Altshuler Shaham Ltd purchased a new position in shares of ChannelAdvisor Co. (NYSE:ECOM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,137 shares of the software maker’s stock, valued at approximately $45,000.

A number of other hedge funds have also recently modified their holdings of ECOM. Invesco Ltd. lifted its stake in ChannelAdvisor by 33.4% during the first quarter. Invesco Ltd. now owns 18,958 shares of the software maker’s stock worth $137,000 after purchasing an additional 4,742 shares during the last quarter. SG Americas Securities LLC lifted its stake in ChannelAdvisor by 44.1% during the second quarter. SG Americas Securities LLC now owns 14,909 shares of the software maker’s stock worth $236,000 after purchasing an additional 4,562 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in ChannelAdvisor by 141.7% during the second quarter. Assenagon Asset Management S.A. now owns 121,800 shares of the software maker’s stock worth $1,929,000 after purchasing an additional 71,417 shares during the last quarter. New York State Teachers Retirement System bought a new stake in ChannelAdvisor during the second quarter worth about $36,000. Finally, Stone Ridge Asset Management LLC lifted its stake in ChannelAdvisor by 8.1% during the second quarter. Stone Ridge Asset Management LLC now owns 30,650 shares of the software maker’s stock worth $485,000 after purchasing an additional 2,300 shares during the last quarter. 82.19% of the stock is owned by hedge funds and other institutional investors.

In other ChannelAdvisor news, CEO David J. Spitz sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $16.13, for a total transaction of $1,209,750.00. Following the transaction, the chief executive officer now owns 333,560 shares in the company, valued at approximately $5,380,322.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director M Scot Wingo sold 55,000 shares of the company’s stock in a transaction that occurred on Friday, November 13th. The stock was sold at an average price of $13.83, for a total value of $760,650.00. Insiders have sold a total of 234,275 shares of company stock valued at $3,373,673 in the last ninety days. 8.10% of the stock is currently owned by corporate insiders.

ECOM opened at $13.74 on Friday. The business has a 50 day simple moving average of $16.05 and a two-hundred day simple moving average of $15.43. The firm has a market capitalization of $398.46 million, a price-to-earnings ratio of 22.16 and a beta of 1.12. ChannelAdvisor Co. has a one year low of $4.39 and a one year high of $22.32.

ChannelAdvisor (NYSE:ECOM) last released its quarterly earnings results on Thursday, November 5th. The software maker reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $35.29 million during the quarter, compared to analyst estimates of $34.43 million. ChannelAdvisor had a return on equity of 16.97% and a net margin of 12.99%. ChannelAdvisor’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 EPS. On average, analysts anticipate that ChannelAdvisor Co. will post 0.57 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. B. Riley boosted their target price on ChannelAdvisor from $18.00 to $25.50 in a research note on Tuesday, August 4th. TheStreet raised ChannelAdvisor from a “c+” rating to a “b” rating in a research note on Friday, August 7th. Robert W. Baird lowered their target price on ChannelAdvisor from $20.00 to $18.00 in a research note on Thursday, November 5th. ValuEngine lowered ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Monday, November 16th. Finally, Zacks Investment Research lowered ChannelAdvisor from a “buy” rating to a “sell” rating in a research note on Tuesday, October 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $19.04.

About ChannelAdvisor

ChannelAdvisor Corporation provides software-as-a-service (SaaS) solutions in the United States and internationally. The company's SaaS, a cloud platform that helps brands and retailers to improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness.

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Institutional Ownership by Quarter for ChannelAdvisor (NYSE:ECOM)

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