Zuora Inc (ZUO) CFO Tyler Sloat Sells 35,472 Shares

Zuora Inc (NYSE:ZUO) CFO Tyler Sloat sold 35,472 shares of Zuora stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $20.00, for a total transaction of $709,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, March 26th, Tyler Sloat sold 364,528 shares of Zuora stock. The shares were sold at an average price of $20.04, for a total transaction of $7,305,141.12.

NYSE:ZUO opened at $19.99 on Wednesday. The firm has a market cap of $2.10 billion and a P/E ratio of -24.38. Zuora Inc has a one year low of $15.56 and a one year high of $37.78. 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 (NYSE:ZUO) last released its earnings results on Thursday, March 21st. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ 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 net margin of 32.99% and a negative return on equity of 46.28%. The company’s quarterly revenue was up 28.7% on a year-over-year basis. As a group, analysts forecast that Zuora Inc will post -0.55 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its holdings in shares of Zuora by 5.3% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 11,915 shares of the company’s stock worth $216,000 after purchasing an additional 600 shares during the last quarter. Virtu Financial LLC grew its holdings in shares of Zuora by 7.8% in the 1st quarter. Virtu Financial LLC now owns 12,047 shares of the company’s stock worth $241,000 after purchasing an additional 872 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Zuora by 158.5% in the 4th quarter. Advisory Services Network LLC now owns 1,680 shares of the company’s stock worth $30,000 after purchasing an additional 1,030 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new stake in shares of Zuora in the 4th quarter worth about $39,000. Finally, Northern Trust Corp grew its holdings in shares of Zuora by 9.9% in the 4th quarter. Northern Trust Corp now owns 24,937 shares of the company’s stock worth $453,000 after purchasing an additional 2,251 shares during the last quarter. 32.88% of the stock is currently owned by institutional investors and hedge funds.

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

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

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