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Insider Trends: ChannelAdvisor Insider Extends 90-Day Selling Trend

05/11/2021 13:29

05:26 PM EDT, 05/11/2021 (MT Newswires) -- On May 11, 2021, Janet Raye Cowell, Director, reported a sale of 20,000 shares in ChannelAdvisor (ECOM) for $457,000. Cowell, after the transactions defined in the SEC Form 4 filing, owns 40,829 shares of the company, which have a market value of $923,144 as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 16 insider transactions reported to the SEC for ChannelAdvisor. These transactions came from the activities of 6 separate insiders that resulted in a net disposition of 1,924 company shares. This compares with the preceding 90-day window of time where there were 4 transactions from 1 insider that resulted in the disposition of 255,000 shares.

This is lower than the average level of insider transactions in the 71-company Enterprise Software peer group over the last 90-day period. Activity in the peer group averaged 189.9 transactions per company, and disposition of 83,772 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1169652/000116965221000069/xslF345X03/wf-form4_162076825953585.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.