Newegg Commerce (NASDAQ:NEGG) Major Shareholder Buys 11,111 Shares

Newegg Commerce, Inc. (NASDAQ:NEGG) major shareholder Vladimir Galkin bought 11,111 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was acquired at an average cost of $104.72 per share, for a total transaction of $1,163,543.92. Following the purchase, the insider owned 3,511,111 shares in the company, valued at approximately $367,683,543.92. This trade represents a 0.32% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 Tuesday, July 29th, Vladimir Galkin purchased 138,757 shares of Newegg Commerce stock. The shares were acquired at an average cost of $42.33 per share, with a total value of $5,873,583.81.
• On Thursday, July 17th, Vladimir Galkin purchased 416,799 shares of Newegg Commerce stock. The stock was bought at an average price of $29.68 per share, with a total value of $12,370,594.32.
• On Thursday, July 17th, Vladimir Galkin acquired 111,111 shares of Newegg Commerce stock. The stock was bought at an average cost of $29.41 per share, for a total transaction of $3,267,774.51.
• On Tuesday, July 15th, Vladimir Galkin acquired 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 bought 222,222 shares of Newegg Commerce stock. The stock was bought at an average cost of $41.14 per share, with a total value of $9,142,213.08.
• On Wednesday, July 9th, Vladimir Galkin bought 57,920 shares of Newegg Commerce stock. The shares were bought at an average price of $21.77 per share, for a total transaction 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 cost of $18.10 per share, for a total transaction of $1,162,001.90.

Newegg Commerce Stock Performance

NASDAQ NEGG opened at $110.64 on Thursday. Newegg Commerce, Inc. has a fifty-two week low of $3.32 and a fifty-two week high of $133.00. The business has a 50 day moving average price of $40.02 and a two-hundred day moving average price of $17.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.76 and a current ratio of 1.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew 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 in the last quarter. Jane Street Group LLC acquired a new stake in shares of Newegg Commerce during the fourth quarter valued at about $44,000. XTX Topco Ltd acquired a new stake in shares of Newegg Commerce during the first quarter valued at about $55,000. FNY Investment Advisers LLC purchased a new stake in shares of Newegg Commerce during the second quarter worth about $64,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Newegg Commerce in the fourth quarter worth about $69,000. 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.