Newegg Commerce, Inc. (NASDAQ:NEGG) Major Shareholder Purchases $3,267,774.51 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) major shareholder Vladimir Galkin bought 111,111 shares of the company's stock in a transaction on Thursday, July 17th. The shares were bought at an average cost of $29.41 per share, for a total transaction of $3,267,774.51. Following the transaction, the insider directly owned 2,777,777 shares in the company, valued at approximately $81,694,421.57. This represents a 4.17% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Tuesday, July 15th, Vladimir Galkin bought 111,111 shares of Newegg Commerce stock. The stock was bought at an average price of $29.56 per share, with a total value of $3,284,441.16.
• On Monday, July 14th, Vladimir Galkin purchased 222,222 shares of Newegg Commerce stock. The stock was bought at an average cost of $41.14 per share, with a total value of $9,142,213.08.
• On Wednesday, July 9th, Vladimir Galkin acquired 57,920 shares of Newegg Commerce stock. The shares were bought at an average cost of $21.77 per share, for a total transaction of $1,260,918.40.
• On Tuesday, July 8th, Vladimir Galkin bought 64,199 shares of Newegg Commerce stock. The shares were purchased at an average cost of $18.10 per share, with a total value of $1,162,001.90.

Newegg Commerce Price Performance

NEGG traded down $2.24 on Friday, reaching $29.55. 1,274,233 shares of the company's stock were exchanged, compared to its average volume of 211,856. Newegg Commerce, Inc. has a twelve month low of $3.32 and a twelve month high of $56.00. The stock's fifty day moving average price is $13.44 and its 200-day moving average price is $9.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.16.

Institutional Investors Weigh In On Newegg Commerce

Several institutional investors have recently modified their holdings of NEGG. Renaissance Technologies LLC lifted its stake in Newegg Commerce by 69.1% during the fourth quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock worth $34,000 after purchasing an additional 34,900 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Newegg Commerce in the 4th quarter valued at $44,000. Squarepoint Ops LLC acquired a new stake in Newegg Commerce during the 4th quarter worth $69,000. Finally, XTX Topco Ltd acquired a new stake in Newegg Commerce during the 1st quarter worth $55,000. 0.45% of the stock is owned by hedge funds and other institutional investors.

Newegg Commerce Company Profile

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.