Vladimir Galkin Buys 57,920 Shares of Newegg Commerce, Inc. (NASDAQ:NEGG) Stock

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) major shareholder Vladimir Galkin purchased 57,920 shares of the stock in a transaction on Wednesday, July 9th. The shares were purchased at an average price of $21.77 per share, with a total value of $1,260,918.40. Following the acquisition, the insider directly owned 2,222,222 shares in the company, valued at $48,377,772.94. This represents a 2.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, July 15th, Vladimir Galkin bought 111,111 shares of Newegg Commerce stock. The stock was bought at an average price of $29.56 per share, with a total value of $3,284,441.16.
• On Monday, July 14th, Vladimir Galkin bought 222,222 shares of Newegg Commerce stock. The stock was bought at an average price of $41.14 per share, with a total value of $9,142,213.08.
• On Tuesday, July 8th, Vladimir Galkin bought 64,199 shares of Newegg Commerce stock. The stock was bought at an average price of $18.10 per share, with a total value of $1,162,001.90.

Newegg Commerce Price Performance

NEGG stock traded up $4.67 on Thursday, hitting $31.79. The company's stock had a trading volume of 1,764,913 shares, compared to its average volume of 205,325. The company has a quick ratio of 0.76, a current ratio of 1.16 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 $56.00. The firm has a 50 day moving average of $12.38 and a two-hundred day moving average of $8.75.

Hedge Funds Weigh In On Newegg Commerce

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Newegg Commerce by 69.1% during the 4th quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock worth $34,000 after buying an additional 34,900 shares during the last quarter. Jane Street Group LLC purchased a new position in Newegg Commerce during the 4th quarter worth $44,000. Squarepoint Ops LLC purchased a new position in Newegg Commerce during the 4th quarter worth $69,000. Finally, XTX Topco Ltd purchased a new position in shares of Newegg Commerce in the 1st quarter valued at about $55,000. Hedge funds and other institutional investors own 0.45% of the company's stock.

About Newegg Commerce

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.