M Scot Wingo Sells 3,600 Shares of ChannelAdvisor Corp (ECOM) Stock

ChannelAdvisor Corp (NYSE:ECOM) insider M Scot Wingo sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $10.64, for a total transaction of $38,304.00. Following the completion of the sale, the insider now directly owns 644,607 shares in the company, valued at $6,858,618.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, October 16th, M Scot Wingo sold 4,700 shares of ChannelAdvisor stock. The shares were sold at an average price of $12.06, for a total transaction of $56,682.00.
  • On Tuesday, October 9th, M Scot Wingo sold 7,800 shares of ChannelAdvisor stock. The shares were sold at an average price of $13.57, for a total transaction of $105,846.00.

Shares of ChannelAdvisor stock traded down $0.35 on Friday, reaching $9.94. The company had a trading volume of 166,039 shares, compared to its average volume of 138,432. The company has a market capitalization of $281.04 million, a price-to-earnings ratio of -18.75 and a beta of 0.31. ChannelAdvisor Corp has a 52-week low of $8.45 and a 52-week high of $15.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.93 and a current ratio of 1.93.

ChannelAdvisor (NYSE:ECOM) last announced its earnings results on Thursday, November 8th. The software maker reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.06. ChannelAdvisor had a negative net margin of 6.64% and a negative return on equity of 10.13%. The firm had revenue of $32.30 million for the quarter, compared to the consensus estimate of $31.64 million. During the same period in the prior year, the firm earned ($0.15) EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts expect that ChannelAdvisor Corp will post -0.34 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC increased its stake in ChannelAdvisor by 51.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 14,645 shares of the software maker’s stock worth $206,000 after buying an additional 4,975 shares during the period. Northern Trust Corp increased its stake in ChannelAdvisor by 2.1% during the 2nd quarter. Northern Trust Corp now owns 320,067 shares of the software maker’s stock worth $4,497,000 after buying an additional 6,441 shares during the period. MetLife Investment Advisors LLC increased its stake in ChannelAdvisor by 68.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 17,505 shares of the software maker’s stock worth $218,000 after buying an additional 7,102 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in ChannelAdvisor by 13.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 69,346 shares of the software maker’s stock worth $974,000 after buying an additional 8,325 shares during the period. Finally, Rhumbline Advisers increased its stake in ChannelAdvisor by 40.4% during the 2nd quarter. Rhumbline Advisers now owns 32,176 shares of the software maker’s stock worth $452,000 after buying an additional 9,262 shares during the period. 74.60% of the stock is currently owned by hedge funds and other institutional investors.

ECOM has been the topic of a number of research analyst reports. ValuEngine raised shares of ChannelAdvisor from a “hold” rating to a “buy” rating in a research note on Monday, October 8th. B. Riley set a $31.00 price target on shares of ChannelAdvisor and gave the company a “buy” rating in a research note on Tuesday, November 6th. Zacks Investment Research raised shares of ChannelAdvisor from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, August 15th. Finally, Needham & Company LLC boosted their price target on shares of ChannelAdvisor from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, August 10th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. ChannelAdvisor presently has a consensus rating of “Buy” and an average price target of $17.71.

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About ChannelAdvisor

ChannelAdvisor Corporation provides software-as-a-service solutions in the United States and internationally. Its e-commerce cloud platform helps retailers and branded manufacturers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.

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