Vladimir Galkin Purchases 416,799 Shares of Newegg Commerce, Inc. (NASDAQ:NEGG) Stock

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) major shareholder Vladimir Galkin acquired 416,799 shares of the business's stock in a transaction dated Thursday, July 17th. The stock was acquired at an average cost of $29.68 per share, with a total value of $12,370,594.32. Following the purchase, the insider directly owned 3,194,576 shares in the company, valued at $94,815,015.68. This represents a 15.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% 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 111,111 shares of Newegg Commerce stock. The stock was bought at an average cost of $29.41 per share, with a total value of $3,267,774.51.
• On Tuesday, July 15th, Vladimir Galkin purchased 111,111 shares of Newegg Commerce stock. The shares were bought at an average price of $29.56 per share, for a total transaction 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, for a total transaction 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, with a total value of $1,260,918.40.
• On Tuesday, July 8th, Vladimir Galkin bought 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 Stock Down 4.5%

NEGG traded down $1.45 during trading on Thursday, hitting $30.71. 136,805 shares of the stock traded hands, compared to its average volume of 954,654. Newegg Commerce, Inc. has a 12-month low of $3.32 and a 12-month high of $56.00. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $15.33 and a 200 day moving average of $9.64.

Institutional Trading of Newegg Commerce

A number of institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its holdings 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 during the period. Jane Street Group LLC bought a new stake in shares of Newegg Commerce in the 4th quarter worth approximately $44,000. Squarepoint Ops LLC purchased a new position in shares of Newegg Commerce during the fourth quarter valued at approximately $69,000. Finally, XTX Topco Ltd bought a new position in shares of Newegg Commerce during the first quarter valued at approximately $55,000. 0.45% of the stock is currently owned by hedge funds and other institutional investors.

About Newegg Commerce

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.