Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo Sells 239,198 Shares of Stock

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 239,198 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $9.44, for a total value of $2,258,029.12. Following the transaction, the chief executive officer now owns 6,352 shares of the company’s stock, valued at $59,962.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Tien Tzuo also recently made the following trade(s):

• On Monday, April 1st, Tien Tzuo sold 81,635 shares of Zuora stock. The shares were sold at an average price of $8.87, for a total value of $724,102.45.
• On Monday, January 22nd, Tien Tzuo sold 6,909 shares of Zuora stock. The shares were sold at an average price of $9.00, for a total value of $62,181.00.

Zuora Stock Performance

ZUO opened at $9.27 on Friday. Zuora, Inc. has a 52 week low of $7.05 and a 52 week high of $12.12. The business’s 50 day moving average is $8.69 and its two-hundred day moving average is $8.52. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 2.69.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Zuora by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 16,344,929 shares of the company’s stock valued at $153,642,000 after purchasing an additional 602,866 shares during the last quarter. BlackRock Inc. grew its stake in shares of Zuora by 3.2% in the 2nd quarter. BlackRock Inc. now owns 11,030,517 shares of the company’s stock valued at $121,005,000 after purchasing an additional 343,054 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of Zuora by 4.8% in the 4th quarter. Baillie Gifford & Co. now owns 5,118,254 shares of the company’s stock valued at $32,552,000 after purchasing an additional 233,022 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Zuora by 13.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,740,046 shares of the company’s stock valued at $35,156,000 after purchasing an additional 429,705 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Zuora by 14.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,310,341 shares of the company’s stock valued at $27,277,000 after purchasing an additional 406,841 shares during the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group reduced their price target on Zuora from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. The Goldman Sachs Group raised Zuora from a “neutral” rating to a “buy” rating and raised their target price for the stock from $10.00 to $12.00 in a research report on Tuesday, January 23rd. Robert W. Baird cut their target price 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, Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of Zuora in a research report on Thursday, February 29th.

Zuora Company Profile

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.