Insider Selling: Zuora, Inc. (NYSE:ZUO) CFO Sells 10,000 Shares of Stock

Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton sold 10,000 shares of the company’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $8.35, for a total value of $83,500.00. Following the sale, the chief financial officer now owns 267,803 shares of the company’s stock, valued at $2,236,155.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, April 3rd, Todd Mcelhatton sold 31,006 shares of Zuora stock. The stock was sold at an average price of $8.61, for a total transaction of $266,961.66.

Zuora Stock Up 5.0 %

Shares of ZUO traded up $0.42 during mid-day trading on Thursday, reaching $8.80. 2,574,666 shares of the stock traded hands, compared to its average volume of 1,313,958. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -18.48 and a beta of 1.90. The stock has a fifty day simple moving average of $8.67 and a 200 day simple moving average of $8.49. 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 12-month low of $7.05 and a 12-month high of $12.12.

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. Zuora had a negative net margin of 15.80% and a negative return on equity of 46.38%. The firm had revenue of $110.67 million for the quarter, compared to the consensus estimate of $110.80 million. Sell-side analysts expect that Zuora, Inc. will post -0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of Zuora from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $12.00 in a research note on Tuesday, January 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 price target on shares of Zuora in a research report on Thursday, February 29th. Canaccord Genuity Group lowered their price target on Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Finally, Robert W. Baird reduced their price objective on Zuora from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ZUO. Allspring Global Investments Holdings LLC acquired a new stake in Zuora during the 3rd quarter valued at approximately $25,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Zuora in the 3rd quarter valued at approximately $25,000. Quarry LP purchased a new position in shares of Zuora during the 2nd quarter valued at approximately $26,000. Castleview Partners LLC acquired a new stake in shares of Zuora during the second quarter worth approximately $37,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Zuora by 94.9% during the second quarter. Tower Research Capital LLC TRC now owns 5,124 shares of the company’s stock worth $56,000 after buying an additional 2,495 shares in the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

Zuora Company Profile

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.