company’s stock worth $878,000 after acquiring an additional 21,232 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Zuora by 1.5% in the first quarter. BlackRock Inc. now owns 8,274,224 shares of the company’s stock worth $123,948,000 after acquiring 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.