ChannelAdvisor Corporation (NYSE:ECOM) insider M Scot Wingo sold 15,000 shares of the company’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $12.04, for a total value of $180,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
M Scot Wingo also recently made the following trade(s):
- On Monday, September 18th, M Scot Wingo sold 15,000 shares of ChannelAdvisor Corporation stock. The stock was sold at an average price of $11.72, for a total value of $175,800.00.
- On Tuesday, August 29th, M Scot Wingo sold 15,000 shares of ChannelAdvisor Corporation stock. The stock was sold at an average price of $10.41, for a total value of $156,150.00.
ChannelAdvisor Corporation (ECOM) traded down 1.75% during midday trading on Thursday, hitting $11.20. The company had a trading volume of 28,012 shares. The stock’s market cap is $296.03 million. ChannelAdvisor Corporation has a 52-week low of $9.80 and a 52-week high of $15.85. The stock’s 50-day moving average price is $11.61 and its 200-day moving average price is $11.32.
ChannelAdvisor Corporation (NYSE:ECOM) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.05). The company had revenue of $30.00 million for the quarter, compared to analyst estimates of $28.65 million. ChannelAdvisor Corporation had a negative return on equity of 7.63% and a negative net margin of 7.42%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. On average, equities research analysts expect that ChannelAdvisor Corporation will post ($0.03) EPS for the current fiscal year.
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A number of equities analysts have commented on ECOM shares. Needham & Company LLC reissued a “buy” rating and set a $18.00 target price on shares of ChannelAdvisor Corporation in a report on Sunday, September 17th. KeyCorp reissued a “hold” rating on shares of ChannelAdvisor Corporation in a report on Friday, August 25th. BidaskClub raised ChannelAdvisor Corporation from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. DA Davidson started coverage on ChannelAdvisor Corporation in a report on Friday, September 22nd. They set a “neutral” rating and a $12.50 target price for the company. Finally, Robert W. Baird reissued a “neutral” rating on shares of ChannelAdvisor Corporation in a report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.50.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in ChannelAdvisor Corporation by 7.3% during the 1st quarter. Geode Capital Management LLC now owns 176,351 shares of the software maker’s stock worth $1,965,000 after purchasing an additional 11,937 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in ChannelAdvisor Corporation in the 1st quarter valued at about $314,000. Bank of New York Mellon Corp boosted its position in ChannelAdvisor Corporation by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 138,500 shares of the software maker’s stock valued at $1,544,000 after buying an additional 7,208 shares during the last quarter. Archon Capital Management LLC boosted its position in ChannelAdvisor Corporation by 42.5% in the 2nd quarter. Archon Capital Management LLC now owns 588,510 shares of the software maker’s stock valued at $6,797,000 after buying an additional 175,467 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its stake in shares of ChannelAdvisor Corporation by 214.7% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 639,982 shares of the software maker’s stock valued at $7,392,000 after purchasing an additional 436,618 shares in the last quarter. Institutional investors own 81.49% of the company’s stock.
ChannelAdvisor Corporation Company Profile
Channeladvisor Corporation is a provider of Software as a service (SaaS) solutions. The Company’s SaaS solutions enable retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales via hundreds of online channels. The Company’s platform enable its customers to connect with new and existing sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg, Sears and Walmart, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and social channels, such as Facebook, Instagram and Pinterest.
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