Avalara Inc (NYSE:AVLR) insider Scott M. Mcfarlane sold 102,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $83.75, for a total transaction of $8,542,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Avalara stock traded up $0.94 during trading hours on Friday, reaching $85.32. 1,904,975 shares of the stock were exchanged, compared to its average volume of 999,319. The stock has a market cap of $6.37 billion, a P/E ratio of -79.00 and a beta of 0.59. Avalara Inc has a 52-week low of $28.09 and a 52-week high of $94.31. The firm’s 50 day moving average is $81.90 and its 200 day moving average is $64.63.
Avalara (NYSE:AVLR) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.08. The company had revenue of $91.30 million during the quarter, compared to the consensus estimate of $84.63 million. Avalara had a negative net margin of 20.13% and a negative return on equity of 23.05%. Avalara’s quarterly revenue was up 42.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.19) EPS. Equities research analysts anticipate that Avalara Inc will post -0.65 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp boosted its position in Avalara by 2.5% during the fourth quarter. Northern Trust Corp now owns 96,878 shares of the company’s stock worth $3,017,000 after purchasing an additional 2,388 shares during the period. Geode Capital Management LLC grew its holdings in shares of Avalara by 16.5% during the fourth quarter. Geode Capital Management LLC now owns 86,341 shares of the company’s stock worth $2,689,000 after purchasing an additional 12,198 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Avalara by 46.1% during the fourth quarter. Bank of America Corp DE now owns 13,841 shares of the company’s stock worth $431,000 after purchasing an additional 4,365 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in Avalara in the fourth quarter valued at about $206,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Avalara by 209.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,222 shares of the company’s stock valued at $100,000 after acquiring an additional 2,180 shares during the last quarter. Institutional investors and hedge funds own 80.07% 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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