The Insider Activity Report For Avalara Inc. (AVLR): Who’s Selling?

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BEPC Stock
BEPC Stock

Avalara Inc. (NYSE:AVLR) finished Thursday with an addition of $0.06 to close at $92.31, an upside of 0.07 percent. An average of 2,571,950 shares of common stock have been traded in the last five days. There was a fall of -$0.36 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 4,443,607 shares traded, while the 50-day average volume stands at 4,477,025.

AVLR stock has increased by 0.38% in the last month. The company shares reached their 1-month lowest point of $91.34 on 09/01/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $66.39 and a high of $190.21 in 52 weeks. It has reached a new high 1 time so far this year and lost -28.55% or -$36.87 in price. In spite of this, the price is down -51.47% from the 52-week high.


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Insider Transactions

11 days have passed since Avalara Inc. (AVLR) last reported insider trading activity. McFarlane Scott M most recently acquired $20,000 shares at $92.27 per share on Sep 12. In this transaction, the insider spent $1,845,400. McFarlane Scott M disposed of 20,000 shares at a price of $91.82 on Aug 10. The insider now owns more than $1,836,400 worth of shares. Prior to that, McFarlane Scott M went on to Sale 20,000 shares at $85.07 each on Jul 11. An amount of $1,701,350 was transacted.

Valuation Metrics

Avalara Inc. (AVLR) stock’s beta is 1.04. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.35, the price-to-book (PB) ratio at 7.91, and the price-to-cash flow ratio at 664.12.

Financial Health

The quick ratio of Avalara Inc. for the three months ended June 29 was 3.20, and the current ratio was 3.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.94 and a total debt to equity ratio of 0.94 for the quarter ending June 29. Its gross profit as reported stood at $494.14 million compared to revenue of $698.98 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Avalara Inc.’s return on assets was -6.20%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$55.85 million in the quarter, while revenues of -$32.56 million were grew 50.49%. The analyst consensus anticipated Avalara Inc.’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.02, a 71.40% surprise. For the quarter, EBITDA amounted to -$43.48 million. Shareholders own equity worth $88.27 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Avalara Inc. (AVLR) price momentum. RSI 9-day as of the close on 22 September was 51.28%, suggesting the stock is Neutral, with historical volatility in this time frame at 2.18%.

As of today, AVLR’s price is $92.30 -0.39% or -$0.36 from its 5-day moving average. AVLR is currently trading +0.01% higher than its 20-day SMA and +15.65% higher than its 100-day SMA. However, the stock’s current price level is +13.40% above the SMA50 and -37.67% below the SMA200.

The stochastic %K and %D were 51.67% and 55.30%, respectively, and the average true range (ATR) was 0.55. With the 14-day stochastic at 50.00% and the average true range at 0.85, the RSI (14) stands at 54.88%. The stock has reached -0.22 on the 9-day MACD Oscillator while the 14-day reading was at -0.08.

Analyst Ratings

JMP Securities downgraded Avalara Inc. (NYSE: AVLR) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as a Mkt outperform. The consensus rating for Avalara Inc. (AVLR) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell AVLR, while 12 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is AVLR’s price target for the next 12 months?

Analysts predict a range of price targets between $93.50 and $93.50, with a median target of $93.50. Taking a look at these predictions, the average price target given by analysts for Avalara Inc. (AVLR) stock is $93.50.

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