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

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) major shareholder Vladimir Galkin purchased 416,799 shares of Newegg Commerce stock in a transaction that occurred on Thursday, July 17th. The shares were bought at an average price of $29.68 per share, with a total value of $12,370,594.32. Following the transaction, the insider owned 3,194,576 shares of the company's stock, valued at $94,815,015.68. This trade represents a 15.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, July 17th, Vladimir Galkin purchased 111,111 shares of Newegg Commerce stock. The shares were bought at an average price 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, with a total value of $3,284,441.16.
• On Monday, July 14th, Vladimir Galkin purchased 222,222 shares of Newegg Commerce stock. The shares were bought at an average price of $41.14 per share, with a total value of $9,142,213.08.
• On Wednesday, July 9th, Vladimir Galkin purchased 57,920 shares of Newegg Commerce stock. The shares were bought at an average price of $21.77 per share, with a total value of $1,260,918.40.
• On Tuesday, July 8th, Vladimir Galkin purchased 64,199 shares of Newegg Commerce stock. The shares were bought at an average price of $18.10 per share, with a total value of $1,162,001.90.

Newegg Commerce Trading Down 11.1%

NASDAQ:NEGG traded down $3.29 on Monday, reaching $26.26. 650,582 shares of the company's stock were exchanged, compared to its average volume of 213,702. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.16 and a quick ratio of 0.76. Newegg Commerce, Inc. has a 52 week low of $3.32 and a 52 week high of $56.00. The stock has a fifty day simple moving average of $13.44 and a 200-day simple moving average of $9.06.

Hedge Funds Weigh In On Newegg Commerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NEGG. XTX Topco Ltd purchased a new stake in Newegg Commerce in the first quarter valued at approximately $55,000. Squarepoint Ops LLC purchased a new stake in Newegg Commerce in the fourth quarter valued at approximately $69,000. Jane Street Group LLC purchased a new stake in Newegg Commerce in the fourth quarter valued at approximately $44,000. Finally, Renaissance Technologies LLC raised its stake in Newegg Commerce by 69.1% in the fourth 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.

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