Insider Selling: Avalara Inc (NYSE:AVLR) Insider Sells 2,265 Shares of Stock

Avalara Inc (NYSE:AVLR) insider Alesia Lee Pinney sold 2,265 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $79.26, for a total value of $179,523.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alesia Lee Pinney also recently made the following trade(s):

  • On Monday, June 10th, Alesia Lee Pinney sold 43,942 shares of Avalara stock. The shares were sold at an average price of $72.95, for a total value of $3,205,568.90.

Avalara stock opened at $83.84 on Friday. Avalara Inc has a 12 month low of $28.09 and a 12 month high of $83.94. The firm has a 50 day simple moving average of $72.07.

Avalara (NYSE:AVLR) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.15. The business had revenue of $85.00 million during the quarter, compared to analysts’ expectations of $78.67 million. Avalara had a negative return on equity of 32.45% and a negative net margin of 23.56%. Avalara’s revenue for the quarter was up 38.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Avalara Inc will post -0.55 EPS for the current fiscal year.

A number of analysts have recently commented on AVLR shares. JMP Securities boosted their price objective on Pegasystems from $72.00 to $81.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 8th. KeyCorp restated a “buy” rating and issued a $65.00 price objective on shares of Talend in a research report on Wednesday, May 8th. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $42.00 price objective (down from $45.00) on shares of Synaptics in a research report on Friday, May 10th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Avalara presently has a consensus rating of “Buy” and an average price target of $66.14.

Several institutional investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Avalara by 442.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,768,309 shares of the company’s stock worth $154,444,000 after acquiring an additional 2,258,145 shares during the last quarter. TimesSquare Capital Management LLC acquired a new stake in shares of Avalara in the first quarter worth approximately $101,595,000. Janus Henderson Group PLC boosted its stake in shares of Avalara by 7,090.1% in the first quarter. Janus Henderson Group PLC now owns 1,588,160 shares of the company’s stock worth $88,603,000 after acquiring an additional 1,566,072 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Avalara by 9.6% in the fourth quarter. BlackRock Inc. now owns 1,102,194 shares of the company’s stock worth $34,334,000 after acquiring an additional 96,093 shares during the last quarter. Finally, Tensile Capital Management LLC boosted its stake in shares of 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 acquiring an additional 576,741 shares during the last quarter. Institutional investors and hedge funds own 78.13% 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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Insider Buying and Selling by Quarter for Avalara (NYSE:AVLR)

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