Avalara Inc (NYSE:AVLR) insider Scott M. Mcfarlane sold 12,000 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $81.95, for a total value of $983,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of AVLR stock traded up $2.18 on Thursday, reaching $83.84. 619,170 shares of the stock were exchanged, compared to its average volume of 1,015,254. The stock has a market cap of $5.58 billion and a PE ratio of -77.63. The stock’s 50 day moving average price is $71.81. Avalara Inc has a 1-year low of $28.09 and a 1-year high of $83.94.

Avalara (NYSE:AVLR) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.15. The business had revenue of $85.00 million during the quarter, compared to the consensus estimate of $78.67 million. Avalara had a negative return on equity of 32.45% and a negative net margin of 23.56%. The firm’s revenue was up 38.4% on a year-over-year basis. On average, equities research analysts expect that Avalara Inc will post -0.55 earnings per share for the current fiscal year.

Several research analysts have weighed in on the company. KeyCorp reiterated a “buy” rating and issued a $65.00 price target on shares of Talend in a report on Wednesday, May 8th. JMP Securities boosted their price target on Pegasystems from $72.00 to $81.00 and gave the company a “market outperform” rating in a report on Wednesday, May 8th. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and set a $42.00 price objective (down from $45.00) on shares of Synaptics in a report on Friday, May 10th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $66.14.

Several hedge funds have recently added to or reduced their stakes in AVLR. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Avalara by 442.6% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,768,309 shares of the company’s stock worth $154,444,000 after buying an additional 2,258,145 shares during the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Avalara during the 1st quarter worth $101,595,000. Janus Henderson Group PLC increased its holdings in shares of Avalara by 7,090.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,588,160 shares of the company’s stock worth $88,603,000 after buying an additional 1,566,072 shares during the last quarter. Tensile Capital Management LLC increased its holdings in shares of Avalara by 213.6% during the 4th 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. Finally, FMR LLC increased its holdings in shares of Avalara by 128.3% during the 1st quarter. FMR LLC now owns 404,634 shares of the company’s stock worth $22,575,000 after buying an additional 227,359 shares during the last quarter. Institutional investors and hedge funds own 78.13% of the company’s stock.

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.

Featured Article: Understanding each part of a balance sheet

Insider Buying and Selling by Quarter for Avalara (NYSE:AVLR)

Receive News & Ratings for Avalara Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avalara and related companies with MarketBeat.com's FREE daily email newsletter.