M Scot Wingo Sells 5,442 Shares of ChannelAdvisor Corp (ECOM) Stock

ChannelAdvisor Corp (NYSE:ECOM) insider M Scot Wingo sold 5,442 shares of the firm’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 completion of the transaction, the insider now owns 583,831 shares of the company’s stock, valued at approximately $7,017,648.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Friday, March 15th, M Scot Wingo sold 15,000 shares of ChannelAdvisor stock. The shares were sold at an average price of $12.34, for a total transaction of $185,100.00.
  • On Wednesday, February 13th, M Scot Wingo sold 1,583 shares of ChannelAdvisor stock. The shares were sold at an average price of $12.00, for a total transaction of $18,996.00.
  • On Friday, February 15th, M Scot Wingo sold 50,000 shares of ChannelAdvisor stock. The shares were sold at an average price of $12.63, for a total transaction of $631,500.00.

ChannelAdvisor stock opened at $11.43 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.06 and a quick ratio of 2.06. ChannelAdvisor Corp has a 52-week low of $9.55 and a 52-week high of $15.63. The company has a market cap of $331.07 million, a price-to-earnings ratio of -43.96 and a beta of 0.11.

ChannelAdvisor (NYSE:ECOM) last released its quarterly earnings results on Wednesday, February 13th. The software maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.17. ChannelAdvisor had a negative net margin of 5.79% and a negative return on equity of 8.01%. The firm had revenue of $34.79 million during the quarter, compared to analyst estimates of $34.70 million. During the same quarter last year, the business earned $0.08 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. Analysts forecast that ChannelAdvisor Corp will post -0.16 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in ECOM. Cannell Capital LLC raised its holdings in ChannelAdvisor by 1,760.7% during the 4th quarter. Cannell Capital LLC now owns 625,156 shares of the software maker’s stock worth $7,096,000 after purchasing an additional 591,559 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in ChannelAdvisor during the 4th quarter worth approximately $1,400,000. Renaissance Technologies LLC raised its holdings in ChannelAdvisor by 42.3% during the 3rd quarter. Renaissance Technologies LLC now owns 375,659 shares of the software maker’s stock worth $4,677,000 after purchasing an additional 111,659 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in ChannelAdvisor by 161.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 157,236 shares of the software maker’s stock worth $1,785,000 after purchasing an additional 96,983 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new position in ChannelAdvisor during the 4th quarter worth approximately $1,069,000. Hedge funds and other institutional investors own 80.62% of the company’s stock.

ECOM has been the subject of a number of research reports. Zacks Investment Research lowered shares of ChannelAdvisor from a “buy” rating to a “hold” rating in a report on Monday, January 14th. ValuEngine upgraded shares of ChannelAdvisor from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.67.

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

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