Zuora, Inc. (NYSE:ZUO) CFO Sells $266,961.66 in Stock

Zuora, Inc. (NYSE:ZUOGet Free Report) CFO Todd Mcelhatton sold 31,006 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $8.61, for a total transaction of $266,961.66. Following the completion of the sale, the chief financial officer now directly owns 277,803 shares in the company, valued at approximately $2,391,883.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, January 10th, Todd Mcelhatton sold 10,000 shares of Zuora stock. The stock was sold at an average price of $8.55, for a total value of $85,500.00.
  • On Thursday, January 4th, Todd Mcelhatton sold 41,692 shares of Zuora stock. The shares were sold at an average price of $8.36, for a total value of $348,545.12.

Zuora Price Performance

Shares of ZUO stock opened at $8.56 on Thursday. The stock has a 50 day simple moving average of $8.76 and a two-hundred day simple moving average of $8.49. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.69. Zuora, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $12.12.

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

Institutional Investors Weigh In On Zuora

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Zuora by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 16,344,929 shares of the company’s stock worth $153,642,000 after acquiring an additional 602,866 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Zuora by 3.2% in the 2nd 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 period. Baillie Gifford & Co. raised its holdings 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 worth $32,552,000 after purchasing an additional 233,022 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Zuora by 13.0% in the fourth 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 holdings in Zuora by 14.0% during the third 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 period. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on ZUO. The Goldman Sachs Group upgraded Zuora from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.00 to $12.00 in a report on Tuesday, January 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Zuora in a research note on Thursday, February 29th. Robert W. Baird decreased their price objective on shares of Zuora from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Finally, Canaccord Genuity Group dropped their target price 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.

View Our Latest Analysis on Zuora

Zuora Company Profile

(Get Free Report)

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.

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