ChannelAdvisor Corp (ECOM) Insider M Scot Wingo Sells 40,000 Shares of Stock
ChannelAdvisor Corp (NYSE:ECOM) insider M Scot Wingo sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $9.15, for a total transaction of $366,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of ChannelAdvisor Corp (ECOM) traded down $0.35 on Friday, hitting $9.05. 171,093 shares of the stock were exchanged, compared to its average volume of 55,598. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.89 and a current ratio of 1.89. ChannelAdvisor Corp has a fifty-two week low of $8.30 and a fifty-two week high of $12.65. The stock has a market cap of $250.09, a PE ratio of -14.37 and a beta of 0.13.
A number of hedge funds and other institutional investors have recently made changes to their positions in ECOM. Tower Research Capital LLC TRC boosted its position in ChannelAdvisor by 300.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,636 shares of the software maker’s stock worth $105,000 after acquiring an additional 8,729 shares during the last quarter. Prudential Financial Inc. acquired a new stake in ChannelAdvisor during the third quarter worth approximately $118,000. Voya Investment Management LLC acquired a new stake in ChannelAdvisor during the second quarter worth approximately $136,000. Stone Ridge Asset Management LLC acquired a new stake in ChannelAdvisor during the fourth quarter worth approximately $184,000. Finally, Wells Fargo & Company MN boosted its position in ChannelAdvisor by 2.4% during the second quarter. Wells Fargo & Company MN now owns 19,111 shares of the software maker’s stock worth $220,000 after acquiring an additional 446 shares during the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.
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.
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