Peter Hirsch Sells 19,469 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO) insider Peter Hirsch sold 19,469 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $9.97, for a total value of $194,105.93. Following the completion of the transaction, the insider now directly owns 24,146 shares of the company’s stock, valued at approximately $240,735.62. This trade represents a 44.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Peter Hirsch also recently made the following trade(s):

• On Thursday, January 2nd, Peter Hirsch sold 25,664 shares of Zuora stock. The shares were sold at an average price of $9.93, for a total transaction of $254,843.52.

Zuora Stock Down 0.2 %

Shares of ZUO opened at $9.97 on Friday. The company has a market capitalization of $1.53 billion, a P/E ratio of -20.34 and a beta of 1.67. Zuora, Inc. has a one year low of $7.70 and a one year high of $10.85. The business’s 50 day simple moving average is $9.93 and its 200-day simple moving average is $9.34. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.62 and a quick ratio of 2.62.

Analyst Ratings Changes

Several research firms recently issued reports on ZUO. Lake Street Capital reissued a “hold” rating and issued a $10.00 price target on shares of Zuora in a research report on Friday, October 18th. Needham & Company LLC reiterated a “hold” rating and issued a $15.00 price objective on shares of Zuora in a research note on Monday, October 21st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.43.

Hedge Funds Weigh In On Zuora

Institutional investors and hedge funds have recently bought and sold shares of the business. Scalar Gauge Management LLC increased its stake in shares of Zuora by 27.4% in the third quarter. Scalar Gauge Management LLC now owns 6,484,599 shares of the company’s stock valued at $55,897,000 after buying an additional 1,393,327 shares in the last quarter. Solel Partners LP raised its stake in shares of Zuora by 13.5% in the second quarter. Solel Partners LP now owns 4,058,308 shares of the company’s stock worth $40,299,000 after acquiring an additional 483,445 shares during the last quarter. State Street Corp grew its stake in shares of Zuora by 0.3% during the third quarter. State Street Corp now owns 3,302,811 shares of the company’s stock valued at $28,470,000 after purchasing an additional 10,424 shares during the last quarter. Geode Capital Management LLC raised its position in Zuora by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,137,007 shares of the company’s stock worth $27,047,000 after purchasing an additional 119,439 shares during the last quarter. Finally, Potrero Capital Research LLC boosted its position in Zuora by 8.1% in the 3rd quarter. Potrero Capital Research LLC now owns 2,949,360 shares of the company’s stock valued at $25,423,000 after buying an additional 219,863 shares during the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

About Zuora

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.