Avalara Inc (NYSE:AVLR) insider Scott M. Mcfarlane sold 12,000 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $55.48, for a total value of $665,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of AVLR traded down $0.05 during trading hours on Thursday, reaching $55.80. The company’s stock had a trading volume of 191,338 shares, compared to its average volume of 884,568. The company has a market capitalization of $3.85 billion and a price-to-earnings ratio of -51.67. Avalara Inc has a 1-year low of $28.09 and a 1-year high of $59.40.
Avalara (NYSE:AVLR) last released its quarterly earnings data on Tuesday, February 12th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.01. The firm had revenue of $76.90 million during the quarter, compared to analyst estimates of $71.24 million. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. On average, equities analysts predict that Avalara Inc will post -0.86 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in AVLR. Tensile Capital Management LLC increased its holdings in Avalara by 213.6% in the fourth quarter. Tensile Capital Management LLC now owns 846,741 shares of the company’s stock worth $26,376,000 after buying an additional 576,741 shares during the last quarter. BlackRock Inc. increased its holdings in Avalara by 108.3% in the third quarter. BlackRock Inc. now owns 1,006,101 shares of the company’s stock worth $35,142,000 after buying an additional 523,098 shares during the last quarter. Vanguard Group Inc increased its holdings in Avalara by 78.8% in the third quarter. Vanguard Group Inc now owns 780,392 shares of the company’s stock worth $27,259,000 after buying an additional 343,950 shares during the last quarter. Vanguard Group Inc. increased its holdings in Avalara by 78.8% in the third quarter. Vanguard Group Inc. now owns 780,392 shares of the company’s stock worth $27,259,000 after buying an additional 343,950 shares during the last quarter. Finally, Vista Equity Partners Management LLC increased its holdings in Avalara by 235.3% in the fourth quarter. Vista Equity Partners Management LLC now owns 234,700 shares of the company’s stock worth $7,311,000 after buying an additional 164,700 shares during the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.
A number of equities analysts have recently weighed in on AVLR shares. Zacks Investment Research upgraded Avalara from a “sell” rating to a “hold” rating in a report on Monday, December 24th. JPMorgan Chase & Co. upgraded Avalara from a “neutral” rating to an “overweight” rating and set a $30.08 target price on the stock in a report on Thursday, December 13th. Needham & Company LLC started coverage on Avalara in a report on Thursday. They issued a “buy” rating on the stock. JMP Securities upped their target price on Avalara from $40.00 to $49.00 and gave the company a “market outperform” rating in a report on Wednesday, February 13th. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $50.00 target price on shares of Avalara in a report on Friday, February 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Avalara presently has a consensus rating of “Buy” and a consensus target price of $49.00.
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Avalara Company Profile
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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