Avalara, Inc. (NYSE:AVLR) Insider Sells $195,224.80 in Stock

Avalara, Inc. (NYSE:AVLR) insider Ross Tennenbaum sold 1,580 shares of Avalara stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $123.56, for a total value of $195,224.80. Following the completion of the transaction, the insider now directly owns 65,643 shares in the company, valued at $8,110,849.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ross Tennenbaum also recently made the following trade(s):

  • On Monday, May 17th, Ross Tennenbaum sold 1,580 shares of Avalara stock. The shares were sold at an average price of $120.96, for a total value of $191,116.80.
  • On Wednesday, April 7th, Ross Tennenbaum sold 5,522 shares of Avalara stock. The stock was sold at an average price of $140.31, for a total value of $774,791.82.
  • On Monday, April 5th, Ross Tennenbaum sold 1,579 shares of Avalara stock. The stock was sold at an average price of $140.86, for a total value of $222,417.94.
  • On Thursday, March 18th, Ross Tennenbaum sold 13,094 shares of Avalara stock. The stock was sold at an average price of $136.57, for a total value of $1,788,247.58.

Shares of NYSE AVLR opened at $135.50 on Friday. Avalara, Inc. has a twelve month low of $99.03 and a twelve month high of $185.37. The company has a market cap of $11.65 billion, a P/E ratio of -180.67 and a beta of 0.70. The firm has a 50 day moving average price of $135.10.

Avalara (NYSE:AVLR) last issued its quarterly earnings results on Thursday, May 6th. The company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.20. Avalara had a negative return on equity of 5.43% and a negative net margin of 11.77%. The business had revenue of $153.60 million during the quarter, compared to the consensus estimate of $143.12 million. During the same period in the previous year, the business earned ($0.05) EPS. The business’s quarterly revenue was up 37.9% on a year-over-year basis. As a group, research analysts anticipate that Avalara, Inc. will post -0.94 earnings per share for the current fiscal year.

Several research firms recently commented on AVLR. Canaccord Genuity reduced their price target on Avalara from $205.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, May 7th. Needham & Company LLC boosted their price target on Avalara from $190.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 11th. Mizuho reduced their price target on Avalara from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, May 7th. Zacks Investment Research raised Avalara from a “sell” rating to a “hold” rating in a research report on Monday, May 3rd. Finally, Stephens restated a “buy” rating and set a $177.00 price objective on shares of Avalara in a report on Friday, February 19th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $181.31.

Hedge funds and other institutional investors have recently modified their holdings of the company. TCI Wealth Advisors Inc. grew its stake in Avalara by 91.8% during the 1st quarter. TCI Wealth Advisors Inc. now owns 186 shares of the company’s stock worth $25,000 after buying an additional 89 shares during the last quarter. Penserra Capital Management LLC bought a new position in Avalara during the 4th quarter worth $28,000. Robeco Institutional Asset Management B.V. bought a new position in Avalara during the 4th quarter worth $55,000. Harvest Fund Management Co. Ltd bought a new position in Avalara during the 4th quarter worth $59,000. Finally, Eudaimonia Partners LLC grew its stake in Avalara by 37.5% during the 1st quarter. Eudaimonia Partners LLC now owns 550 shares of the company’s stock worth $73,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Avalara Company Profile

Avalara, Inc, together with its subsidiaries, provides cloud-based solutions for transaction tax compliance worldwide. The company 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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Insider Buying and Selling by Quarter for Avalara (NYSE:AVLR)

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