Tien Tzuo Sells 48,569 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) CEO Tien Tzuo sold 48,569 shares of Zuora stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $9.93, for a total value of $482,290.17. Following the sale, the chief executive officer now directly owns 110,576 shares of the company’s stock, valued at approximately $1,098,019.68. This trade represents a 30.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Zuora Price Performance

ZUO opened at $9.94 on Monday. The firm has a market capitalization of $1.53 billion, a PE ratio of -20.29 and a beta of 1.67. The business’s 50-day moving average is $9.92 and its two-hundred day moving average is $9.31. Zuora, Inc. has a 1 year low of $7.70 and a 1 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Palumbo Wealth Management LLC lifted its position in Zuora by 11.7% during the third quarter. Palumbo Wealth Management LLC now owns 11,536 shares of the company’s stock valued at $99,000 after acquiring an additional 1,210 shares during the last quarter. Arizona State Retirement System increased its position in shares of Zuora by 4.0% during the second quarter. Arizona State Retirement System now owns 36,648 shares of the company’s stock worth $364,000 after purchasing an additional 1,402 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Zuora by 3.1% during the 3rd quarter. MetLife Investment Management LLC now owns 76,873 shares of the company’s stock valued at $663,000 after purchasing an additional 2,303 shares during the last quarter. Diversified Trust Co boosted its position in shares of Zuora by 6.9% in the 3rd quarter. Diversified Trust Co now owns 41,564 shares of the company’s stock worth $358,000 after purchasing an additional 2,692 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Zuora during the 2nd quarter worth $44,000. Hedge funds and other institutional investors own 83.02% of the company’s stock.

Wall Street Analysts Forecast Growth

ZUO has been the subject of a number of research reports. Lake Street Capital reaffirmed 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 issued 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.