Avalara Inc (NYSE:AVLR) insider Scott M. Mcfarlane sold 12,000 shares of the stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $55.48, for a total value of $665,760.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of NYSE:AVLR traded down $0.05 during midday trading on Thursday, reaching $55.80. The company’s stock had a trading volume of 191,338 shares, compared to its average volume of 884,568. Avalara Inc has a fifty-two week low of $28.09 and a fifty-two week high of $59.40. The firm has a market cap of $3.85 billion and a PE ratio of -51.67.
Avalara (NYSE:AVLR) last announced its earnings results on Tuesday, February 12th. The company reported ($0.26) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.01. The business had revenue of $76.90 million during the quarter, compared to analyst estimates of $71.24 million. The business’s revenue was up 32.6% compared to the same quarter last year. On average, analysts predict that Avalara Inc will post -0.86 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the company. Vista Equity Partners Management LLC increased its position in Avalara by 235.3% in the fourth quarter. Vista Equity Partners Management LLC now owns 234,700 shares of the company’s stock worth $7,311,000 after purchasing an additional 164,700 shares during the period. Tensile Capital Management LLC increased its position in Avalara by 213.6% in the fourth quarter. Tensile Capital Management LLC now owns 846,741 shares of the company’s stock worth $26,376,000 after purchasing an additional 576,741 shares during the period. Wells Fargo & Company MN increased its position in Avalara by 1,468.7% in the third quarter. Wells Fargo & Company MN now owns 4,706 shares of the company’s stock worth $164,000 after purchasing an additional 4,406 shares during the period. Rhumbline Advisers increased its position in Avalara by 80.3% in the fourth quarter. Rhumbline Advisers now owns 12,495 shares of the company’s stock worth $389,000 after purchasing an additional 5,566 shares during the period. Finally, Teachers Advisors LLC acquired a new stake in Avalara in the third quarter worth about $565,000. Institutional investors own 70.64% 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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