215,174 Shares in Newegg Commerce, Inc. $NEGG Purchased by XTX Topco Ltd

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

A number of other institutional investors and hedge funds have also made changes to their positions in NEGG. Renaissance Technologies LLC raised its holdings in shares of Newegg Commerce by 69.1% in the fourth quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock valued at $34,000 after buying an additional 34,900 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Newegg Commerce in the fourth quarter valued at about $44,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Newegg Commerce in the fourth quarter valued at about $69,000. 0.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Newegg Commerce

In other news, major shareholder Vladimir Galkin purchased 416,799 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The stock was purchased at an average cost of $29.68 per share, with a total value of $12,370,594.32. Following the completion of the acquisition, the insider directly owned 3,194,576 shares of the company's stock, valued at approximately $94,815,015.68. This trade represents a 15.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have bought 1,133,230 shares of company stock worth $37,525,071 over the last three months. Corporate insiders own 22.90% of the company's stock.

Newegg Commerce Stock Up 23.8%

NASDAQ NEGG traded up $21.24 during trading hours on Wednesday, hitting $110.64. 1,586,501 shares of the stock were exchanged, compared to its average volume of 1,335,268. Newegg Commerce, Inc. has a 12-month low of $3.32 and a 12-month high of $133.00. The stock has a 50-day moving average of $40.02 and a 200 day moving average of $17.96. 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 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.