ChannelAdvisor Corp (NASDAQ:ECOM) CEO M Scot Wingo unloaded 124,032 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.37, for a total transaction of $4,014,915.84. Following the completion of the transaction, the chief executive officer now directly owns 1,398,858 shares of the company’s stock, valued at approximately $45,281,033. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of ChannelAdvisor Corp from $23.50 to $40.00 in a research note to investors on Monday, September 16th. They now have an “outperform” rating on the stock. Separately, analysts at BMO Capital Markets reiterated a “buy” rating on shares of ChannelAdvisor Corp in a research note to investors on Monday, September 9th. They now have a $24.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of ChannelAdvisor Corp from $25.00 to $35.00 in a research note to investors on Monday, September 9th. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average price target of $27.67.
Shares of ChannelAdvisor Corp (NASDAQ:ECOM) traded down 3.90% on Thursday, hitting $36.70. 54,837 shares of the company’s stock traded hands. ChannelAdvisor Corp has a one year low of $14.25 and a one year high of $41.25. The stock has a 50-day moving average of $36.51 and a 200-day moving average of $26.81. The company’s market cap is $832.1 million.
ChannelAdvisor Corp (NASDAQ:ECOM) last released its earnings data on Monday, October 28th. The company reported ($0.18) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.27) by $0.09. The company had revenue of $16.60 million for the quarter, compared to the consensus estimate of $15.86 million. The company’s quarterly revenue was up 27.7% on a year-over-year basis. Analysts expect that ChannelAdvisor Corp will post $-0.89 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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