M Scot Wingo Sells 15,000 Shares of ChannelAdvisor Corporation (ECOM) Stock

ChannelAdvisor Corporation (NYSE:ECOM) insider M Scot Wingo sold 15,000 shares of ChannelAdvisor Corporation 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 completion of the sale, the insider now owns 852,896 shares of the company’s stock, valued at $9,458,616.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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) opened at 10.45 on Friday. ChannelAdvisor Corporation has a 12 month low of $9.85 and a 12 month high of $15.85. The stock’s 50 day moving average price is $10.95 and its 200-day moving average price is $11.46. The stock’s market cap is $276.20 million.

ChannelAdvisor Corporation (NYSE:ECOM) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.05. The firm had revenue of $30 million during the quarter, compared to analysts’ expectations of $28.65 million. ChannelAdvisor Corporation had a negative return on equity of 7.63% and a negative net margin of 7.42%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) earnings per share. Analysts anticipate that ChannelAdvisor Corporation will post ($0.02) EPS for the current fiscal year.

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Several equities research analysts have recently commented on the company. BidaskClub upgraded ChannelAdvisor Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded ChannelAdvisor Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Tuesday, June 13th. Robert W. Baird restated 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 research report on Monday, June 5th. Finally, ValuEngine raised ChannelAdvisor Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. ChannelAdvisor Corporation presently has a consensus rating of “Hold” and a consensus price target of $15.50.

Institutional investors have recently added to or reduced their stakes in the company. Shapiro Capital Management LLC increased its position in ChannelAdvisor Corporation by 0.6% in the second quarter. Shapiro Capital Management LLC now owns 3,779,475 shares of the software maker’s stock valued at $43,653,000 after buying an additional 22,458 shares during the period. Vanguard Group Inc. increased its position in ChannelAdvisor Corporation by 5.8% in the second quarter. Vanguard Group Inc. now owns 1,055,788 shares of the software maker’s stock valued at $12,194,000 after buying an additional 57,863 shares during the period. Northern Trust Corp increased its position in ChannelAdvisor Corporation by 14.8% in the second quarter. Northern Trust Corp now owns 421,849 shares of the software maker’s stock valued at $4,872,000 after buying an additional 54,473 shares during the period. State Street Corp increased its position in ChannelAdvisor Corporation by 2.8% in the fourth quarter. State Street Corp now owns 368,330 shares of the software maker’s stock valued at $5,285,000 after buying an additional 10,000 shares during the period. Finally, Renaissance Technologies LLC increased its position in ChannelAdvisor Corporation by 87.8% in the first quarter. Renaissance Technologies LLC now owns 238,076 shares of the software maker’s stock valued at $2,655,000 after buying an additional 111,276 shares during the period. Hedge funds and other institutional investors own 81.14% of the company’s stock.

About ChannelAdvisor Corporation

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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