Zuora Inc (ZUO) SVP Sells $501,400.00 in Stock
Zuora Inc (NYSE:ZUO) SVP Jennifer Pileggi sold 20,000 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $25.07, for a total value of $501,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
ZUO stock traded up $0.50 during mid-day trading on Wednesday, reaching $26.01. 1,306,200 shares of the company traded hands, compared to its average volume of 1,250,309. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.06. Zuora Inc has a 52-week low of $18.75 and a 52-week high of $37.78.
Zuora (NYSE:ZUO) last posted its earnings results on Thursday, August 30th. The company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03. The company had revenue of $57.75 million for the quarter, compared to analysts’ expectations of $54.00 million. equities analysts predict that Zuora Inc will post -0.78 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of ZUO. Cornerstone Wealth Management LLC purchased a new position in Zuora during the 2nd quarter valued at about $335,000. Gilder Gagnon Howe & Co. LLC purchased a new position in Zuora during the 2nd quarter valued at about $21,901,000. Emerald Mutual Fund Advisers Trust purchased a new position in Zuora during the 2nd quarter valued at about $2,265,000. First Trust Advisors LP purchased a new position in Zuora during the 2nd quarter valued at about $2,557,000. Finally, Frontier Capital Management Co. LLC purchased a new position in Zuora during the 2nd quarter valued at about $3,344,000. 11.02% of the stock is owned by institutional investors and hedge funds.
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.
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