ChannelAdvisor Corporation (NYSE:ECOM) Director Joseph L. Cowan acquired 3,130 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was acquired at an average cost of $8.58 per share, with a total value of $26,855.40. Following the completion of the purchase, the director now owns 22,803 shares of the company’s stock, valued at $195,649.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of ChannelAdvisor Corporation (NYSE:ECOM) traded down $0.25 during trading hours on Monday, reaching $8.50. 76,000 shares of the company traded hands, compared to its average volume of 92,906. ChannelAdvisor Corporation has a one year low of $8.45 and a one year high of $15.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 1.94.

ChannelAdvisor Corporation (NYSE:ECOM) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. ChannelAdvisor Corporation had a negative net margin of 8.54% and a negative return on equity of 9.48%. The company had revenue of $30.10 million for the quarter, compared to the consensus estimate of $30.08 million. During the same quarter in the prior year, the company earned ($0.12) EPS. ChannelAdvisor Corporation’s quarterly revenue was up 7.5% on a year-over-year basis. analysts forecast that ChannelAdvisor Corporation will post -0.58 earnings per share for the current year.

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Several research firms have commented on ECOM. BidaskClub raised shares of ChannelAdvisor Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. DA Davidson began coverage on shares of ChannelAdvisor Corporation in a research report on Friday, September 22nd. They set a “neutral” rating and a $12.50 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $18.00 price target on shares of ChannelAdvisor Corporation in a research report on Sunday, September 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.13.

Hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC acquired a new stake in shares of ChannelAdvisor Corporation during the 2nd quarter worth approximately $26,368,000. Geode Capital Management LLC grew its stake in shares of ChannelAdvisor Corporation by 7.3% during the 1st quarter. Geode Capital Management LLC now owns 176,351 shares of the software maker’s stock worth $1,965,000 after purchasing an additional 11,937 shares during the period. Bank of New York Mellon Corp grew its stake in shares of ChannelAdvisor Corporation by 5.5% during the 1st quarter. Bank of New York Mellon Corp now owns 138,500 shares of the software maker’s stock worth $1,544,000 after purchasing an additional 7,208 shares during the period. OxFORD Asset Management LLP acquired a new stake in shares of ChannelAdvisor Corporation during the 2nd quarter worth approximately $412,000. Finally, Archon Capital Management LLC grew its stake in shares of ChannelAdvisor Corporation by 42.5% during the 2nd quarter. Archon Capital Management LLC now owns 588,510 shares of the software maker’s stock worth $6,797,000 after purchasing an additional 175,467 shares during the period. 80.77% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for ChannelAdvisor Corporation (NYSE:ECOM)

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