Newegg Commerce, Inc. (NASDAQ:NEGG) Major Shareholder Buys $1,162,001.90 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) major shareholder Vladimir Galkin acquired 64,199 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was acquired at an average cost of $18.10 per share, for a total transaction of $1,162,001.90. Following the completion of the purchase, the insider owned 2,164,302 shares in the company, valued at $39,173,866.20. The trade was a 3.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's stock 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 acquired 111,111 shares of Newegg Commerce stock. The stock was acquired at an average cost of $29.56 per share, for a total transaction of $3,284,441.16.
• On Monday, July 14th, Vladimir Galkin acquired 222,222 shares of Newegg Commerce stock. The stock was acquired at an average cost of $41.14 per share, for a total transaction of $9,142,213.08.
• On Wednesday, July 9th, Vladimir Galkin acquired 57,920 shares of Newegg Commerce stock. The stock was acquired at an average cost of $21.77 per share, for a total transaction of $1,260,918.40.

Newegg Commerce Stock Up 17.2%

NASDAQ NEGG traded up $4.67 during trading hours on Thursday, reaching $31.79. The company's stock had a trading volume of 1,764,913 shares, compared to its average volume of 205,325. Newegg Commerce, Inc. has a fifty-two week low of $3.32 and a fifty-two week high of $56.00. The company's 50-day moving average is $12.38 and its two-hundred day moving average is $8.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.16 and a quick ratio of 0.76.

Institutional Investors Weigh In On Newegg Commerce

A number of large investors have recently added to or reduced their stakes in NEGG. Renaissance Technologies LLC boosted its stake in shares of 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 purchasing an additional 34,900 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Newegg Commerce during the 4th quarter worth about $44,000. XTX Topco Ltd acquired a new stake in shares of Newegg Commerce during the 1st quarter worth about $55,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Newegg Commerce during the 4th quarter worth about $69,000. 0.45% of the stock is owned by institutional investors and hedge funds.

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.