Zuora, Inc. (NYSE:ZUO) CFO Todd Mcelhatton Sells 38,323 Shares of Stock

Zuora, Inc. (NYSE:ZUO – Free Report) CFO Todd Mcelhatton sold 38,323 shares of Zuora stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $10.08, for a total transaction of $386,295.84. Following the completion of the transaction, the chief financial officer now directly owns 177,875 shares in the company, valued at approximately $1,792,980. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

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• On Monday, April 10th, Todd Mcelhatton sold 7,500 shares of Zuora stock. The shares were sold at an average price of $9.00, for a total transaction of $67,500.00.

Zuora Price Performance

NYSE ZUO opened at $10.10 on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.05. The firm’s fifty day moving average price is $9.84 and its two-hundred day moving average price is $8.75. Zuora, Inc. has a 1 year low of $5.45 and a 1 year high of $12.12.

Institutional Trading of Zuora

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC acquired a new position in shares of Zuora in the fourth quarter valued at $28,000. Nisa Investment Advisors LLC increased its holdings in shares of Zuora by 8,200.0% in the first quarter. Nisa Investment Advisors LLC now owns 3,320 shares of the company’s stock valued at $33,000 after purchasing an additional 3,280 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Zuora by 164.0% in the third quarter. Tower Research Capital LLC TRC now owns 8,629 shares of the company’s stock valued at $63,000 after purchasing an additional 5,360 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Zuora in the fourth quarter valued at $65,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Zuora in the third quarter valued at $76,000. 72.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ZUO. Jefferies Financial Group boosted their price objective on shares of Zuora to $10.00 in a research report on Wednesday, March 15th. Lake Street Capital boosted their price objective on shares of Zuora from $11.00 to $12.00 in a research report on Thursday, May 25th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Zuora currently has an average rating of “Moderate Buy” and an average price target of $13.38.

Zuora Company Profile

(Free Report)

Zuora, Inc, together with its subsidiaries, provides cloud-based subscription management platform that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora platform that acts as an orchestration engine that allows customers quote-to-cash and revenue operations; and Zuora Billing that helps customers to set payment terms, manage hierarchical billing relationships, consolidate invoicing across multiple subscriptions, and tax transactions.

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