Insider Selling: ChannelAdvisor Corporation (ECOM) Insider Sells 15,000 Shares of Stock

ChannelAdvisor Corporation (NYSE:ECOM) insider M Scot Wingo sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $11.09, for a total value of $166,350.00. Following the sale, the insider now directly owns 852,896 shares in the company, valued at approximately $9,458,616.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

M Scot Wingo also recently made the following trade(s):

  • On Monday, June 19th, M Scot Wingo sold 15,000 shares of ChannelAdvisor Corporation stock. The stock was sold at an average price of $11.57, for a total value of $173,550.00.
  • On Wednesday, May 17th, M Scot Wingo sold 15,000 shares of ChannelAdvisor Corporation stock. The stock was sold at an average price of $11.31, for a total value of $169,650.00.

ChannelAdvisor Corporation (NYSE:ECOM) traded down 2.21% during trading on Monday, hitting $11.05. 66,333 shares of the stock traded hands. The company’s 50 day moving average is $11.67 and its 200 day moving average is $12.27. ChannelAdvisor Corporation has a one year low of $10.20 and a one year high of $15.91. The company’s market capitalization is $290.95 million.

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Several large investors have recently modified their holdings of ECOM. Tower Research Capital LLC TRC raised its stake in shares of ChannelAdvisor Corporation by 1,117.0% in the first quarter. Tower Research Capital LLC TRC now owns 14,239 shares of the software maker’s stock worth $159,000 after buying an additional 13,069 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of ChannelAdvisor Corporation by 172.5% in the first quarter. Goldman Sachs Group Inc. now owns 33,178 shares of the software maker’s stock worth $370,000 after buying an additional 21,002 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of ChannelAdvisor Corporation during the first quarter worth approximately $120,000. potrero capital research llc bought a new stake in shares of ChannelAdvisor Corporation during the first quarter worth approximately $1,961,000. Finally, Bank of America Corp DE raised its stake in shares of ChannelAdvisor Corporation by 9.2% in the first quarter. Bank of America Corp DE now owns 97,119 shares of the software maker’s stock worth $1,084,000 after buying an additional 8,187 shares during the last quarter. Institutional investors and hedge funds own 81.60% of the company’s stock.

Several brokerages recently commented on ECOM. Zacks Investment Research raised ChannelAdvisor Corporation from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a report on Tuesday, April 11th. Robert W. Baird reissued a “neutral” rating on shares of ChannelAdvisor Corporation in a report on Monday, July 3rd. TheStreet cut ChannelAdvisor Corporation from a “c-” rating to a “d+” rating in a report on Monday, June 5th. William Blair reaffirmed a “market perform” rating on shares of ChannelAdvisor Corporation in a report on Thursday, May 4th. Finally, ValuEngine cut ChannelAdvisor Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. ChannelAdvisor Corporation currently has an average rating of “Hold” and a consensus price target of $15.50.

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.

Insider Buying and Selling by Quarter for ChannelAdvisor Corporation (NYSE:ECOM)

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