Newegg Commerce (NASDAQ:NEGG) Director Sells $45,409.14 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 2,583 shares of Newegg Commerce stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $17.58, for a total value of $45,409.14. Following the sale, the director owned 3,134,063 shares in the company, valued at $55,096,827.54. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Fred Faching Chang also recently made the following trade(s):

• On Wednesday, June 3rd, Fred Faching Chang sold 18,539 shares of Newegg Commerce stock. The stock was sold at an average price of $20.00, for a total value of $370,780.00.
• On Tuesday, June 2nd, Fred Faching Chang sold 11,091 shares of Newegg Commerce stock. The stock was sold at an average price of $20.19, for a total value of $223,927.29.
• On Thursday, May 28th, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The stock was sold at an average price of $17.91, for a total value of $179,100.00.
• On Friday, May 22nd, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The stock was sold at an average price of $20.14, for a total value of $201,400.00.
• On Thursday, May 21st, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $19.40, for a total value of $388,000.00.
• On Monday, May 18th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $19.66, for a total value of $393,200.00.
• On Thursday, May 14th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $22.52, for a total value of $450,400.00.
• On Tuesday, May 12th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $23.66, for a total value of $473,200.00.
• On Monday, May 11th, Fred Faching Chang sold 6,944 shares of Newegg Commerce stock. The shares were sold at an average price of $25.41, for a total value of $176,447.04.
• On Friday, May 8th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $26.25, for a total value of $525,000.00.

Newegg Commerce Trading Down 6.0%

Shares of NEGG stock opened at $17.34 on Friday. Newegg Commerce, Inc. has a 52-week low of $8.95 and a 52-week high of $137.84. The stock’s 50-day moving average price is $30.92 and its 200 day moving average price is $45.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.63 and a current ratio of 1.71.

Newegg Commerce (NASDAQ:NEGG) last issued its quarterly earnings results on Thursday, May 28th. The company reported $999.00 earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Newegg Commerce

A number of institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in Newegg Commerce by 5,472.2% in the 4th quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock valued at $51,000 after purchasing an additional 985 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Newegg Commerce in the 4th quarter valued at approximately $251,000. Jane Street Group LLC purchased a new stake in Newegg Commerce in the 4th quarter valued at approximately $2,042,000. O Shaughnessy Asset Management LLC boosted its holdings in Newegg Commerce by 234.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 29,342 shares of the company’s stock valued at $1,489,000 after purchasing an additional 20,575 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in Newegg Commerce in the 4th quarter valued at approximately $490,000. Hedge funds and other institutional investors own 0.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Newegg Commerce from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Newegg Commerce presently has a consensus rating of “Sell”.

Newegg Commerce Company Profile

Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg’s business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.

In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.