Newegg Commerce (NASDAQ:NEGG) Director Sells $690,600.00 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 20,000 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $34.53, for a total transaction of $690,600.00. Following the completion of the sale, the director directly owned 3,414,433 shares in the company, valued at $117,900,371.49. This represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Fred Faching Chang also recently made the following trade(s):

• On Friday, May 1st, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The stock was sold at an average price of $33.94, for a total value of $509,100.00.

Newegg Commerce Stock Performance

NASDAQ:NEGG traded down $3.53 during trading hours on Monday, reaching $30.58. 141,604 shares of the stock were exchanged, compared to its average volume of 72,226. Newegg Commerce, Inc. has a twelve month low of $3.40 and a twelve month high of $137.84. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $41.09 and a 200 day moving average of $53.73.

Newegg Commerce (NASDAQ:NEGG) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.38. The firm had revenue of $374.40 million for the quarter, compared to analyst estimates of $439.20 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Newegg Commerce in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Newegg Commerce has a consensus rating of “Sell”.

Hedge Funds Weigh In On Newegg Commerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEGG. Marshall Wace LLP bought a new position in shares of Newegg Commerce in the second quarter valued at about $4,281,000. UBS Group AG raised its holdings in Newegg Commerce by 242.0% in the 3rd quarter. UBS Group AG now owns 75,482 shares of the company’s stock valued at $3,166,000 after acquiring an additional 53,411 shares during the period. Hussman Strategic Advisors Inc. bought a new position in Newegg Commerce in the 3rd quarter valued at about $1,762,000. Jane Street Group LLC bought a new position in Newegg Commerce in the 4th quarter valued at about $2,042,000. Finally, BNP Paribas Financial Markets bought a new position in Newegg Commerce in the 3rd quarter valued at about $1,603,000. 0.45% of the stock is owned by institutional investors.

Newegg Commerce Company Profile

Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg’s business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.

In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.