Zuora, Inc. (NYSE:ZUO) Insider Peter Hirsch Sells 19,469 Shares

Zuora, Inc. (NYSE:ZUO) insider Peter Hirsch sold 19,469 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $9.97, for a total transaction of $194,105.93. Following the completion of the transaction, the insider now directly owns 24,146 shares in the company, valued at approximately $240,735.62. The trade was a 44.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Peter Hirsch also recently made the following trade(s):

• On Thursday, January 2nd, Peter Hirsch sold 25,664 shares of Zuora stock. The stock was sold at an average price of $9.93, for a total transaction of $254,843.52.

Zuora Trading Down 0.2 %

NYSE:ZUO traded down $0.02 during trading hours on Thursday, hitting $9.97. The company had a trading volume of 992,726 shares, compared to its average volume of 2,278,993. Zuora, Inc. has a 52 week low of $7.70 and a 52 week 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 2.62. The stock has a 50-day moving average price of $9.93 and a 200 day moving average price of $9.34. The company has a market capitalization of $1.53 billion, a PE ratio of -20.34 and a beta of 1.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ZUO. Point72 Asia Singapore Pte. Ltd. bought a new position in Zuora in the second quarter worth $44,000. Quarry LP increased its stake in shares of Zuora by 504.9% in the 3rd quarter. Quarry LP now owns 6,164 shares of the company’s stock worth $53,000 after acquiring an additional 5,145 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Zuora during the 3rd quarter valued at about $63,000. Castleview Partners LLC bought a new stake in Zuora during the third quarter worth about $79,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Zuora during the second quarter valued at approximately $85,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Wall Street Analyst Weigh In

ZUO has been the topic of several recent research reports. Needham & Company LLC reiterated a “hold” rating and set a $15.00 price objective on shares of Zuora in a research report on Monday, October 21st. Lake Street Capital reiterated a “hold” rating and issued a $10.00 target price on shares of Zuora in a research report on Friday, October 18th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.43.

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.