Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton Sells 50,373 Shares

Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton sold 50,373 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $500,203.89. Following the completion of the transaction, the chief financial officer now directly owns 404,634 shares in the company, valued at approximately $4,018,015.62. This represents a 11.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Zuora Price Performance

Zuora stock traded up $0.02 during trading hours on Friday, reaching $9.94. 1,082,305 shares of the stock were exchanged, compared to its average volume of 2,603,401. The company has a current ratio of 2.62, a quick ratio of 2.77 and a debt-to-equity ratio of 2.00. Zuora, Inc. has a twelve month low of $7.70 and a twelve month high of $10.85. The company has a market cap of $1.53 billion, a P/E ratio of -20.29 and a beta of 1.66. The stock has a 50 day moving average of $9.92 and a two-hundred day moving average of $9.31.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ZUO. Lake Street Capital restated a “hold” rating and issued a $10.00 price target on shares of Zuora in a research note on Friday, October 18th. Needham & Company LLC restated a “hold” rating and set a $15.00 target price on shares of Zuora in a research report on Monday, October 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.43.

Hedge Funds Weigh In On Zuora

A number of institutional investors have recently modified their holdings of the business. 272 Capital LP boosted its stake in Zuora by 28.1% in the third quarter. 272 Capital LP now owns 493,527 shares of the company’s stock valued at $4,254,000 after buying an additional 108,201 shares in the last quarter. Divisar Capital Management LLC bought a new stake in shares of Zuora during the 2nd quarter valued at approximately $4,575,000. Scalar Gauge Management LLC increased its position in Zuora by 35.4% during 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 approximately $493,000. Finally, BDF Gestion lifted its stake in Zuora by 34.8% in 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 during the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

About Zuora

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.