Stone Ridge Asset Management LLC Takes $184,000 Position in ChannelAdvisor Corp (ECOM)

Stone Ridge Asset Management LLC bought a new stake in shares of ChannelAdvisor Corp (NYSE:ECOM) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 20,472 shares of the software maker’s stock, valued at approximately $184,000.

Other large investors also recently made changes to their positions in the company. Prudential Financial Inc. acquired a new stake in ChannelAdvisor during the 3rd quarter valued at approximately $118,000. Wells Fargo & Company MN grew its stake in ChannelAdvisor by 52.8% during the 3rd quarter. Wells Fargo & Company MN now owns 29,202 shares of the software maker’s stock valued at $336,000 after purchasing an additional 10,091 shares in the last quarter. OxFORD Asset Management LLP grew its stake in ChannelAdvisor by 39.6% during the 3rd quarter. OxFORD Asset Management LLP now owns 49,864 shares of the software maker’s stock valued at $574,000 after purchasing an additional 14,155 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its stake in ChannelAdvisor by 10.2% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 705,555 shares of the software maker’s stock valued at $8,114,000 after purchasing an additional 65,573 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in ChannelAdvisor during the 3rd quarter valued at approximately $571,000. Institutional investors and hedge funds own 74.58% of the company’s stock.

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ECOM has been the subject of a number of recent analyst reports. Zacks Investment Research lowered ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. DA Davidson upgraded ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 price objective for the company in a research note on Tuesday, February 6th. ValuEngine lowered ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Dougherty & Co initiated coverage on ChannelAdvisor in a research note on Tuesday, December 19th. They set a “neutral” rating for the company. Finally, Needham & Company LLC lowered their price objective on ChannelAdvisor from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. ChannelAdvisor has a consensus rating of “Hold” and an average price target of $12.38.

Shares of ECOM opened at $9.05 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 1.89. ChannelAdvisor Corp has a 52 week low of $8.30 and a 52 week high of $12.65.

ChannelAdvisor (NYSE:ECOM) last issued its earnings results on Tuesday, February 13th. The software maker reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The company had revenue of $34.11 million during the quarter, compared to analyst estimates of $34.39 million. ChannelAdvisor had a negative return on equity of 17.47% and a negative net margin of 13.51%. equities research analysts anticipate that ChannelAdvisor Corp will post -0.49 EPS for the current year.

In other news, insider M Scot Wingo sold 40,000 shares of ChannelAdvisor stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $9.15, for a total value of $366,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Cook bought 5,500 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was purchased at an average price of $8.87 per share, with a total value of $48,785.00. Following the transaction, the chief financial officer now owns 158,945 shares in the company, valued at approximately $1,409,842.15. The disclosure for this purchase can be found here. 7.80% of the stock is currently owned by company insiders.

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ChannelAdvisor 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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Institutional Ownership by Quarter for ChannelAdvisor (NYSE:ECOM)

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