Scott M. Mcfarlane Sells 20,000 Shares of Avalara, Inc. (NYSE:AVLR) Stock

Avalara, Inc. (NYSE:AVLR – Get Rating) insider Scott M. Mcfarlane sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $80.00, for a total transaction of $1,600,000.00. Following the transaction, the insider now owns 584,892 shares in the company, valued at approximately $46,791,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Avalara stock opened at $71.43 on Thursday. The company has a 50 day moving average price of $88.91 and a 200 day moving average price of $115.35. Avalara, Inc. has a 52 week low of $67.59 and a 52 week high of $191.67. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of -48.59 and a beta of 0.94.

Avalara (NYSE:AVLR – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.20. Avalara had a negative net margin of 17.04% and a negative return on equity of 9.58%. The firm had revenue of $204.53 million during the quarter, compared to analyst estimates of $198.07 million. During the same quarter last year, the business posted ($0.30) EPS. The company’s revenue was up 33.2% on a year-over-year basis. Equities analysts forecast that Avalara, Inc. will post -1.32 earnings per share for the current fiscal year.

AVLR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Avalara from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Friday, April 22nd. BMO Capital Markets raised their price objective on shares of Avalara from $130.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, February 11th. JMP Securities reiterated a “market outperform” rating on shares of Avalara in a research note on Friday, February 11th. Needham & Company LLC decreased their price target on shares of Avalara from $210.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 11th. Finally, Morgan Stanley decreased their price target on shares of Avalara from $216.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 24th. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $150.81.

Several large investors have recently modified their holdings of the business. Jeneq Management LP acquired a new stake in shares of Avalara during the 1st quarter valued at $498,000. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Avalara by 28.0% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,083 shares of the company’s stock valued at $406,000 after buying an additional 892 shares during the period. First Washington CORP boosted its stake in shares of Avalara by 19.0% during the 1st quarter. First Washington CORP now owns 54,736 shares of the company’s stock valued at $5,447,000 after buying an additional 8,747 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Avalara by 20.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 531,011 shares of the company’s stock valued at $52,841,000 after buying an additional 89,748 shares during the period. Finally, Raymond James & Associates boosted its stake in shares of Avalara by 66.8% during the 1st quarter. Raymond James & Associates now owns 105,262 shares of the company’s stock valued at $10,475,000 after buying an additional 42,137 shares during the period. 92.20% of the stock is owned by institutional investors.

Avalara Company Profile (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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