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

Zuora, Inc. (NYSE:ZUO) insider Peter Hirsch sold 19,469 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $9.97, for a total value of $194,105.93. Following the transaction, the insider now directly owns 24,146 shares of the company’s stock, valued at $240,735.62. This represents a 44.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 %

Shares of Zuora stock traded down $0.02 during midday trading on Thursday, reaching $9.97. The company had a trading volume of 992,726 shares, compared to its average volume of 2,278,993. The firm has a market cap of $1.53 billion, a PE ratio of -20.34 and a beta of 1.67. The stock has a fifty day moving average price of $9.93 and a 200 day moving average price of $9.34. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.62. Zuora, Inc. has a fifty-two week low of $7.70 and a fifty-two week high of $10.85.

Analyst Ratings Changes

Several research analysts have weighed in on the company. 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 restated a “hold” rating and set a $10.00 target price on shares of Zuora in a research report on Friday, October 18th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.43.

Hedge Funds Weigh In On Zuora

A number of institutional investors and hedge funds have recently modified their holdings of ZUO. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zuora during the second quarter valued at approximately $44,000. Quarry LP increased its position in shares of Zuora by 504.9% during the third quarter. Quarry LP now owns 6,164 shares of the company’s stock valued at $53,000 after acquiring an additional 5,145 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Zuora in the third quarter worth about $63,000. Castleview Partners LLC bought a new position in Zuora during the third quarter valued at $79,000. Finally, Canada Pension Plan Investment Board bought a new stake in Zuora in the 2nd quarter valued at about $85,000. 83.02% of the stock is currently owned by institutional investors.

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.