Avalara Inc (NYSE:AVLR) insider Scott M. Mcfarlane sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $81.95, for a total transaction of $983,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of AVLR stock opened at $83.16 on Friday. The firm has a market cap of $5.82 billion and a P/E ratio of -77.00. Avalara Inc has a 52 week low of $28.09 and a 52 week high of $84.48. The stock’s 50 day moving average is $72.38.
Avalara (NYSE:AVLR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.15. The company had revenue of $85.00 million during the quarter, compared to the consensus estimate of $78.67 million. Avalara had a negative net margin of 23.56% and a negative return on equity of 32.45%. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. Analysts forecast that Avalara Inc will post -0.55 earnings per share for the current fiscal year.
Several research analysts have issued reports on AVLR shares. Needham & Company LLC restated a “buy” rating and set a $42.00 price target (down previously from $45.00) on shares of Synaptics in a report on Friday, May 10th. KeyCorp restated a “buy” rating and set a $65.00 price target on shares of Talend in a report on Wednesday, May 8th. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, JMP Securities raised their price target on shares of Pegasystems from $72.00 to $81.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Avalara currently has a consensus rating of “Buy” and an average target price of $66.14.
Several hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC grew its position in shares of Avalara by 272.3% during the 1st quarter. Quantamental Technologies LLC now owns 1,117 shares of the company’s stock worth $62,000 after buying an additional 817 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Avalara during the 1st quarter worth approximately $89,000. Metropolitan Life Insurance Co. NY grew its position in shares of Avalara by 209.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,222 shares of the company’s stock worth $100,000 after buying an additional 2,180 shares during the period. Canton Hathaway LLC acquired a new stake in shares of Avalara during the 1st quarter worth approximately $131,000. Finally, Northern Trust Corp grew its position in shares of Avalara by 2.5% during the 4th quarter. Northern Trust Corp now owns 96,878 shares of the company’s stock worth $3,017,000 after buying an additional 2,388 shares during the period. 78.13% of the stock is owned by institutional investors.
Avalara, Inc provides cloud-based solutions for transaction tax compliance worldwide. It offers a suite of compliance solutions that enable businesses to address the complexity of transaction tax compliance; process transactions in real time; produce detailed records of transaction tax determinations; and reduce errors, audit exposure, and total transaction tax compliance costs.
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