Riverbridge Partners buys $29,180,632 stake in ChannelAdvisor Corp (ECOM)

ChannelAdvisor Corp (ECOM) : Riverbridge Partners scooped up 245,387 additional shares in ChannelAdvisor Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,869,355 shares of ChannelAdvisor Corp which is valued at $29,180,632.ChannelAdvisor Corp makes up approximately 0.59% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in ECOM in the latest quarter, The investment management firm added 2,720 additional shares and now holds a total of 48,664 shares of ChannelAdvisor Corp which is valued at $759,645. Mizuho Securities Usa added ECOM to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $153,400. ChannelAdvisor Corp makes up approx 0.03% of Mizuho Securities Usa’s portfolio.

ChannelAdvisor Corp opened for trading at $15.58 and hit $15.76 on the upside on Thursday, eventually ending the session at $15.71, with a gain of 0.64% or 0.1 points. The heightened volatility saw the trading volume jump to 65,895 shares. Company has a market cap of $400 M.

On the company’s financial health, ChannelAdvisor Corp reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.14. The company had revenue of $27.10 million for the quarter, compared to analysts expectations of $26.99 million. The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

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.

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