XTX Topco Ltd Invests $55,000 in Newegg Commerce, Inc. (NASDAQ:NEGG)

Key Points

• XTX Topco Ltd has acquired 215,174 shares of Newegg Commerce, Inc. for approximately $55,000, representing a 0.57% stake in the company.
• Major shareholder Vladimir Galkin significantly increased his holdings by purchasing 416,799 shares valued at over $12 million, bringing his total ownership to over 3.1 million shares.
• Newegg Commerce's stock price has dramatically fluctuated, registering a 1-year low of $3.32 and a high of $133.00.

XTX Topco Ltd bought a new position in shares of Newegg Commerce, Inc. (NASDAQ:NEGG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 215,174 shares of the company's stock, valued at approximately $55,000. XTX Topco Ltd owned 0.57% of Newegg Commerce at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NEGG. Renaissance Technologies LLC increased its stake in shares of 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 bought a new position in shares of Newegg Commerce during the fourth quarter worth approximately $44,000. Finally, Squarepoint Ops LLC bought a new position in shares of Newegg Commerce during the fourth quarter worth approximately $69,000. Institutional investors own 0.45% of the company's stock.

Insider Buying and Selling at Newegg Commerce

In related news, major shareholder Vladimir Galkin purchased 416,799 shares of Newegg Commerce stock in a transaction that occurred on Thursday, July 17th. The shares were acquired at an average price of $29.68 per share, with a total value of $12,370,594.32. Following the completion of the transaction, the insider directly owned 3,194,576 shares of the company's stock, valued at $94,815,015.68. This represents a 15.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased a total of 1,122,119 shares of company stock worth $36,361,527 in the last 90 days. 22.90% of the stock is currently owned by company insiders.

Newegg Commerce Trading Down 21.1%

Shares of NASDAQ NEGG opened at $101.02 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. Newegg Commerce, Inc. has a 1-year low of $3.32 and a 1-year high of $133.00. The business's 50 day moving average is $34.61 and its 200-day moving average is $15.92.

Newegg Commerce 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.

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