Robert J. Traube Sells 21,949 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) CRO Robert J. Traube sold 21,949 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $8.72, for a total transaction of $191,395.28. Following the completion of the transaction, the executive now owns 53,804 shares in the company, valued at $469,170.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Zuora Stock Performance

NYSE:ZUO traded down $0.02 on Friday, hitting $8.97. The stock had a trading volume of 332,499 shares, compared to its average volume of 1,423,898. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -20.91 and a beta of 1.71. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 2.60. The business’s 50-day simple moving average is $9.79 and its two-hundred day simple moving average is $9.19. Zuora, Inc. has a 52-week low of $7.05 and a 52-week high of $11.80.

Zuora (NYSE:ZUO) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. Zuora had a negative return on equity of 30.17% and a negative net margin of 14.28%. The firm had revenue of $109.77 million for the quarter, compared to analysts’ expectations of $108.80 million. As a group, research analysts predict that Zuora, Inc. will post -0.16 earnings per share for the current year.

Wall Street Analyst Weigh In

ZUO has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on shares of Zuora from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Robert W. Baird increased their price target on shares of Zuora from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Canaccord Genuity Group reissued a “buy” rating and set a $13.00 price objective on shares of Zuora in a research note on Thursday, May 23rd. Lake Street Capital increased their price objective on Zuora from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Craig Hallum lowered Zuora from a “buy” rating to a “hold” rating and dropped their price objective for the company from $12.00 to $10.00 in a research note on Monday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Zuora currently has an average rating of “Moderate Buy” and a consensus target price of $11.86.

Institutional Trading of Zuora

A number of large investors have recently added to or reduced their stakes in the company. BDF Gestion purchased a new stake in shares of Zuora in the second quarter valued at $3,426,000. CWM LLC boosted its position in Zuora by 25.0% in the 2nd quarter. CWM LLC now owns 7,945 shares of the company’s stock valued at $79,000 after buying an additional 1,590 shares during the period. Bares Capital Management Inc. boosted its position in Zuora by 41.4% in the 1st quarter. Bares Capital Management Inc. now owns 1,746,292 shares of the company’s stock valued at $15,926,000 after buying an additional 511,292 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Zuora by 7.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 67,806 shares of the company’s stock valued at $619,000 after buying an additional 4,760 shares during the period. Finally, EntryPoint Capital LLC boosted its position in Zuora by 1,629.8% in the 1st quarter. EntryPoint Capital LLC now owns 21,588 shares of the company’s stock valued at $197,000 after buying an additional 20,340 shares during the period. Institutional investors own 83.02% of the company’s stock.

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.