Fred Faching Chang Sells 12,564 Shares of Newegg Commerce (NASDAQ:NEGG) Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 12,564 shares of Newegg Commerce stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $15.13, for a total transaction of $190,093.32. Following the completion of the sale, the director owned 3,033,959 shares of the company’s stock, valued at $45,903,799.67. This represents a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.18, for a total value of $206,174.76.
• On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.62, for a total value of $212,150.84.
• On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.40, for a total transaction of $58,744.80.
• On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The stock was sold at an average price of $16.77, for a total value of $395,470.14.
• On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.87, for a total value of $56,846.34.

Newegg Commerce Trading Up 1.6%

Shares of NEGG opened at $14.67 on Friday. The business has a 50-day simple moving average of $15.83 and a two-hundred day simple moving average of $25.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 1.55. Newegg Commerce, Inc. has a 52 week low of $12.50 and a 52 week high of $96.29.

Newegg Commerce (NASDAQ:NEGG) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.51. The company had revenue of $320.41 million for the quarter, compared to analysts’ expectations of $439.20 million.

Hedge Funds Weigh In On Newegg Commerce

A number of hedge funds have recently made changes to their positions in NEGG. NewEdge Advisors LLC purchased a new stake in shares of Newegg Commerce during the third quarter worth about $30,000. Royal Bank of Canada boosted its stake in Newegg Commerce by 5,472.2% in the 4th quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock worth $51,000 after purchasing an additional 985 shares during the period. Squarepoint Ops LLC purchased a new stake in Newegg Commerce during the 4th quarter valued at approximately $251,000. Qube Research & Technologies Ltd purchased a new stake in Newegg Commerce during the 3rd quarter valued at approximately $207,000. Finally, Geode Capital Management LLC raised its position in shares of Newegg Commerce by 39.8% during the fourth quarter. Geode Capital Management LLC now owns 17,674 shares of the company’s stock valued at $897,000 after buying an additional 5,028 shares during the last quarter. Institutional investors own 0.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Newegg Commerce has a consensus rating of “Sell”.

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.