Zuora, Inc. (NYSE:ZUO – Get Free Report) CFO Todd Mcelhatton sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $7.96, for a total value of $79,600.00. Following the sale, the chief financial officer now owns 199,654 shares in the company, valued at approximately $1,589,245.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Todd Mcelhatton also recently made the following trade(s):
- On Friday, October 6th, Todd Mcelhatton sold 23,168 shares of Zuora stock. The stock was sold at an average price of $7.98, for a total value of $184,880.64.
- On Wednesday, October 4th, Todd Mcelhatton sold 65,478 shares of Zuora stock. The stock was sold at an average price of $7.89, for a total value of $516,621.42.
- On Wednesday, September 20th, Todd Mcelhatton sold 10,000 shares of Zuora stock. The stock was sold at an average price of $8.68, for a total value of $86,800.00.
Zuora Stock Performance
Shares of NYSE ZUO opened at $7.98 on Wednesday. The stock has a fifty day moving average price of $9.18 and a two-hundred day moving average price of $9.60. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market cap of $1.12 billion, a P/E ratio of -9.73 and a beta of 1.82. Zuora, Inc. has a 1 year low of $5.45 and a 1 year high of $12.12.
Wall Street Analyst Weigh In
ZUO has been the topic of a number of research reports. Robert W. Baird initiated coverage on Zuora in a research report on Wednesday, July 12th. They set a “neutral” rating and a $12.00 price target on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $16.00 price objective on shares of Zuora in a report on Thursday, August 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of Zuora in a report on Wednesday, August 30th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.38.
Check Out Our Latest Report on Zuora
Institutional Investors Weigh In On Zuora
Large investors have recently modified their holdings of the stock. Legato Capital Management LLC lifted its holdings in shares of Zuora by 39.0% in the second quarter. Legato Capital Management LLC now owns 76,175 shares of the company’s stock valued at $836,000 after purchasing an additional 21,359 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Zuora by 70.4% in the second quarter. Nuveen Asset Management LLC now owns 2,324,567 shares of the company’s stock valued at $25,500,000 after purchasing an additional 960,540 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Zuora by 17.5% in the second quarter. Alliancebernstein L.P. now owns 134,041 shares of the company’s stock valued at $1,470,000 after purchasing an additional 19,975 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Zuora by 15.9% in the second quarter. Wells Fargo & Company MN now owns 63,755 shares of the company’s stock valued at $699,000 after purchasing an additional 8,769 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Zuora in the second quarter valued at $119,000. 72.42% of the stock is owned by institutional investors.
About Zuora
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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