Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube Sells 54,682 Shares of Stock

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 54,682 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total value of $470,812.02. Following the completion of the transaction, the executive now owns 51,428 shares in the company, valued at $442,795.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Zuora Price Performance

NYSE ZUO opened at $8.56 on Thursday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.69. The business’s fifty day moving average is $8.76 and its 200 day moving average is $8.49. Zuora, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $12.12.

Zuora (NYSE:ZUO) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, beating 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 business had revenue of $110.67 million for the quarter, compared to the consensus estimate of $110.80 million. Research analysts forecast that Zuora, Inc. will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Zuora

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Zuora by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 16,344,929 shares of the company’s stock valued at $153,642,000 after acquiring an additional 602,866 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Zuora by 3.2% in the second quarter. BlackRock Inc. now owns 11,030,517 shares of the company’s stock worth $121,005,000 after purchasing an additional 343,054 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of Zuora by 4.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,118,254 shares of the company’s stock worth $32,552,000 after purchasing an additional 233,022 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Zuora by 13.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,740,046 shares of the company’s stock worth $35,156,000 after purchasing an additional 429,705 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Zuora by 14.0% in the third quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock worth $27,277,000 after purchasing an additional 406,841 shares during the last quarter. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

About Zuora

Zuora, Inc, together with its subsidiaries, provides cloud-based subscription management platform that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora platform that acts as an orchestration engine that allows customers quote-to-cash and revenue operations; and Zuora Billing that helps customers to set payment terms, manage hierarchical billing relationships, consolidate invoicing across multiple subscriptions, and tax transactions.