Renaissance Technologies LLC raised its position in ChannelAdvisor Corporation (NYSE:ECOM) by 87.8% during the first quarter, Holdings Channel reports. The fund owned 238,076 shares of the software maker’s stock after buying an additional 111,276 shares during the period. Renaissance Technologies LLC’s holdings in ChannelAdvisor Corporation were worth $2,655,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ECOM. Teachers Advisors LLC raised its position in shares of ChannelAdvisor Corporation by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 36,234 shares of the software maker’s stock worth $520,000 after buying an additional 423 shares during the last quarter. American International Group Inc. raised its position in shares of ChannelAdvisor Corporation by 7.1% in the first quarter. American International Group Inc. now owns 14,290 shares of the software maker’s stock worth $159,000 after buying an additional 946 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of 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 last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of ChannelAdvisor Corporation by 44.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 20,365 shares of the software maker’s stock worth $227,000 after buying an additional 6,250 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of ChannelAdvisor Corporation by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 138,500 shares of the software maker’s stock worth $1,544,000 after buying an additional 7,208 shares during the last quarter. Hedge funds and other institutional investors own 80.12% of the company’s stock.

ChannelAdvisor Corporation (NYSE:ECOM) traded down 1.41% during mid-day trading on Tuesday, hitting $10.50. 2,803 shares of the company traded hands. The firm’s market capitalization is $277.53 million. ChannelAdvisor Corporation has a one year low of $9.85 and a one year high of $15.85. The firm has a 50 day moving average of $10.92 and a 200 day moving average of $11.38.

ChannelAdvisor Corporation (NYSE:ECOM) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.05. The firm had revenue of $30 million for the quarter, compared to the consensus estimate of $28.65 million. ChannelAdvisor Corporation had a negative return on equity of 7.63% and a negative net margin of 7.42%. The business’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. Equities research analysts expect that ChannelAdvisor Corporation will post ($0.02) earnings per share for the current fiscal year.

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A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of ChannelAdvisor Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of ChannelAdvisor Corporation from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Tuesday, June 13th. Robert W. Baird restated a “neutral” rating on shares of ChannelAdvisor Corporation in a research report on Monday, July 3rd. TheStreet lowered 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, five have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.50.

In other news, Director Marc Huffman bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $10.00 per share, with a total value of $100,000.00. Following the acquisition, the director now owns 36,411 shares of the company’s stock, valued at approximately $364,110. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider M Scot Wingo sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $11.57, for a total transaction of $173,550.00. Following the sale, the insider now directly owns 867,896 shares in the company, valued at approximately $10,041,556.72. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock worth $509,550 in the last ninety days. 11.30% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for ChannelAdvisor Corporation (NYSE:ECOM)

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