Vladimir Galkin Acquires 222,222 Shares of Newegg Commerce, Inc. (NASDAQ:NEGG) Stock

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) major shareholder Vladimir Galkin bought 222,222 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was bought at an average cost of $41.14 per share, for a total transaction of $9,142,213.08. Following the completion of the transaction, the insider directly owned 2,444,444 shares in the company, valued at approximately $100,564,426.16. The trade was a 10.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

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

• On Thursday, July 17th, Vladimir Galkin acquired 111,111 shares of Newegg Commerce stock. The shares were acquired at an average cost of $29.41 per share, for a total transaction of $3,267,774.51.
• On Tuesday, July 15th, Vladimir Galkin bought 111,111 shares of Newegg Commerce stock. The stock was purchased at an average cost of $29.56 per share, for a total transaction of $3,284,441.16.
• On Wednesday, July 9th, Vladimir Galkin bought 57,920 shares of Newegg Commerce stock. The stock was purchased at an average cost of $21.77 per share, for a total transaction of $1,260,918.40.
• On Tuesday, July 8th, Vladimir Galkin acquired 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 Stock Performance

Shares of NASDAQ NEGG traded down $2.24 during midday trading on Friday, hitting $29.55. The company had a trading volume of 1,274,233 shares, compared to its average volume of 211,120. 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 twelve month low of $3.32 and a twelve month high of $56.00. The business has a 50-day simple moving average of $13.44 and a two-hundred day simple moving average of $9.05.

Institutional Trading of Newegg Commerce

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its holdings in shares of 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 purchasing an additional 34,900 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Newegg Commerce in the fourth quarter valued at about $44,000. Squarepoint Ops LLC purchased a new stake in shares of Newegg Commerce in the fourth quarter valued at about $69,000. Finally, XTX Topco Ltd purchased a new stake in shares of Newegg Commerce in the first quarter valued at about $55,000. Institutional investors and hedge funds 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.