Newegg Commerce (NASDAQ:NEGG) Major Shareholder Vladimir Galkin Buys 11,111 Shares

Key Points

• Vladimir Galkin, a major shareholder of Newegg Commerce, acquired 11,111 shares at an average cost of $104.72 each, totaling approximately $1.16 million, increasing his ownership stake by 0.32%.
• Newegg's stock showed notable performance, trading up to $105.10 with a trading volume of 758,532 shares, significantly exceeding its average volume.
• Institutional interest in Newegg has risen, with Bank of America increasing its stake by over 10,000%, now owning 10,775 shares valued at approximately $175,000.

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) major shareholder Vladimir Galkin purchased 11,111 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was bought at an average price of $104.72 per share, for a total transaction of $1,163,543.92. Following the transaction, the insider directly owned 3,511,111 shares of the company's stock, valued at $367,683,543.92. This trade represents a 0.32% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Tuesday, July 29th, Vladimir Galkin purchased 138,757 shares of Newegg Commerce stock. The stock was bought at an average price of $42.33 per share, for a total transaction of $5,873,583.81.
• On Thursday, July 17th, Vladimir Galkin purchased 416,799 shares of Newegg Commerce stock. The stock was bought at an average price of $29.68 per share, for a total transaction of $12,370,594.32.
• On Thursday, July 17th, Vladimir Galkin purchased 111,111 shares of Newegg Commerce stock. The stock was bought at an average price of $29.41 per share, for a total transaction of $3,267,774.51.
• On Tuesday, July 15th, Vladimir Galkin purchased 111,111 shares of Newegg Commerce stock. The stock was bought at an average price of $29.56 per share, for a total transaction of $3,284,441.16.
• On Monday, July 14th, Vladimir Galkin purchased 222,222 shares of Newegg Commerce stock. The stock was bought at an average price of $41.14 per share, for a total transaction of $9,142,213.08.
• On Wednesday, July 9th, Vladimir Galkin purchased 57,920 shares of Newegg Commerce stock. The stock was bought at an average price of $21.77 per share, for a total transaction of $1,260,918.40.
• On Tuesday, July 8th, Vladimir Galkin purchased 64,199 shares of Newegg Commerce stock. The stock was 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 NASDAQ NEGG traded down $15.03 during mid-day trading on Friday, reaching $100.75. The company had a trading volume of 2,201,787 shares, compared to its average volume of 1,471,202. 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 one year low of $3.32 and a one year high of $137.84. The business's 50-day simple moving average is $43.96 and its 200 day simple moving average is $19.19.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NEGG. Renaissance Technologies LLC grew its position in 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 acquiring an additional 34,900 shares during the last quarter. Jane Street Group LLC bought a new position in Newegg Commerce in the fourth quarter valued at about $44,000. XTX Topco Ltd bought a new position in Newegg Commerce in the first quarter valued at about $55,000. FNY Investment Advisers LLC bought a new position in Newegg Commerce in the second quarter valued at about $64,000. Finally, Squarepoint Ops LLC bought a new position in Newegg Commerce in the fourth quarter valued at about $69,000. Institutional investors own 0.45% of the company's stock.

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.