MORRISVILLE – The chief govt officer of ChannelAdvisor Corp., a supplier of cloud-based e-commerce providers, offered almost $2.5 million price of inventory final week, in response to a securities submitting.
David J. Spitz offered 75,000 shares of ChannelAdvisor on Wednesday at $16.13 per share and one other 81,721 shares on Thursday at $15.10 per share for a complete of $2,443,737.10, in response to a Kind four filed with the Securities and Trade Fee.
Spitz, who has been the CEO of ChannelAdvisor since 2006, now owns 251,839 shares within the firm, a place price round $3.81 million based mostly on Thursday’s closing share worth.
Final month, ChannelAdvisor reported better-than-expected earnings for the second quarter, as COVID-19 shutdowns spurred customers to make extra purchases on-line.
ChannelAdvisor Corp. (ECOM) inventory closed at $15.01 on Thursday, down $1.06, or 6.60 p.c.
The submitting might be discovered here.
This story is from the North Carolina Enterprise Information Wire, a service of UNC-Chapel Hill’s Faculty of Media and Journalism