ChannelAdvisor Corporation (NYSE:ECOM) Insider Sells $166,350.00 in Stock

ChannelAdvisor Corporation (NYSE:ECOM) insider M Scot Wingo sold 15,000 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $11.09, for a total transaction of $166,350.00. Following the sale, the insider now owns 852,896 shares of the company’s stock, valued at approximately $9,458,616.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Monday, June 19th, M Scot Wingo sold 15,000 shares of ChannelAdvisor Corporation stock. The stock was sold at an average price of $11.57, for a total transaction of $173,550.00.
  • On Wednesday, May 17th, M Scot Wingo sold 15,000 shares of ChannelAdvisor Corporation stock. The stock was sold at an average price of $11.31, for a total transaction of $169,650.00.

Shares of ChannelAdvisor Corporation (ECOM) opened at 11.20 on Thursday. The firm’s market cap is $294.90 million. The firm has a 50-day moving average of $11.60 and a 200 day moving average of $11.91. ChannelAdvisor Corporation has a 52-week low of $10.20 and a 52-week high of $15.91.

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A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of ChannelAdvisor Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Zacks Investment Research cut shares of ChannelAdvisor Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Robert W. Baird reiterated a “neutral” rating on shares of ChannelAdvisor Corporation in a research report on Monday, July 3rd. TheStreet cut shares of ChannelAdvisor Corporation from a “c-” rating to a “d+” rating in a research report on Monday, June 5th. Finally, ValuEngine upgraded shares of ChannelAdvisor Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. ChannelAdvisor Corporation has an average rating of “Hold” and a consensus target price of $15.50.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new position in ChannelAdvisor Corporation during the first quarter worth approximately $120,000. A.R.T. Advisors LLC bought a new position in ChannelAdvisor Corporation during the fourth quarter worth approximately $159,000. ClariVest Asset Management LLC bought a new position in ChannelAdvisor Corporation during the first quarter worth approximately $136,000. First Manhattan Co. bought a new position in ChannelAdvisor Corporation during the first quarter worth approximately $168,000. Finally, Acadian Asset Management LLC boosted its position in ChannelAdvisor Corporation 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 during the period. 81.60% of the stock is owned by hedge funds and other institutional investors.

ChannelAdvisor Corporation Company Profile

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.

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

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