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.

How to Become a New Pot Stock Millionaire

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.

A number of brokerages have recently weighed in on ECOM. Needham & Company LLC dropped their price objective on shares of ChannelAdvisor from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. Stifel Nicolaus reissued a “buy” rating and set a $12.00 price objective (down from $13.00) on shares of ChannelAdvisor in a research note on Wednesday, February 14th. Dougherty & Co began coverage on shares of ChannelAdvisor in a research note on Tuesday, December 19th. They set a “neutral” rating for the company. ValuEngine cut shares of ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Finally, DA Davidson raised shares of ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 price objective for the company in a research note on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.38.

ILLEGAL ACTIVITY NOTICE: This piece of content was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/channeladvisor-corp-ecom-insider-m-scot-wingo-sells-40000-shares-of-stock/1940708.html.

About ChannelAdvisor

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 (NYSE:ECOM)

Receive News & Ratings for ChannelAdvisor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChannelAdvisor and related companies with MarketBeat.com's FREE daily email newsletter.