Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube Sells 11,294 Shares

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 11,294 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total value of $112,940.00. Following the completion of the sale, the executive now directly owns 17,547 shares of the company’s stock, valued at approximately $175,470. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Zuora Stock Performance

NYSE:ZUO opened at $9.27 on Friday. 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, Inc. has a 52-week low of $7.05 and a 52-week high of $12.12. The stock has a fifty day simple moving average of $8.69 and a 200-day simple moving average of $8.52.

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

Wall Street Analysts Forecast Growth

ZUO has been the subject of a number of recent analyst reports. Canaccord Genuity Group reduced their target price on Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Robert W. Baird reduced their target price on Zuora from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of Zuora in a report on Thursday, February 29th. Finally, The Goldman Sachs Group raised Zuora from a “neutral” rating to a “buy” rating and raised their target price for the company from $10.00 to $12.00 in a report on Tuesday, January 23rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Zuora by 4.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,966 shares of the company’s stock worth $263,000 after buying an additional 1,239 shares during the last quarter. American International Group Inc. increased its position in Zuora by 2.1% during the 4th quarter. American International Group Inc. now owns 66,153 shares of the company’s stock worth $622,000 after purchasing an additional 1,373 shares in the last quarter. Hsbc Holdings PLC increased its position in Zuora by 5.9% during the 1st quarter. Hsbc Holdings PLC now owns 26,146 shares of the company’s stock worth $396,000 after purchasing an additional 1,447 shares in the last quarter. Federated Hermes Inc. increased its position in Zuora by 6.2% during the 3rd quarter. Federated Hermes Inc. now owns 29,762 shares of the company’s stock worth $245,000 after purchasing an additional 1,729 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Zuora by 13.3% during the 4th quarter. Principal Financial Group Inc. now owns 15,367 shares of the company’s stock worth $144,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors and hedge funds 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.