Janus Henderson Group PLC Has $22.27 Million Position in ChannelAdvisor Corp (ECOM)

Janus Henderson Group PLC lessened its holdings in ChannelAdvisor Corp (NYSE:ECOM) by 3.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,828,132 shares of the software maker’s stock after selling 71,826 shares during the period. Janus Henderson Group PLC owned 0.07% of ChannelAdvisor worth $22,267,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ECOM. Rhumbline Advisers increased its stake in ChannelAdvisor by 47.7% in the fourth quarter. Rhumbline Advisers now owns 34,855 shares of the software maker’s stock valued at $396,000 after acquiring an additional 11,254 shares during the period. BlackRock Inc. increased its stake in ChannelAdvisor by 0.6% in the third quarter. BlackRock Inc. now owns 1,705,886 shares of the software maker’s stock valued at $21,238,000 after acquiring an additional 9,334 shares during the period. Cannell Capital LLC increased its stake in ChannelAdvisor by 1,760.7% in the fourth quarter. Cannell Capital LLC now owns 625,156 shares of the software maker’s stock valued at $7,096,000 after acquiring an additional 591,559 shares during the period. Vanguard Group Inc increased its stake in ChannelAdvisor by 3.5% in the third quarter. Vanguard Group Inc now owns 1,206,443 shares of the software maker’s stock valued at $15,019,000 after acquiring an additional 40,794 shares during the period. Finally, Alambic Investment Management L.P. bought a new stake in ChannelAdvisor in the fourth quarter valued at about $209,000. 80.32% of the stock is owned by institutional investors and hedge funds.

In other news, insider M Scot Wingo sold 5,442 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $12.02, for a total transaction of $65,412.84. Following the transaction, the insider now directly owns 583,831 shares in the company, valued at $7,017,648.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 70,442 shares of company stock worth $882,013 over the last quarter. 8.10% of the stock is owned by company insiders.



ECOM has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $12.00 target price (down previously from $18.00) on shares of ChannelAdvisor in a research note on Friday, May 10th. Zacks Investment Research raised shares of ChannelAdvisor from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, February 20th. ValuEngine raised shares of ChannelAdvisor from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Finally, First Analysis cut shares of ChannelAdvisor from a “strong-buy” rating to an “outperform” rating and set a $10.02 target price on the stock. in a research note on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.01.

Shares of ChannelAdvisor stock opened at $9.78 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The stock has a market cap of $268.25 million, a price-to-earnings ratio of -37.62 and a beta of 0.08. ChannelAdvisor Corp has a 1-year low of $9.01 and a 1-year high of $15.63.

ChannelAdvisor (NYSE:ECOM) last issued its quarterly earnings data on Thursday, May 9th. The software maker reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.17. The firm had revenue of $31.57 million for the quarter, compared to analysts’ expectations of $31.79 million. ChannelAdvisor had a negative net margin of 5.16% and a negative return on equity of 7.02%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) earnings per share. As a group, equities analysts anticipate that ChannelAdvisor Corp will post -0.16 EPS for the current year.

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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 brands and retailers 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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Institutional Ownership by Quarter for ChannelAdvisor (NYSE:ECOM)

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