Vigilare Wealth Management Sells 980 Shares of Avalara, Inc. (NYSE:AVLR)


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Vigilare Wealth Management reduced its position in shares of Avalara, Inc. (NYSE:AVLR) by 32.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,010 shares of the company’s stock after selling 980 shares during the period. Vigilare Wealth Management’s holdings in Avalara were worth $331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its stake in Avalara by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 10,008 shares of the company’s stock valued at $1,331,000 after buying an additional 85 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in Avalara by 4.5% in the third quarter. Vestmark Advisory Solutions Inc. now owns 2,323 shares of the company’s stock valued at $296,000 after acquiring an additional 100 shares during the period. Mission Creek Capital Partners Inc. lifted its holdings in Avalara by 2.2% in the third quarter. Mission Creek Capital Partners Inc. now owns 6,031 shares of the company’s stock valued at $768,000 after acquiring an additional 130 shares during the period. Spearhead Capital Advisors LLC increased its position in Avalara by 5.4% in the third quarter. Spearhead Capital Advisors LLC now owns 2,629 shares of the company’s stock worth $335,000 after buying an additional 135 shares in the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Avalara by 6.7% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,020 shares of the company’s stock worth $384,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 88.55% of the company’s stock.

Shares of AVLR stock traded up $0.16 on Thursday, reaching $158.55. 17,063 shares of the company’s stock were exchanged, compared to its average volume of 676,139. Avalara, Inc. has a 52 week low of $55.50 and a 52 week high of $184.41. The stock has a market capitalization of $13.41 billion, a PE ratio of -247.48 and a beta of 0.73. The company’s fifty day simple moving average is $168.98 and its 200 day simple moving average is $144.74.

Avalara (NYSE:AVLR) last issued its earnings results on Thursday, November 5th. The company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.26. Avalara had a negative return on equity of 6.97% and a negative net margin of 10.89%. The business had revenue of $127.88 million during the quarter, compared to analyst estimates of $116.25 million. During the same period in the previous year, the company posted ($0.01) EPS. Avalara’s revenue was up 29.8% on a year-over-year basis. Equities analysts predict that Avalara, Inc. will post -0.63 EPS for the current year.

In other Avalara news, Director William Ingram sold 25,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $145.76, for a total transaction of $3,644,000.00. Following the transaction, the director now directly owns 26,731 shares in the company, valued at $3,896,310.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Daniel E. Manning sold 381 shares of the company’s stock in a transaction on Wednesday, January 6th. The stock was sold at an average price of $157.01, for a total value of $59,820.81. Following the transaction, the chief accounting officer now owns 10,676 shares in the company, valued at $1,676,238.76. The disclosure for this sale can be found here. Insiders sold 309,818 shares of company stock valued at $50,348,913 over the last quarter. 4.00% of the stock is currently owned by company insiders.

AVLR has been the subject of several research analyst reports. Zacks Investment Research upgraded Avalara from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a research report on Wednesday, January 6th. Mizuho increased their target price on Avalara from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, November 6th. JPMorgan Chase & Co. cut Avalara from an “overweight” rating to a “neutral” rating and set a $195.00 price target for the company. in a report on Wednesday, December 9th. JMP Securities raised their price target on Avalara from $165.00 to $185.00 and gave the company an “outperform” rating in a report on Friday, November 6th. Finally, Raymond James restated a “buy” rating on shares of Avalara in a report on Wednesday, December 30th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Avalara currently has a consensus rating of “Buy” and an average target price of $171.88.

Avalara Profile

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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Institutional Ownership by Quarter for Avalara (NYSE:AVLR)

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