Todd Mcelhatton Sells 10,000 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton sold 10,000 shares of Zuora stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $8.35, for a total transaction of $83,500.00. Following the transaction, the chief financial officer now owns 267,803 shares in the company, valued at approximately $2,236,155.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Todd Mcelhatton also recently made the following trade(s):

• On Wednesday, April 3rd, Todd Mcelhatton sold 31,006 shares of Zuora stock. The shares were sold at an average price of $8.61, for a total transaction of $266,961.66.

Zuora Price Performance

Zuora stock opened at $8.61 on Friday. The company’s 50-day moving average price is $8.65 and its 200-day moving average price is $8.49. Zuora, Inc. has a twelve month low of $7.05 and a twelve month high of $12.12. The company has a debt-to-equity ratio of 2.69, a quick ratio of 2.43 and a current ratio of 2.43.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ZUO. Canaccord Genuity Group reduced their price target on shares of Zuora from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, February 29th. The Goldman Sachs Group upgraded shares of Zuora from a “neutral” rating to a “buy” rating and lifted their price target for the company from $10.00 to $12.00 in a report on Tuesday, January 23rd. Robert W. Baird reduced their price target on shares of Zuora from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Finally, 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.

Hedge Funds Weigh In On Zuora

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in Zuora during the 3rd quarter valued at about $25,000. DekaBank Deutsche Girozentrale bought a new position in Zuora during the 3rd quarter valued at about $25,000. Quarry LP bought a new position in Zuora during the 2nd quarter valued at about $26,000. Castleview Partners LLC bought a new position in Zuora during the 2nd quarter valued at about $37,000. Finally, Tower Research Capital LLC TRC grew its holdings in Zuora by 94.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,124 shares of the company’s stock valued at $56,000 after purchasing an additional 2,495 shares during the last quarter. 83.02% of the stock is currently owned by institutional investors.

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.