Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Zuora Inc. shares valued at $95,586 were sold by McElhatton Todd on Jul 11. At $9.56 per share, McElhatton Todd sold 10,000 shares. The insider’s holdings dropped to 79,185 shares worth approximately $0.61 million following the completion of this transaction.
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Also, McElhatton Todd sold 18,136 shares, netting a total of over 162,038 in proceeds. Following the sale of shares at $8.93 each, the insider now holds 89,185 shares.
Before that, Srinivasan Sri had sold 31,221 shares from its account. In a trade valued at $278,947, the Chief Product & Tech Officer traded Zuora Inc. shares for $8.93 each. Upon closing the transaction, the insider’s holdings decreased to 31,221 shares, worth approximately $0.53 million.
As published in a research note from Needham on October 11, 2021, Zuora Inc. [ZUO] has been rated up from a Hold to a Buy and the price target has been revised to $24. This represents a 68.08% premium over Wednesday’s closing price. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early October. As of September 30, 2021, Craig Hallum has initiated its “Buy” rating for ZUO. Earlier on April 08, 2021, Berenberg initiated its rating. Their recommendation was “a Buy” for ZUO stock.
Analyzing ZUO’s Price Performance
On Wednesday, Zuora Inc. [NYSE: ZUO] rose 2.68% to $7.66. The stock’s lowest price that day was $7.40, but it reached a high of $7.81 in the same session. During the last five days, there has been a drop of approximately -6.70%. Over the course of the year, Zuora Inc. shares have dropped approximately -58.99%. Shares of the company reached a 52-week high of $18.80 on 01/03/22 and a 52-week low of $7.40 on 09/21/22. A 50-day SMA is recorded $8.69, while a 200-day SMA reached $12.56. Nevertheless, trading volume fell to 1.04 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Zuora Inc. (ZUO)
According to the 24-hour chart, there is a support level at 7.44, which, if violated, would cause prices to drop to 7.21. In the upper region, resistance lies at 7.85. The next price resistance is at 8.03. RSI (Relative Strength Index) is 40.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 81.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Zuora Inc. subject to short interest?
Stocks of Zuora Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.71 million shares to 3.1 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.81 million shares. A decline of -22.9% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.4 of the overall float, the days-to-cover ratio (short ratio) decline to 2.4.
Which companies own the most shares of Zuora Inc. (ZUO)?
According to The Vanguard Group, Inc. filings, the company currently owns 11,333,719 shares, which is about 9.35% of the total ZUO shares outstanding. The investor’s shares have appreciated by 287,376 from its previous 13-F filing of 11046343.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $55,107,694. Brown Advisory LLC reduced a -8.81% interest valued at $37.16 million while Newton Investment Management Nort sold a -724,913 stake. A total of 236,310 shares of Zuora Inc. were sold by Baillie Gifford & Co. during the quarter, and 223,200 were bought by Archon Capital Management LLC. In its current portfolio, Manulife Investment Management holds 2,709,524 shares valued at $20.81 million.
In spite of this, 5 analysts ranked Zuora Inc. stock as a Buy at the end of 2022. On June 16, 2020, Northland Capital assigned a price target of “a Market perform” to the stock and initiated coverage with a $14.50.