Avalara, Inc. (NYSE:AVLR) Insider Ross Tennenbaum Sells 744 Shares

Avalara, Inc. (NYSE:AVLRGet Rating) insider Ross Tennenbaum sold 744 shares of the firm’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $69.26, for a total value of $51,529.44. Following the completion of the sale, the insider now directly owns 85,350 shares of the company’s stock, valued at approximately $5,911,341. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Wednesday, April 6th, Ross Tennenbaum sold 3,675 shares of Avalara stock. The stock was sold at an average price of $99.65, for a total transaction of $366,213.75.
  • On Tuesday, March 15th, Ross Tennenbaum sold 1,436 shares of Avalara stock. The shares were sold at an average price of $75.74, for a total transaction of $108,762.64.
  • On Tuesday, February 15th, Ross Tennenbaum sold 1,580 shares of Avalara stock. The stock was sold at an average price of $100.82, for a total transaction of $159,295.60.

Shares of AVLR opened at $74.98 on Wednesday. Avalara, Inc. has a twelve month low of $67.59 and a twelve month high of $191.67. The company has a market capitalization of $6.59 billion, a P/E ratio of -51.01 and a beta of 0.94. The firm has a 50 day moving average of $89.42 and a 200 day moving average of $115.66. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.94.

Avalara (NYSE:AVLRGet Rating) last issued its earnings results on Thursday, May 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.20. Avalara had a negative return on equity of 9.58% and a negative net margin of 17.04%. The business had revenue of $204.53 million for the quarter, compared to the consensus estimate of $198.07 million. During the same period last year, the business posted ($0.30) EPS. The company’s revenue was up 33.2% compared to the same quarter last year. On average, sell-side analysts expect that Avalara, Inc. will post -1.32 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Glaxis Capital Management LLC purchased a new position in Avalara in the 1st quarter worth about $498,000. Pier Capital LLC grew its stake in shares of Avalara by 79.3% in the first quarter. Pier Capital LLC now owns 8,807 shares of the company’s stock worth $876,000 after acquiring an additional 3,895 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of Avalara by 17.7% during the first quarter. Mercer Global Advisors Inc. ADV now owns 2,616 shares of the company’s stock valued at $260,000 after purchasing an additional 394 shares during the last quarter. Tcwp LLC bought a new position in Avalara during the first quarter valued at approximately $62,000. Finally, B. Metzler seel. Sohn & Co. AG boosted its holdings in Avalara by 19.3% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 7,852 shares of the company’s stock worth $781,000 after purchasing an additional 1,273 shares during the last quarter. 92.20% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on AVLR. Citigroup started coverage on Avalara in a report on Tuesday, February 1st. They set a “buy” rating and a $130.00 target price on the stock. Zacks Investment Research raised Avalara from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Friday, April 22nd. Mizuho lowered their price objective on Avalara from $160.00 to $110.00 in a research report on Friday, May 6th. BMO Capital Markets boosted their target price on shares of Avalara from $130.00 to $138.00 and gave the company an “outperform” rating in a report on Friday, February 11th. Finally, Needham & Company LLC decreased their price target on shares of Avalara from $210.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 11th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $150.81.

About Avalara (Get Rating)

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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