ChannelAdvisor Corp (ECOM) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $-0.04 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $-0.17. The company posted revenue of $26.35 million in the period, compared to analysts expectations of $24.97 million. The company’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.24 EPS.
ChannelAdvisor Corp opened for trading at $12.45 and hit $12.63 on the upside on Wednesday, eventually ending the session at $12.5, with a gain of 0.24% or 0.03 points. The heightened volatility saw the trading volume jump to 1,23,737 shares. Company has a market cap of $316 M.
In a different news, on Mar 17, 2016, M Scot Wingo (Executive Chairman) sold 50,000 shares at $10.86 per share price. According to the SEC, on Dec 15, 2015, Patrick J Kerins (director) sold 37,028 shares at $13.32 per share price. On Aug 12, 2015, David J Spitz (CEO) purchased 4,500 shares at $11.75 per share price, according to the Form-4 filing with the securities and exchange commission.
ChannelAdvisor Corporation is a provider of Software as a Service (SaaS) solutions. The Company’s SaaS solutions enable its retailer and manufacturer customers to integrate and manage their merchandise sales across various online channels. Through its platform the Company enables its customers to connect with various sources of demand for their products including e-commerce marketplaces such as eBay Amazon Newegg and Sears search engines and comparison shopping Websites such as Google Microsoft’s Bing and Nextag and other channels such as Facebook and Pinterest. The Company’s suite of solutions provides its customers with an integrated user interface to manage their product listings inventory availability pricing optimization search terms data analytics and other functions across the channels. The Company’s suite of solutions includes various modules such as Marketplaces Digital Marketing Where to Buy Webstores Amplifier and Rich Media.