M Scot Wingo Sells 3,250 Shares of ChannelAdvisor Co. (NYSE:ECOM) Stock

ChannelAdvisor Co. (NYSE:ECOMGet Rating) Director M Scot Wingo sold 3,250 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $22.79, for a total transaction of $74,067.50. Following the completion of the transaction, the director now directly owns 24,751 shares of the company’s stock, valued at $564,075.29. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, August 22nd, M Scot Wingo sold 3,250 shares of ChannelAdvisor stock. The shares were sold at an average price of $15.35, for a total transaction of $49,887.50.
  • On Wednesday, July 20th, M Scot Wingo sold 3,250 shares of ChannelAdvisor stock. The stock was sold at an average price of $14.91, for a total transaction of $48,457.50.

ChannelAdvisor Stock Performance

Shares of NYSE:ECOM remained flat at $22.79 during midday trading on Thursday. The company had a trading volume of 16,587 shares, compared to its average volume of 1,344,648. The stock has a fifty day moving average price of $16.96 and a 200 day moving average price of $15.55. The company has a market capitalization of $654.76 million, a PE ratio of 17.67 and a beta of 0.75. ChannelAdvisor Co. has a 1 year low of $11.89 and a 1 year high of $28.64.

ChannelAdvisor (NYSE:ECOMGet Rating) last issued its quarterly earnings data on Tuesday, August 9th. The software maker reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The firm had revenue of $42.80 million during the quarter, compared to the consensus estimate of $42.70 million. ChannelAdvisor had a return on equity of 7.11% and a net margin of 23.74%. On average, analysts expect that ChannelAdvisor Co. will post 0.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ECOM. DA Davidson downgraded shares of ChannelAdvisor from a “buy” rating to a “neutral” rating in a report on Wednesday, September 7th. William Blair cut shares of ChannelAdvisor from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 6th. B. Riley cut shares of ChannelAdvisor from a “buy” rating to a “neutral” rating and set a $23.10 price target on the stock. in a research note on Wednesday, September 7th. Robert W. Baird lifted their price target on shares of ChannelAdvisor from $17.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, September 7th. Finally, Needham & Company LLC lowered ChannelAdvisor from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $24.03.

Hedge Funds Weigh In On ChannelAdvisor

Several institutional investors have recently bought and sold shares of ECOM. Isthmus Partners LLC grew its position in shares of ChannelAdvisor by 110.8% during the first quarter. Isthmus Partners LLC now owns 89,712 shares of the software maker’s stock worth $1,487,000 after buying an additional 47,159 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in ChannelAdvisor during the first quarter worth approximately $60,000. Stansberry Asset Management LLC lifted its stake in ChannelAdvisor by 91.1% during the fourth quarter. Stansberry Asset Management LLC now owns 180,955 shares of the software maker’s stock worth $4,465,000 after purchasing an additional 86,274 shares during the last quarter. Royce & Associates LP lifted its stake in ChannelAdvisor by 84.3% during the first quarter. Royce & Associates LP now owns 803,768 shares of the software maker’s stock worth $13,318,000 after purchasing an additional 367,604 shares during the last quarter. Finally, Summit Creek Advisors LLC lifted its stake in ChannelAdvisor by 0.4% during the first quarter. Summit Creek Advisors LLC now owns 950,861 shares of the software maker’s stock worth $15,756,000 after purchasing an additional 3,664 shares during the last quarter. 94.31% of the stock is owned by institutional investors and hedge funds.

About ChannelAdvisor

(Get Rating)

ChannelAdvisor Corporation, together with its subsidiaries, provides software-as-a-service (SaaS) solutions in the United States and internationally. The company's SaaS is a cloud platform that helps brands and retailers to improve their e-commerce operations, expand to new channels, and grow sales.

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