M Scot Wingo Sells 4,700 Shares of ChannelAdvisor Corp (ECOM) Stock

ChannelAdvisor Corp (NYSE:ECOM) insider M Scot Wingo sold 4,700 shares of ChannelAdvisor stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $12.06, for a total transaction of $56,682.00. Following the sale, the insider now owns 648,971 shares in the company, valued at $7,826,590.26. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Tuesday, October 9th, M Scot Wingo sold 7,800 shares of ChannelAdvisor stock. The stock was sold at an average price of $13.57, for a total transaction of $105,846.00.
  • On Wednesday, August 29th, M Scot Wingo sold 47,692 shares of ChannelAdvisor stock. The stock was sold at an average price of $13.02, for a total transaction of $620,949.84.

ChannelAdvisor stock opened at $12.12 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.83 and a quick ratio of 1.83. ChannelAdvisor Corp has a 52-week low of $8.30 and a 52-week high of $15.63. The company has a market cap of $330.39 million, a price-to-earnings ratio of -22.87 and a beta of 0.20.

ChannelAdvisor (NYSE:ECOM) last released its quarterly earnings results on Thursday, August 9th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10). ChannelAdvisor had a negative net margin of 8.13% and a negative return on equity of 12.48%. The firm had revenue of $32.66 million during the quarter, compared to analyst estimates of $31.46 million. During the same quarter last year, the business earned ($0.15) EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Analysts forecast that ChannelAdvisor Corp will post -0.34 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Zacks Investment Management bought a new position in ChannelAdvisor during the 2nd quarter worth approximately $595,000. Spark Investment Management LLC raised its holdings in ChannelAdvisor by 26.1% during the 2nd quarter. Spark Investment Management LLC now owns 181,700 shares of the software maker’s stock worth $2,552,000 after purchasing an additional 37,600 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings 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 purchasing an additional 8,325 shares during the last quarter. Strs Ohio bought a new position in ChannelAdvisor during the 2nd quarter worth approximately $331,000. Finally, Rhumbline Advisers raised its holdings 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 purchasing an additional 9,262 shares during the last quarter. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of ChannelAdvisor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. ValuEngine upgraded shares of ChannelAdvisor from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. B. Riley set a $18.00 target price on shares of ChannelAdvisor and gave the stock a “buy” rating in a research report on Friday, August 10th. Finally, Needham & Company LLC raised their price target on shares of ChannelAdvisor from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $15.86.

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

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