Vladimir Galkin Buys 111,111 Shares of Newegg Commerce, Inc. (NASDAQ:NEGG) Stock

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) major shareholder Vladimir Galkin acquired 111,111 shares of Newegg Commerce stock in a transaction that occurred on Thursday, July 17th. The stock was bought at an average price of $29.41 per share, with a total value of $3,267,774.51. Following the purchase, the insider directly owned 2,777,777 shares of the company's stock, valued at approximately $81,694,421.57. This trade represents a 4.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major 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 bought 416,799 shares of Newegg Commerce stock. The stock was bought at an average cost of $29.68 per share, for a total transaction of $12,370,594.32.
• On Tuesday, July 15th, Vladimir Galkin purchased 111,111 shares of Newegg Commerce stock. The shares were purchased at an average price of $29.56 per share, with a total value of $3,284,441.16.
• On Monday, July 14th, Vladimir Galkin acquired 222,222 shares of Newegg Commerce stock. The stock was purchased at an average cost of $41.14 per share, for a total transaction of $9,142,213.08.
• On Wednesday, July 9th, Vladimir Galkin acquired 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 purchased at an average cost of $18.10 per share, for a total transaction of $1,162,001.90.

Newegg Commerce Trading Up 16.1%

Shares of NASDAQ:NEGG traded up $4.24 during trading on Tuesday, hitting $30.58. The company's stock had a trading volume of 985,286 shares, compared to its average volume of 374,709. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. Newegg Commerce, Inc. has a fifty-two week low of $3.32 and a fifty-two week high of $56.00. The stock's 50-day moving average price is $13.44 and its two-hundred day moving average price is $9.06.

Institutional Trading of Newegg Commerce

Several hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in Newegg Commerce during the 1st quarter valued at $55,000. Squarepoint Ops LLC bought a new stake in Newegg Commerce during the 4th quarter valued at $69,000. Jane Street Group LLC bought a new stake in Newegg Commerce during the 4th quarter valued at $44,000. Finally, Renaissance Technologies LLC boosted its stake in Newegg Commerce by 69.1% during the 4th 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. Institutional investors own 0.45% of the company's stock.

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.