Insider Buying: Newegg Commerce, Inc. (NASDAQ:NEGG) Major Shareholder Purchases 222,222 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) major shareholder Vladimir Galkin purchased 222,222 shares of Newegg Commerce stock in a transaction on Monday, July 14th. The stock was bought at an average price of $41.14 per share, for a total transaction of $9,142,213.08. Following the completion of the acquisition, the insider owned 2,444,444 shares in the company, valued at $100,564,426.16. The trade was a 10.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 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 Wednesday, July 9th, Vladimir Galkin purchased 57,920 shares of Newegg Commerce stock. The stock was acquired at an average price of $21.77 per share, with a total value of $1,260,918.40.
• On Tuesday, July 8th, Vladimir Galkin acquired 64,199 shares of Newegg Commerce stock. The shares were purchased at an average price of $18.10 per share, with a total value of $1,162,001.90.

Newegg Commerce Price Performance

NASDAQ:NEGG traded down $6.75 during trading hours on Tuesday, hitting $29.48. 1,678,692 shares of the company were exchanged, compared to its average volume of 192,765. Newegg Commerce, Inc. has a 52-week low of $3.32 and a 52-week high of $56.00. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.50. The company's 50 day moving average price is $10.74 and its 200-day moving average price is $8.30.

Institutional Trading of Newegg Commerce

Several large investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased 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 worth $34,000 after buying an additional 34,900 shares during the period. Jane Street Group LLC acquired a new position in shares of Newegg Commerce in the 4th quarter valued at $44,000. XTX Topco Ltd acquired a new position in shares of Newegg Commerce in the 1st quarter valued at $55,000. Finally, Squarepoint Ops LLC purchased a new stake in Newegg Commerce in the 4th quarter valued at $69,000. 0.45% of the stock is owned by hedge funds and other institutional investors.

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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