M Scot Wingo Sells 15,000 Shares of ChannelAdvisor Corp (ECOM) Stock

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ChannelAdvisor Corp (NYSE:ECOM) Chairman M Scot Wingo sold 15,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $12.34, for a total transaction of $185,100.00. Following the completion of the transaction, the chairman now owns 585,331 shares in the company, valued at $7,222,984.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • 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.

Shares of ChannelAdvisor stock opened at $12.29 on Friday. The company has a market capitalization of $336.10 million, a price-to-earnings ratio of -47.27 and a beta of 0.12. ChannelAdvisor Corp has a 52 week low of $8.75 and a 52 week high of $15.63. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.06.

ChannelAdvisor (NYSE:ECOM) last announced its quarterly earnings results on Wednesday, February 13th. The software maker reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.17. The company had revenue of $34.79 million for the quarter, compared to analyst estimates of $34.70 million. ChannelAdvisor had a negative net margin of 5.79% and a negative return on equity of 8.01%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 earnings per share. Analysts anticipate that ChannelAdvisor Corp will post -0.21 EPS for the current fiscal year.

ECOM has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of ChannelAdvisor from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, February 20th. ValuEngine upgraded shares of ChannelAdvisor from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.67.

Several hedge funds have recently bought and sold shares of ECOM. Cannell Capital LLC boosted its holdings in shares of 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. Assenagon Asset Management S.A. acquired a new stake in shares of ChannelAdvisor in the fourth quarter valued at approximately $1,400,000. Renaissance Technologies LLC boosted its holdings in shares of ChannelAdvisor by 42.3% in the third quarter. Renaissance Technologies LLC now owns 375,659 shares of the software maker’s stock valued at $4,677,000 after acquiring an additional 111,659 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of ChannelAdvisor by 161.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 157,236 shares of the software maker’s stock valued at $1,785,000 after acquiring an additional 96,983 shares during the period. Finally, Dupont Capital Management Corp acquired a new stake in shares of ChannelAdvisor in the fourth quarter valued at approximately $1,069,000. 81.95% of the stock is owned by institutional investors and hedge funds.

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ChannelAdvisor Company Profile

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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