Zuora Inc (ZUO) SVP Jennifer Pileggi Sells 10,000 Shares

Zuora Inc (NYSE:ZUO) SVP Jennifer Pileggi sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $19.67, for a total transaction of $196,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jennifer Pileggi also recently made the following trade(s):

  • On Monday, December 10th, Jennifer Pileggi sold 10,000 shares of Zuora stock. The stock was sold at an average price of $18.12, for a total transaction of $181,200.00.

Shares of NYSE ZUO opened at $19.93 on Friday. Zuora Inc has a 1 year low of $15.56 and a 1 year high of $37.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.98 and a quick ratio of 1.98.

Zuora (NYSE:ZUO) last issued its quarterly earnings results on Thursday, November 29th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). Zuora had a negative net margin of 32.02% and a negative return on equity of 54.38%. The business had revenue of $61.60 million for the quarter, compared to analysts’ expectations of $58.96 million. Zuora’s quarterly revenue was up 32.8% on a year-over-year basis. On average, equities analysts forecast that Zuora Inc will post -0.8 EPS for the current fiscal year.

ZUO has been the subject of several research analyst reports. Needham & Company LLC dropped their target price on shares of Zuora from $38.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, November 30th. Morgan Stanley dropped 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 report on Tuesday, October 23rd. Zacks Investment Research raised shares of Zuora from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Finally, FBN Securities started coverage on shares of Zuora in a research report on Tuesday, October 16th. They set an “outperform” rating for the company. Four investment 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $27.00.

A number of hedge funds and other institutional investors have recently modified their holdings of ZUO. BlackRock Inc. purchased a new position in Zuora during the 2nd quarter valued at about $49,026,000. FMR LLC bought a new stake in Zuora during the 2nd quarter valued at about $11,476,000. Raymond James & Associates bought a new stake in Zuora during the 2nd quarter valued at about $546,000. Wolverine Asset Management LLC bought a new stake in Zuora during the 2nd quarter valued at about $1,632,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Zuora during the 2nd quarter valued at about $133,000. 22.00% of the stock is owned by institutional investors.

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Zuora Company Profile

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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