ChannelAdvisor Corp COO Unloads $673,750 in Stock (ECOM)
ChannelAdvisor Corp (NASDAQ:ECOM) COO David J. Spitz sold 25,000 shares of the stock on the open market in a transaction dated Thursday, June 26th. The shares were sold at an average price of $26.95, for a total transaction of $673,750.00. Following the completion of the transaction, the chief operating officer now directly owns 116,144 shares of the company’s stock, valued at approximately $3,130,081. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs cut their price target on shares of ChannelAdvisor Corp from $38.00 to $30.00 in a research note on Thursday, May 22nd. Separately, analysts at Canaccord Genuity set a $35.00 price target on shares of ChannelAdvisor Corp in a research note on Tuesday, May 6th. Finally, analysts at Raymond James cut their price target on shares of ChannelAdvisor Corp from $45.00 to $35.00 in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $35.20.
ChannelAdvisor Corp (NASDAQ:ECOM) traded up 0.57% on Friday, hitting $26.59. 1,579,991 shares of the company’s stock traded hands. ChannelAdvisor Corp has a 52-week low of $15.16 and a 52-week high of $49.90. The stock has a 50-day moving average of $21.92 and a 200-day moving average of $34.95. The company’s market cap is $653.5 million.
ChannelAdvisor Corp (NASDAQ:ECOM) last announced its earnings results on Monday, May 5th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.01. The company had revenue of $19.00 million for the quarter, compared to the consensus estimate of $18.97 million. The company’s revenue for the quarter was up 29.5% on a year-over-year basis. Analysts expect that ChannelAdvisor Corp will post $-1.00 EPS for the current fiscal year.
Channeladvisor Corporation is a provider of software-as-a-service, or SaaS, solutions that enables retailers and manufacturer customers to integrate, manage and optimize their merchandise sales across hundreds of online channels.
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