Avalara Inc (NYSE:AVLR) Insider Scott M. Mcfarlane Sells 12,000 Shares
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 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.
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