Robert J. Traube Sells 30,736 Shares of Zuora, Inc. (NYSE:ZUO) Stock

Zuora, Inc. (NYSE:ZUO – Get Rating) CRO Robert J. Traube sold 30,736 shares of the stock in a transaction dated Wednesday, January 18th. The stock was sold at an average price of $7.04, for a total transaction of $216,381.44. Following the sale, the executive now directly owns 32,927 shares in the company, valued at approximately $231,806.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Zuora Stock Up 2.7 %

Shares of ZUO opened at $6.73 on Friday. Zuora, Inc. has a twelve month low of $5.45 and a twelve month high of $17.02. The company has a 50 day moving average of $6.77 and a 200-day moving average of $7.69. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.13.

Zuora (NYSE:ZUO – Get Rating) last issued its quarterly earnings results on Tuesday, December 6th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.02. The company had revenue of $101.07 million during the quarter, compared to analysts’ expectations of $99.50 million. Zuora had a negative net margin of 32.65% and a negative return on equity of 61.56%. On average, sell-side analysts predict that Zuora, Inc. will post -0.98 EPS for the current year.

Hedge Funds Weigh In On Zuora

Several hedge funds have recently made changes to their positions in the business. Diversified Trust Co grew its stake in shares of Zuora by 21.4% in the fourth quarter. Diversified Trust Co now owns 58,219 shares of the company’s stock valued at $370,000 after buying an additional 10,266 shares in the last quarter. American Trust acquired a new stake in Zuora during the 3rd quarter valued at $81,000. Capital Impact Advisors LLC lifted its holdings in Zuora by 6.5% during the 3rd quarter. Capital Impact Advisors LLC now owns 51,653 shares of the company’s stock valued at $405,000 after purchasing an additional 3,158 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Zuora by 2.7% during the 3rd quarter. California State Teachers Retirement System now owns 152,266 shares of the company’s stock valued at $1,124,000 after purchasing an additional 4,009 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC lifted its holdings in Zuora by 252.3% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 122,606 shares of the company’s stock valued at $905,000 after purchasing an additional 87,802 shares during the last quarter. 69.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ZUO shares. Craig Hallum cut their price target on shares of Zuora from $16.00 to $10.00 in a research report on Wednesday, December 7th. UBS Group lowered their target price on Zuora from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, December 9th. Finally, The Goldman Sachs Group began coverage on Zuora in a research note on Friday, October 21st. They set a “neutral” rating and a $9.00 target price for the company.

Zuora Company Profile

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Zuora, Inc, together with its subsidiaries, 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 orchestration engine that allows customers quote-to-revenue operations.