Robert J. Traube Sells 11,294 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 11,294 shares of Zuora stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total value of $112,940.00. Following the completion of the transaction, the executive now owns 17,547 shares of the company’s stock, valued at approximately $175,470. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Zuora Price Performance

Shares of Zuora stock remained flat at $9.27 on Friday. The stock had a trading volume of 2,694,721 shares, compared to its average volume of 1,528,095. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 2.69. The stock’s fifty day moving average is $8.68 and its 200-day moving average is $8.51. The stock has a market cap of $1.35 billion, a PE ratio of -19.30 and a beta of 1.90. Zuora, Inc. has a fifty-two week low of $7.05 and a fifty-two week high of $12.12.

Zuora (NYSE:ZUO) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10. Zuora had a negative return on equity of 46.38% and a negative net margin of 15.80%. The company had revenue of $110.67 million for the quarter, compared to analyst estimates of $110.80 million. Research analysts forecast that Zuora, Inc. will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Zuora during the 3rd quarter worth about $25,000. DekaBank Deutsche Girozentrale purchased a new position in Zuora during the third quarter worth about $25,000. Quarry LP acquired a new stake in shares of Zuora during the second quarter valued at about $26,000. Castleview Partners LLC purchased a new stake in shares of Zuora in the 2nd quarter valued at approximately $37,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Zuora by 94.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,124 shares of the company’s stock worth $56,000 after acquiring an additional 2,495 shares during the last quarter. 83.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Zuora from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 target price on shares of Zuora in a research report on Thursday, February 29th. Canaccord Genuity Group reduced their price target on shares of Zuora from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group upgraded 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.

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.