Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $190,093.32 in Stock

Key Points

• Newegg director Fred Chang sold 12,564 shares at an average price of $15.13, generating $190,093.32. He still owns 3,033,959 shares, and the sale reduced his position by 0.41%.
• Chang has made several additional sales since September 1, indicating a broader series of insider transactions. Newegg shares fell 4.1% to $14.44 and remain well below their 52-week high of $96.29.
• Newegg’s latest quarterly EPS of $0.11 beat estimates by $0.51, but revenue of $320.41 million fell short of the $439.20 million consensus forecast. MarketBeat reports an average analyst rating of Sell.

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 12,564 shares of the firm's stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $15.13, for a total value of $190,093.32. Following the transaction, the director owned 3,033,959 shares of the company's stock, valued at $45,903,799.67. This trade represents a 0.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Fred Faching Chang also recently made the following trade(s):

• On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.18, for a total value of $206,174.76.
• On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.62, for a total value of $212,150.84.
• On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $16.40, for a total value of $58,744.80.
• On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.77, for a total value of $395,470.14.
• On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.87, for a total transaction of $56,846.34.

Newegg Commerce Stock Down 4.1%

Shares of NEGG traded down $0.62 during trading hours on Thursday, hitting $14.44. The stock had a trading volume of 38,841 shares, compared to its average volume of 77,256. The company has a quick ratio of 0.64, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The company's fifty day moving average is $15.84 and its two-hundred day moving average is $25.92. Newegg Commerce, Inc. has a 52 week low of $12.50 and a 52 week high of $96.29.

Newegg Commerce (NASDAQ:NEGG - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.51. The firm had revenue of $320.41 million for the quarter, compared to the consensus estimate of $439.20 million.

Institutional Trading of Newegg Commerce

A number of hedge funds and other institutional investors have recently made changes to their positions in NEGG. NewEdge Advisors LLC bought a new position in shares of Newegg Commerce in the third quarter valued at about $30,000. Royal Bank of Canada grew its holdings in Newegg Commerce by 5,472.2% during the 4th quarter. Royal Bank of Canada now owns 1,003 shares of the company's stock worth $51,000 after acquiring an additional 985 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Newegg Commerce during the 4th quarter worth about $251,000. Qube Research & Technologies Ltd acquired a new stake in Newegg Commerce in the 3rd quarter valued at about $207,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Newegg Commerce in the 4th quarter valued at about $490,000. 0.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Newegg Commerce from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, July 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Newegg Commerce presently has an average rating of "Sell".

About Newegg Commerce

Newegg Commerce, Inc NASDAQ: NEGG is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg's business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.

In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.

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