Zuora, Inc. (NYSE:ZUO) CFO Sells $75,435.00 in Stock

Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton sold 4,700 shares of the stock in a transaction that occurred on Monday, January 10th. The shares were sold at an average price of $16.05, for a total transaction of $75,435.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Monday, January 3rd, Todd Mcelhatton sold 14,429 shares of Zuora stock. The shares were sold at an average price of $18.06, for a total transaction of $260,587.74.

NYSE:ZUO opened at $15.99 on Friday. The firm has a market capitalization of $1.99 billion, a P/E ratio of -23.51 and a beta of 2.17. Zuora, Inc. has a 1-year low of $12.78 and a 1-year high of $23.25. The company’s fifty day moving average price is $19.69 and its 200-day moving average price is $18.34.

Zuora (NYSE:ZUO) last released its quarterly earnings data on Wednesday, December 1st. The company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $89.23 million for the quarter, compared to analyst estimates of $86.54 million. Zuora had a negative net margin of 24.76% and a negative return on equity of 45.14%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.13) earnings per share. Equities research analysts forecast that Zuora, Inc. will post -0.65 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in ZUO. Marshall Wace North America L.P. acquired a new stake in shares of Zuora in the first quarter worth $62,000. Advisor Group Holdings Inc. increased its stake in shares of Zuora by 24.4% in the second quarter. Advisor Group Holdings Inc. now owns 30,956 shares of the company’s stock worth $534,000 after acquiring an additional 6,076 shares during the period. Teacher Retirement System of Texas boosted its holdings in Zuora by 18.9% during the second quarter. Teacher Retirement System of Texas now owns 12,973 shares of the company’s stock worth $224,000 after buying an additional 2,062 shares in the last quarter. First Mercantile Trust Co. boosted its holdings in Zuora by 38.8% during the second quarter. First Mercantile Trust Co. now owns 7,967 shares of the company’s stock worth $137,000 after buying an additional 2,229 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Zuora by 7.9% during the second quarter. State Board of Administration of Florida Retirement System now owns 19,668 shares of the company’s stock worth $339,000 after buying an additional 1,442 shares in the last quarter. Hedge funds and other institutional investors own 67.00% of the company’s stock.

A number of research firms recently commented on ZUO. Craig Hallum began coverage on shares of Zuora in a research report on Thursday, September 30th. They set a “buy” rating and a $24.00 target price for the company. upped their price target on shares of Zuora from $23.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 26th. Needham & Company LLC upgraded shares of Zuora from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, October 11th. Morgan Stanley upgraded shares of Zuora from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $13.00 to $18.00 in a research note on Friday, October 1st. Finally, Zacks Investment Research lowered shares of Zuora from a “hold” rating to a “sell” rating in a research note on Wednesday, December 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $22.29.

About Zuora

Zuora, Inc engages in the provision of cloud-based subscription management platform. Its products include Zuora Billing, Zuora Revenue, Zuora CPQ, Zuora Collect AI, and Zuora Analytics. It offers solutions to software, healthcare, education, B2C, and communications industries. The company was founded in 2007 by K.V.

Read More: How is the LIBOR rate calculated?

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

Receive News & Ratings for Zuora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zuora and related companies with MarketBeat.com's FREE daily email newsletter.