ChannelAdvisor Corp (NYSE:ECOM) insider M Scot Wingo sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $11.31, for a total value of $169,650.00. Following the transaction, the insider now owns 882,896 shares of the company’s stock, valued at $9,985,553.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
M Scot Wingo also recently made the following trade(s):
- On Monday, April 17th, M Scot Wingo sold 15,000 shares of ChannelAdvisor Corp stock. The stock was sold at an average price of $11.34, for a total value of $170,100.00.
ChannelAdvisor Corp (NYSE:ECOM) traded up 0.218% during midday trading on Friday, reaching $11.475. The company’s stock had a trading volume of 29,233 shares. The stock’s market capitalization is $302.14 million. ChannelAdvisor Corp has a 52-week low of $10.20 and a 52-week high of $15.91. The firm has a 50-day moving average price of $11.50 and a 200 day moving average price of $12.66.
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A number of research firms have weighed in on ECOM. William Blair restated a “market perform” rating on shares of ChannelAdvisor Corp in a research report on Thursday, May 4th. ValuEngine upgraded ChannelAdvisor Corp from a “sell” rating to a “hold” rating in a research report on Thursday. TheStreet upgraded ChannelAdvisor Corp from a “d” rating to a “c-” rating in a research report on Friday, February 10th. Zacks Investment Research upgraded ChannelAdvisor Corp from a “hold” rating to a “strong-buy” rating and set a $13.00 target price for the company in a research report on Tuesday, April 11th. Finally, First Analysis downgraded ChannelAdvisor Corp from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, May 9th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. ChannelAdvisor Corp currently has an average rating of “Hold” and an average target price of $15.50.
Several hedge funds have recently modified their holdings of ECOM. Tudor Investment Corp ET AL bought a new stake in shares of ChannelAdvisor Corp during the first quarter worth $120,000. ClariVest Asset Management LLC bought a new stake in shares of ChannelAdvisor Corp during the first quarter worth $136,000. Acadian Asset Management LLC raised its stake in shares of ChannelAdvisor Corp by 79.9% in the first quarter. Acadian Asset Management LLC now owns 13,259 shares of the software maker’s stock worth $148,000 after buying an additional 5,890 shares in the last quarter. Ardsley Advisory Partners bought a new stake in shares of ChannelAdvisor Corp during the third quarter worth $155,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of ChannelAdvisor Corp during the fourth quarter worth $159,000. 83.64% of the stock is owned by institutional investors and hedge funds.
About ChannelAdvisor Corp
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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