Swiss National Bank continued to hold its stake in shares of ChannelAdvisor Corporation (NYSE:ECOM) during the first quarter, Holdings Channel reports. The institutional investor owned 39,800 shares of the software maker’s stock at the end of the first quarter. Swiss National Bank’s holdings in ChannelAdvisor Corporation were worth $444,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ECOM. Bank of New York Mellon Corp increased its stake in shares of ChannelAdvisor Corporation by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 138,500 shares of the software maker’s stock valued at $1,544,000 after buying an additional 7,208 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of ChannelAdvisor Corporation during the first quarter valued at approximately $232,000. Acadian Asset Management LLC boosted its position in shares of ChannelAdvisor Corporation by 79.9% in the first quarter. Acadian Asset Management LLC now owns 13,259 shares of the software maker’s stock valued at $148,000 after buying an additional 5,890 shares during the last quarter. First Manhattan Co. acquired a new position in shares of ChannelAdvisor Corporation during the first quarter valued at approximately $168,000. Finally, Teachers Advisors LLC boosted its position in shares of ChannelAdvisor Corporation by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 36,234 shares of the software maker’s stock valued at $520,000 after buying an additional 423 shares during the last quarter. 81.60% of the stock is owned by institutional investors.

ChannelAdvisor Corporation (NYSE ECOM) opened at 11.20 on Thursday. The company’s 50-day moving average is $11.60 and its 200 day moving average is $11.91. ChannelAdvisor Corporation has a one year low of $10.20 and a one year high of $15.91. The firm’s market cap is $294.90 million.

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Several brokerages recently commented on ECOM. William Blair restated a “market perform” rating on shares of ChannelAdvisor Corporation in a report on Thursday, May 4th. BidaskClub cut shares of ChannelAdvisor Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday. ValuEngine cut shares of ChannelAdvisor Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of ChannelAdvisor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Finally, Robert W. Baird restated a “neutral” rating on shares of ChannelAdvisor Corporation in a report on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.50.

In other ChannelAdvisor Corporation news, insider M Scot Wingo sold 15,000 shares of ChannelAdvisor Corporation stock in a transaction on Monday, June 19th. The shares were sold at an average price of $11.57, for a total transaction of $173,550.00. Following the transaction, the insider now directly owns 867,896 shares of the company’s stock, valued at approximately $10,041,556.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 45,000 shares of company stock valued at $509,550 in the last 90 days. 11.30% of the stock is currently owned by company insiders.

About ChannelAdvisor Corporation

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.

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Institutional Ownership by Quarter for ChannelAdvisor Corporation (NYSE:ECOM)

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