Zuora Inc (ZUO) President Marc Diouane Sells 130,000 Shares

Zuora Inc (NYSE:ZUO) President Marc Diouane sold 130,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $19.76, for a total value of $2,568,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

NYSE ZUO traded down $0.33 during trading on Friday, reaching $19.22. The company’s stock had a trading volume of 1,350,491 shares, compared to its average volume of 2,429,613. The firm has a market capitalization of $2.09 billion and a P/E ratio of -23.44. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.07. Zuora Inc has a one year low of $15.56 and a one year high of $37.78.

Zuora (NYSE:ZUO) last announced its earnings results on Thursday, March 21st. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The business had revenue of $64.10 million during the quarter, compared to the consensus estimate of $63.00 million. Zuora had a negative return on equity of 46.28% and a negative net margin of 32.99%. The business’s quarterly revenue was up 28.7% on a year-over-year basis. As a group, research analysts anticipate that Zuora Inc will post -0.55 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in ZUO. FMR LLC bought a new position in Zuora in the 4th quarter worth about $73,320,000. Carmignac Gestion purchased a new position in shares of Zuora in the 4th quarter worth about $30,553,000. Brown Advisory Inc. boosted its holdings in shares of Zuora by 1,944.0% in the 4th quarter. Brown Advisory Inc. now owns 1,328,270 shares of the company’s stock worth $24,095,000 after purchasing an additional 1,263,285 shares in the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of Zuora by 95.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,074,244 shares of the company’s stock worth $19,487,000 after purchasing an additional 523,581 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Zuora in the 4th quarter worth about $7,289,000. Institutional investors and hedge funds own 32.88% of the company’s stock.

A number of research firms recently issued reports on ZUO. Zacks Investment Research upgraded Zuora from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Thursday, March 28th. Needham & Company LLC boosted their price objective on Zuora from $27.00 to $30.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 20th. Canaccord Genuity upgraded Zuora from a “hold” rating to a “buy” rating and boosted their price objective for the company from $23.00 to $28.00 in a research note on Tuesday, March 19th. Finally, Goldman Sachs Group reiterated a “sell” rating and set a $18.00 price objective on shares of Zuora in a research note on Friday, February 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $26.17.

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Zuora Company Profile

Zuora, Inc provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.

Further Reading: Outstanding Shares

Insider Buying and Selling by Quarter for Zuora (NYSE:ZUO)

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