Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube Sells 30,736 Shares

Zuora, Inc. (NYSE:ZUO – Get Rating) CRO Robert J. Traube sold 30,736 shares of Zuora stock in a transaction on Wednesday, January 18th. The stock was sold at an average price of $7.04, for a total value of $216,381.44. Following the sale, the executive now directly owns 32,927 shares of the company’s stock, valued at approximately $231,806.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Zuora Trading Up 2.7 %

ZUO stock opened at $6.73 on Friday. The business has a 50-day simple moving average of $6.77 and a 200 day simple moving average of $7.69. Zuora, Inc. has a 52 week low of $5.45 and a 52 week high of $17.02. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.13.

Zuora (NYSE:ZUO – Get Rating) last posted its quarterly earnings results on Tuesday, December 6th. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. The business had revenue of $101.07 million during the quarter, compared to the consensus estimate of $99.50 million. Zuora had a negative return on equity of 61.56% and a negative net margin of 32.65%. Equities research analysts predict that Zuora, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Zuora in a report on Friday, October 21st. They set a “neutral” rating and a $9.00 target price for the company. UBS Group dropped their target price on Zuora from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, December 9th. Finally, Craig Hallum dropped their price target on Zuora from $16.00 to $10.00 in a research note on Wednesday, December 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versor Investments LP grew its position in Zuora by 344.3% in the second quarter. Versor Investments LP now owns 100,604 shares of the company’s stock valued at $900,000 after acquiring an additional 77,962 shares during the last quarter. PFS Investments Inc. grew its holdings in shares of Zuora by 12.8% during the second quarter. PFS Investments Inc. now owns 91,348 shares of the company’s stock worth $818,000 after purchasing an additional 10,336 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Zuora by 4.2% during the third quarter. Baillie Gifford & Co. now owns 4,885,232 shares of the company’s stock worth $36,053,000 after purchasing an additional 197,661 shares during the last quarter. Royce & Associates LP bought a new stake in shares of Zuora during the second quarter worth about $194,000. Finally, Kettle Hill Capital Management LLC bought a new stake in shares of Zuora during the second quarter worth about $1,871,000. Institutional investors own 69.11% of the company’s stock.

Zuora Company Profile

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Zuora, Inc, together with its subsidiaries, provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an orchestration engine that allows customers quote-to-revenue operations.