Zuora Inc (NYSE:ZUO) President Marc Diouane sold 34,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $25.90, for a total transaction of $885,780.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of NYSE:ZUO traded up $0.49 during trading hours on Friday, reaching $25.53. The stock had a trading volume of 2,054,563 shares, compared to its average volume of 2,030,429. Zuora Inc has a 1 year low of $18.75 and a 1 year high of $37.78. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.12 and a quick ratio of 2.12.

Zuora (NYSE:ZUO) last announced its quarterly earnings data on Thursday, August 30th. The company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03. The firm had revenue of $57.75 million during the quarter, compared to analysts’ expectations of $54.00 million. research analysts forecast that Zuora Inc will post -0.78 earnings per share for the current year.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Zuora in the 2nd quarter valued at approximately $49,026,000. Federated Investors Inc. PA acquired a new position in shares of Zuora in the 2nd quarter valued at $28,742,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Zuora in the 2nd quarter valued at $21,901,000. FMR LLC acquired a new position in shares of Zuora in the 2nd quarter valued at $11,476,000. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Zuora in the 2nd quarter valued at $8,325,000. 11.02% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on the stock. Canaccord Genuity increased their price objective on shares of Zuora from $26.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, August 31st. Morgan Stanley increased their price objective on shares of Zuora from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, August 31st. Jefferies Financial Group increased their price objective on shares of Zuora to $35.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Zacks Investment Research raised shares of Zuora from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Sunday, July 8th. Finally, Needham & Company LLC increased their price objective on shares of Zuora from $33.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, August 29th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $29.17.

About Zuora

Zuora, Inc 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 intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.

Further Reading: Fundamental Analysis and Individual Investors

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