Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 20,000 Shares

Key Points

• Newegg director Fred Faching Chang sold a total of 35,000 shares across April 30 (20,000 shares at $34.53) and May 1 (15,000 shares at $33.94), generating roughly $1.2M and reducing his stake by 0.58% to 3,414,433 shares.
• Newegg reported Q1 EPS of ($0.02), beating estimates of ($0.40) but missing revenue at $374.4M versus $439.2M, its stock is trading around $30.58 (below the 50‑day and 200‑day averages), and analysts maintain a consensus Sell rating.

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Faching Chang sold 20,000 shares of the business's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $34.53, for a total value of $690,600.00. Following the transaction, the director owned 3,414,433 shares of the company's stock, valued at $117,900,371.49. The trade was a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, May 1st, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The shares were sold at an average price of $33.94, for a total value of $509,100.00.

Newegg Commerce Price Performance

Shares of NASDAQ:NEGG traded down $3.53 during mid-day trading on Monday, reaching $30.58. The stock had a trading volume of 141,604 shares, compared to its average volume of 72,226. The firm has a 50 day simple moving average of $41.09 and a two-hundred day simple moving average of $53.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 1.41. Newegg Commerce, Inc. has a twelve month low of $3.40 and a twelve month high of $137.84.

Newegg Commerce (NASDAQ:NEGG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.38. The firm had revenue of $374.40 million during the quarter, compared to analyst estimates of $439.20 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Newegg Commerce in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Newegg Commerce has a consensus rating of "Sell".

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NEGG. NewEdge Advisors LLC bought a new stake in shares of Newegg Commerce during the third quarter worth $30,000. Royal Bank of Canada lifted its position in Newegg Commerce by 5,472.2% in the 4th quarter. Royal Bank of Canada now owns 1,003 shares of the company's stock valued at $51,000 after acquiring an additional 985 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Newegg Commerce in the 4th quarter valued at $251,000. Qube Research & Technologies Ltd bought a new stake in Newegg Commerce in the 3rd quarter valued at $207,000. Finally, Quantum Private Wealth LLC bought a new stake in Newegg Commerce in the 3rd quarter valued at $210,000. Institutional investors own 0.45% of the company's stock.

Newegg Commerce Company Profile

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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