Transaction tax

Harel Insurance Investments & Financial Services Ltd. holds a $51,000 equity position in Avalara, Inc. (NYSE: AVLR)


Harel Insurance Investments & Financial Services Ltd. reduced its position in shares of Avalara, Inc. (NYSE: AVLRGet a rating) by 48.2% in the first quarter, Holdings Channel.com reports. The company held 510 shares of the company after selling 475 shares during the period. The holdings of Harel Insurance Investments & Financial Services Ltd. in Avalara were worth $51,000 when it was last filed with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Koshinski Asset Management Inc. increased its position in Avalara shares by 86.8% in the first quarter. Koshinski Asset Management Inc. now owns 353 shares of the company worth $35,000 after purchasing an additional 164 shares in the last quarter. National Bank of Canada FI acquired a new stake in Avalara stock in the fourth quarter worth approximately $39,000. Pinebridge Investments LP acquired a new stake in Avalara stock in the fourth quarter worth approximately $39,000. Fifth Third Bancorp acquired a new stake in Avalara stock in the first quarter worth approximately $41,000. Finally, Robeco Institutional Asset Management BV acquired a new equity stake in Avalara in the first quarter worth approximately $52,000. Institutional investors and hedge funds hold 92.20% of the company’s shares.

Analyst upgrades and downgrades

A number of analysts have weighed in on the company. Bank of America downgraded Avalara from a “buy” to a “neutral” rating and lowered its price target for the stock from $140.00 to $100.00 in a Monday, April 25 research report . Goldman Sachs Group cut its price target on Avalara from $123.00 to $109.00 and set a “buy” rating for the company in a Thursday, July 14 research report. Mizuho reduced its price target on Avalara from $160.00 to $110.00 in a Friday, May 6 research report. Canaccord Genuity Group cut its price target on Avalara from $140.00 to $100.00 and set a “buy” rating for the company in a Friday, May 6 research report. Finally, Piper Sandler reduced her price target on Avalara from $135.00 to $118.00 and set an “overweight” rating for the company in a Monday, July 18 research report. One financial analyst gave the stock a hold rating and fourteen gave the stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $139.29.

Insider activity

In other news, Insider Scott M. Mcfarlane sold 20,000 shares of the company in a transaction that took place on Tuesday, May 10. The stock was sold at an average price of $80.00, for a total value of $1,600,000.00. Following the sale, the insider now directly owns 584,892 shares of the company, valued at approximately $46,791,360. The transaction was disclosed in an SEC filing, available at the SEC website. In other news, insider Scott M. Mcfarlane sold 20,000 shares of the company in a trade that took place on Tuesday, May 10. The stock was sold at an average price of $80.00, for a total value of $1,600,000.00. Following the sale, the insider now directly owns 584,892 shares of the company, valued at approximately $46,791,360. The transaction was disclosed in an SEC filing, available at the SEC website. Also, insider Ross Tennenbaum sold 744 shares of the company in a transaction that took place on Friday, May 6. The shares were sold at an average price of $69.26, for a total value of $51,529.44. Following the completion of the sale, the insider now owns 85,350 shares of the company, valued at $5,911,341. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 60,744 shares of the company worth $4,985,329. Insiders of the company own 2.40% of the shares of the company.

Avalara Price Performance

Shares of AVLR opened at $89.37 on Monday. Avalara, Inc. has a 12-month low of $66.39 and a 12-month high of $191.67. The company has a debt ratio of 0.93, a quick ratio of 3.15 and a current ratio of 3.15. The stock’s 50-day moving average price is $80.22 and its 200-day moving average price is $89.96.

Avalara (NYSE: AVLRGet a rating) last released its quarterly earnings data on Thursday, May 5. The company reported ($0.29) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.08. Avalara had a negative return on equity of 9.62% and a negative net margin of 17.04%. The company posted revenue of $204.53 million for the quarter, versus analyst estimates of $198.07 million. During the same period of the previous year, the company posted an EPS of ($0.30). The company’s revenue increased by 33.2% compared to the same quarter last year. On average, analysts predict Avalara, Inc. will post -1.38 earnings per share for the current year.

Avalara Company Profile

(Get a rating)

Avalara, Inc, together with its subsidiaries, provides cloud-based solutions for transactional tax compliance worldwide. The company offers a suite of compliance solutions that enable businesses to tackle the complexity of transactional 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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Want to see which other hedge funds hold AVLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avalara, Inc. (NYSE: AVLRGet a rating).

Institutional ownership by quarter for Avalara (NYSE:AVLR)



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