Insider Buying: Newegg Commerce, Inc. (NASDAQ:NEGG) Major Shareholder Acquires 57,920 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) major shareholder Vladimir Galkin purchased 57,920 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were bought at an average price of $21.77 per share, for a total transaction of $1,260,918.40. Following the completion of the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Tuesday, July 8th, Vladimir Galkin purchased 64,199 shares of Newegg Commerce stock. The shares were bought at an average price of $18.10 per share, for a total transaction of $1,162,001.90.

Newegg Commerce Price Performance

Shares of NEGG stock traded down $13.02 during midday trading on Monday, reaching $36.22. 1,980,073 shares of the company were exchanged, compared to its average volume of 186,691. Newegg Commerce, Inc. has a 12 month low of $3.32 and a 12 month high of $56.00. The company's 50 day moving average price is $10.74 and its two-hundred day moving average price is $8.30. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.50.

Institutional Trading of Newegg Commerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in Newegg Commerce by 69.1% during the 4th quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock valued at $34,000 after purchasing an additional 34,900 shares during the period. Jane Street Group LLC acquired a new position in shares of Newegg Commerce in the fourth quarter worth $44,000. XTX Topco Ltd acquired a new position in shares of Newegg Commerce in the first quarter worth $55,000. Finally, Squarepoint Ops LLC bought a new stake in Newegg Commerce in the fourth quarter worth $69,000. 0.45% of the stock is owned by institutional investors and hedge funds.

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.

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