Avalara (AVLR) – We continue to rate this stock a SELL, but their metrics have the opportunity to undergo a re-rating. In addition, the company now has a long runway to grow gross margins. Avalara is a stock we cover in our General Portfolio of companies. 4% Dilution to raise nearly $240 million – One week prior to its one-year IPO anniversary at $24 IPO, this tax compliance company raised $237 million on June 10th at an issuance price of $69.40, adding to its $147 million in net cash. The secondary resulted in a relatively minor 4% dilution. No change […]
AVLR
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