Vladimir Galkin Purchases 138,757 Shares of Newegg Commerce, Inc. (NASDAQ:NEGG) Stock

Key Points

• Vladimir Galkin, a major shareholder of Newegg Commerce, acquired 138,757 shares at an average cost of $42.33 per share, totaling about $5.87 million, increasing his ownership stake by 4.34%.
• Newegg Commerce's stock price soared 43.8% during trading, reaching $56.19, with significant trading volume of 2,679,584 shares compared to the average of 397,728.
• Several institutional investors have recently expanded their stakes in Newegg Commerce, including Renaissance Technologies LLC increasing its holdings by 69.1% in the fourth quarter.

Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) major shareholder Vladimir Galkin acquired 138,757 shares of the stock in a transaction dated Tuesday, July 29th. The stock was bought at an average cost of $42.33 per share, with a total value of $5,873,583.81. Following the completion of the purchase, the insider owned 3,333,333 shares of the company's stock, valued at approximately $141,099,985.89. The trade was a 4.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 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 Thursday, July 17th, Vladimir Galkin acquired 416,799 shares of Newegg Commerce stock. The shares were purchased at an average cost of $29.68 per share, with a total value of $12,370,594.32.
• On Thursday, July 17th, Vladimir Galkin purchased 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 stock was bought at an average cost 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 shares were acquired 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 acquired at an average cost of $21.77 per share, with a total value of $1,260,918.40.
• On Tuesday, July 8th, Vladimir Galkin acquired 64,199 shares of Newegg Commerce stock. The shares were acquired at an average cost of $18.10 per share, with a total value of $1,162,001.90.

Newegg Commerce Stock Up 43.8%

NASDAQ:NEGG traded up $17.11 during trading hours on Tuesday, hitting $56.19. 2,679,584 shares of the company's stock traded hands, compared to its average volume of 397,728. Newegg Commerce, Inc. has a 52 week low of $3.32 and a 52 week high of $56.77. The business's fifty day simple moving average is $16.55 and its two-hundred day simple moving average is $10.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.16 and a quick ratio of 0.76.

Institutional Investors Weigh In On Newegg Commerce

A number of large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of Newegg Commerce by 69.1% in the fourth quarter. Renaissance Technologies LLC now owns 85,422 shares of the company's stock worth $34,000 after buying an additional 34,900 shares during the period. Jane Street Group LLC purchased a new position in Newegg Commerce during the 4th quarter valued at about $44,000. Squarepoint Ops LLC purchased a new position in Newegg Commerce during the 4th quarter valued at about $69,000. Finally, XTX Topco Ltd purchased a new position in Newegg Commerce during the 1st quarter valued at about $55,000. Hedge funds and other institutional investors own 0.45% of the company's stock.

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.

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