Zuora Inc (NYSE:ZUO) SVP Jennifer Pileggi sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 8th. The shares were sold at an average price of $19.67, for a total transaction of $196,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jennifer Pileggi also recently made the following trade(s):
- On Monday, December 10th, Jennifer Pileggi sold 10,000 shares of Zuora stock. The shares were sold at an average price of $18.12, for a total transaction of $181,200.00.
Shares of NYSE:ZUO opened at $19.97 on Friday. Zuora Inc has a 52 week low of $15.56 and a 52 week high of $37.78. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.07.
Zuora (NYSE:ZUO) last released its quarterly earnings results on Thursday, November 29th. The company reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.04). The company had revenue of $61.60 million during the quarter, compared to analyst estimates of $58.96 million. Zuora had a negative net margin of 32.02% and a negative return on equity of 54.38%. The company’s revenue was up 32.8% compared to the same quarter last year. Equities research analysts predict that Zuora Inc will post -0.8 EPS for the current fiscal year.
ZUO has been the subject of several recent analyst reports. Needham & Company LLC raised shares of Zuora from a “buy” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research note on Thursday, December 20th. Zacks Investment Research raised shares of Zuora from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Morgan Stanley lowered their target price on shares of Zuora from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 23rd. Finally, FBN Securities initiated coverage on shares of Zuora in a research note on Tuesday, October 16th. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $27.00.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Zuora in the second quarter valued at approximately $49,026,000. Vanguard Group Inc. boosted its holdings in shares of Zuora by 10.0% in the third quarter. Vanguard Group Inc. now owns 1,110,959 shares of the company’s stock valued at $25,674,000 after buying an additional 100,818 shares during the period. Vanguard Group Inc boosted its holdings in shares of Zuora by 10.0% in the third quarter. Vanguard Group Inc now owns 1,110,959 shares of the company’s stock valued at $25,674,000 after buying an additional 100,818 shares during the period. Glynn Capital Management LLC acquired a new position in shares of Zuora in the third quarter valued at approximately $13,122,000. Finally, Frontier Capital Management Co. LLC boosted its holdings in shares of Zuora by 347.9% in the third quarter. Frontier Capital Management Co. LLC now owns 550,663 shares of the company’s stock valued at $12,726,000 after buying an additional 427,730 shares during the period. Institutional investors own 22.00% of the company’s stock.
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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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