ChannelAdvisor Corp Director Unloads $1,328,171 in Stock (ECOM)
ChannelAdvisor Corp (NASDAQ:ECOM) Director Robert Hower sold 81,383 shares of ChannelAdvisor Corp stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $16.32, for a total value of $1,328,170.56. Following the sale, the director now directly owns 8,520 shares in the company, valued at approximately $139,046. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of ChannelAdvisor Corp (NASDAQ:ECOM) traded up 3.69% on Wednesday, hitting $16.57. 883,043 shares of the company’s stock traded hands. ChannelAdvisor Corp has a one year low of $15.31 and a one year high of $49.90. The stock’s 50-day moving average is $20.98 and its 200-day moving average is $29.15. The company’s market cap is $409.8 million.
ChannelAdvisor Corp (NASDAQ:ECOM) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.01. The company had revenue of $20.80 million for the quarter, compared to the consensus estimate of $20.00 million. During the same quarter in the previous year, the company posted ($0.25) earnings per share. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. Analysts expect that ChannelAdvisor Corp will post $-1.03 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of ChannelAdvisor Corp from $28.00 to $22.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus cut their price target on shares of ChannelAdvisor Corp from $40.00 to $30.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. ChannelAdvisor Corp has an average rating of “Buy” and a consensus target price of $33.22.
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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