Avalara Inc (NYSE:AVLR) insider Scott M. Mcfarlane sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $81.95, for a total transaction of $983,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of AVLR stock opened at $83.16 on Friday. The firm has a market cap of $5.82 billion and a P/E ratio of -77.00. Avalara Inc has a 52 week low of $28.09 and a 52 week high of $84.48. The stock’s 50 day moving average is $72.38.
Avalara (NYSE:AVLR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.15. The company had revenue of $85.00 million during the quarter, compared to the consensus estimate of $78.67 million. Avalara had a negative net margin of 23.56% and a negative return on equity of 32.45%. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. Analysts forecast that Avalara Inc will post -0.55 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC grew its position in shares of Avalara by 272.3% during the 1st quarter. Quantamental Technologies LLC now owns 1,117 shares of the company’s stock worth $62,000 after buying an additional 817 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Avalara during the 1st quarter worth approximately $89,000. Metropolitan Life Insurance Co. NY grew its position in shares of Avalara by 209.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,222 shares of the company’s stock worth $100,000 after buying an additional 2,180 shares during the period. Canton Hathaway LLC acquired a new stake in shares of Avalara during the 1st quarter worth approximately $131,000. Finally, Northern Trust Corp grew its position in shares of Avalara by 2.5% during the 4th quarter. Northern Trust Corp now owns 96,878 shares of the company’s stock worth $3,017,000 after buying an additional 2,388 shares during the period. 78.13% of the stock is owned by institutional investors.
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.
Featured Article: Differences Between Momentum Investing and Long Term Investing
Receive News & Ratings for Avalara Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avalara and related companies with MarketBeat.com's FREE daily email newsletter.