Insider Sale: Chief Product & Tech Officer Peter Hirsch Sells 58,267 Shares of Zuora Inc (ZUO)

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Zuora Inc (ZUO, Financial), a company specializing in cloud-based subscription management software, recently saw a significant transaction by its Chief Product & Tech Officer, Peter Hirsch. On July 15, 2024, the insider sold 58,267 shares at a price of $9.06 per share, as detailed in the SEC Filing. Following this transaction, the insider now owns 14,566 shares of the company.

Over the past year, Peter Hirsch has sold a total of 110,434 shares and has not purchased any shares. This recent sale is part of a broader trend within Zuora Inc, where there have been no insider buys but 45 insider sells over the past year.

Zuora Inc's shares were trading at $9.06 on the day of the sale, giving the company a market cap of approximately $1.41 billion. According to the GF Value, the stock is currently Fairly Valued with a price-to-GF-Value ratio of 0.92.

The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.

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This insider activity and valuation metrics provide a snapshot of the current financial landscape and market sentiment surrounding Zuora Inc (ZUO, Financial).

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.