Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube Sells 60,885 Shares

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 60,885 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total transaction of $604,588.05. Following the completion of the transaction, the executive now owns 168,906 shares in the company, valued at approximately $1,677,236.58. The trade was a 26.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Zuora Price Performance

Zuora stock opened at $9.94 on Friday. The firm has a market capitalization of $1.53 billion, a P/E ratio of -20.29 and a beta of 1.66. Zuora, Inc. has a one year low of $7.70 and a one year high of $10.85. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.77. The business has a fifty day moving average price of $9.92 and a 200-day moving average price of $9.31.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Lake Street Capital reiterated a “hold” rating and issued a $10.00 price objective on shares of Zuora in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “hold” rating and set a $15.00 price target on shares of Zuora in a research report on Monday, October 21st. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.43.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ZUO. 272 Capital LP lifted its holdings in shares of Zuora by 28.1% in the third quarter. 272 Capital LP now owns 493,527 shares of the company’s stock worth $4,254,000 after buying an additional 108,201 shares in the last quarter. Divisar Capital Management LLC bought a new stake in Zuora during the 2nd quarter worth approximately $4,575,000. Scalar Gauge Management LLC lifted its stake in Zuora by 35.4% in the 2nd quarter. Scalar Gauge Management LLC now owns 5,091,272 shares of the company’s stock worth $50,556,000 after purchasing an additional 1,332,343 shares in the last quarter. SG Americas Securities LLC bought a new position in Zuora in the 3rd quarter valued at $493,000. Finally, BDF Gestion grew its position in shares of Zuora by 34.8% during the 3rd quarter. BDF Gestion now owns 465,000 shares of the company’s stock valued at $4,008,000 after purchasing an additional 120,000 shares in the last quarter. Institutional investors own 83.02% of the company’s stock.

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.