Insider Selling: Zuora Inc (ZUO) CFO Sells 364,528 Shares of Stock

Zuora Inc (NYSE:ZUO) CFO Tyler Sloat sold 364,528 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $20.04, for a total value of $7,305,141.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Tyler Sloat also recently made the following trade(s):

  • On Thursday, March 28th, Tyler Sloat sold 35,472 shares of Zuora stock. The stock was sold at an average price of $20.00, for a total value of $709,440.00.

Shares of ZUO traded down $0.33 during trading hours on Friday, hitting $19.22. 1,350,491 shares of the company were exchanged, compared to its average volume of 2,429,613. The firm has a market cap of $2.09 billion and a P/E ratio of -23.44. Zuora Inc has a fifty-two week low of $15.56 and a fifty-two week high of $37.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.98 and a current ratio of 1.98.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV boosted its stake in shares of Zuora by 5.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 11,915 shares of the company’s stock valued at $216,000 after purchasing an additional 600 shares in the last quarter. Virtu Financial LLC raised its position in shares of Zuora by 7.8% during the first quarter. Virtu Financial LLC now owns 12,047 shares of the company’s stock worth $241,000 after acquiring an additional 872 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Zuora by 158.5% during the fourth quarter. Advisory Services Network LLC now owns 1,680 shares of the company’s stock worth $30,000 after acquiring an additional 1,030 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new position in shares of Zuora during the fourth quarter worth about $39,000. Finally, Northern Trust Corp raised its position in shares of Zuora by 9.9% during the fourth quarter. Northern Trust Corp now owns 24,937 shares of the company’s stock worth $453,000 after acquiring an additional 2,251 shares during the last quarter. 32.88% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on ZUO. Zacks Investment Research raised Zuora from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Thursday, March 28th. Canaccord Genuity raised Zuora from a “hold” rating to a “buy” rating and upped their price target for the stock from $23.00 to $28.00 in a research report on Tuesday, March 19th. Goldman Sachs Group reaffirmed a “sell” rating and set a $18.00 price target on shares of Zuora in a research report on Friday, February 1st. Finally, Needham & Company LLC increased their price objective on Zuora from $27.00 to $30.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $26.17.

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About Zuora

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: Gross Domestic Product (GDP)

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

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