Newegg Commerce, Inc. (NASDAQ:NEGG) Major Shareholder Acquires $9,142,213.08 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) major shareholder Vladimir Galkin acquired 222,222 shares of the business’s stock in a transaction on Monday, July 14th. The shares were bought at an average price of $41.14 per share, for a total transaction of $9,142,213.08. Following the acquisition, the insider owned 2,444,444 shares in the company, valued at approximately $100,564,426.16. This trade represents a 10.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Vladimir Galkin also recently made the following trade(s):

• On Wednesday, July 9th, Vladimir Galkin bought 57,920 shares of Newegg Commerce stock. The stock was acquired at an average price of $21.77 per share, for a total transaction of $1,260,918.40.
• On Tuesday, July 8th, Vladimir Galkin bought 64,199 shares of Newegg Commerce stock. The stock was acquired at an average price of $18.10 per share, for a total transaction of $1,162,001.90.

Newegg Commerce Trading Down 19.0%

Shares of NASDAQ NEGG opened at $29.33 on Wednesday. The business has a 50 day simple moving average of $11.91 and a 200 day simple moving average of $8.63. Newegg Commerce, Inc. has a 52 week low of $3.32 and a 52 week high of $56.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.16 and a quick ratio of 0.76.

Institutional Investors Weigh In On Newegg Commerce

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position in Newegg Commerce by 69.1% during the fourth quarter. Renaissance Technologies LLC now owns 85,422 shares of the company’s stock worth $34,000 after purchasing an additional 34,900 shares during the period. Jane Street Group LLC acquired a new position in shares of Newegg Commerce during the fourth quarter worth approximately $44,000. XTX Topco Ltd acquired a new position in shares of Newegg Commerce in the first quarter valued at $55,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Newegg Commerce in the fourth quarter valued at $69,000. Institutional investors own 0.45% of the company’s stock.

Newegg Commerce Company Profile

Newegg Commerce, Inc operates as an electronics-focused e-retailer in North America. The company offers desktops, laptops, gaming laptops, peripherals, and accessories; CPU/processors, graphic cards, motherboards, storage devices, and computer accessories; home video and audio, headphones, pro audio/video, cellphones, wearables, and digital cameras; display and printing, office technology furniture, office supplies, and mailing and inventory supplies; and software, digital downloads, warranty and services, 3rd party gift cards, and entertainment products.