Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $206,174.76 in Stock

Key Points

• Director Fred Chang sold 13,582 Newegg shares at an average $15.18 per share, generating $206,174.76. He retained 3,046,523 shares, and the transaction reduced his position by 0.44%.
• Chang also reported five additional sales between September 1 and September 9, bringing the disclosed recent sales to more than $1.1 million.
• Newegg shares fell 4.1% to $14.44, while the company reported quarterly EPS of $0.11—beating estimates—but revenue of $320.41 million, below the $439.20 million consensus. The stock carries a consensus Sell rating.

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 13,582 shares of Newegg Commerce stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $15.18, for a total value of $206,174.76. Following the completion of the transaction, the director owned 3,046,523 shares of the company's stock, valued at approximately $46,246,219.14. This represents a 0.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, September 9th, Fred Chang sold 12,564 shares of Newegg Commerce stock. The shares were sold at an average price of $15.13, for a total value of $190,093.32.
• 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 shares were 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 stock was 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 value of $56,846.34.

Newegg Commerce Stock Down 4.1%

Newegg Commerce stock traded down $0.62 during trading on Thursday, reaching $14.44. The company had a trading volume of 38,841 shares, compared to its average volume of 77,256. The firm's 50-day simple moving average is $15.84 and its 200 day simple moving average is $25.92. Newegg Commerce, Inc. has a 1-year low of $12.50 and a 1-year high of $96.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.64.

Newegg Commerce (NASDAQ:NEGG - Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of ($0.40) by $0.51. The company had revenue of $320.41 million for the quarter, compared to analyst estimates of $439.20 million.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NEGG. NewEdge Advisors LLC acquired a new stake in Newegg Commerce during the 3rd quarter worth $30,000. Royal Bank of Canada grew its holdings in shares of Newegg Commerce by 5,472.2% during the fourth quarter. Royal Bank of Canada now owns 1,003 shares of the company's stock worth $51,000 after buying an additional 985 shares in the last quarter. Bank of America Corp DE raised its position in shares of Newegg Commerce by 10,675.0% in the second quarter. Bank of America Corp DE now owns 10,775 shares of the company's stock valued at $175,000 after buying an additional 10,675 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Newegg Commerce in the third quarter valued at about $207,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Newegg Commerce in the fourth quarter worth about $251,000. 0.45% of the stock is owned by institutional investors and hedge funds.

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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