Newegg Commerce, Inc. (NASDAQ:NEGG) Major Shareholder Vladimir Galkin Purchases 111,111 Shares

Newegg Commerce, Inc. (NASDAQ:NEGG) major shareholder Vladimir Galkin purchased 111,111 shares of the company’s stock in a transaction dated Thursday, July 17th. The stock was purchased at an average price of $29.41 per share, with a total value of $3,267,774.51. Following the completion of the purchase, the insider directly owned 2,777,777 shares in the company, valued at $81,694,421.57. The trade was a 4.17% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, July 15th, Vladimir Galkin purchased 111,111 shares of Newegg Commerce stock. The stock was 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 purchased 222,222 shares of Newegg Commerce stock. The stock was purchased 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 stock was purchased at an average price 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 shares were bought at an average cost of $18.10 per share, with a total value of $1,162,001.90.

Newegg Commerce Price Performance

Shares of NASDAQ:NEGG opened at $29.55 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.16 and a debt-to-equity ratio of 0.50. Newegg Commerce, Inc. has a 12-month low of $3.32 and a 12-month high of $56.00. The business has a fifty day simple moving average of $13.44 and a 200 day simple moving average of $9.05.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NEGG. Renaissance Technologies LLC raised its position in Newegg Commerce by 69.1% during the 4th 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 stake in Newegg Commerce during the 4th quarter worth about $44,000. Squarepoint Ops LLC acquired a new stake in Newegg Commerce during the 4th quarter worth about $69,000. Finally, XTX Topco Ltd acquired a new stake in Newegg Commerce during the 1st quarter worth about $55,000. 0.45% of the stock is owned by 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.