Insider Buying: Newegg Commerce, Inc. (NASDAQ:NEGG) Major Shareholder Buys $3,284,441.16 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) major shareholder Vladimir Galkin acquired 111,111 shares of Newegg Commerce stock in a transaction that occurred on Tuesday, July 15th. The stock was acquired at an average price of $29.56 per share, with a total value of $3,284,441.16. Following the completion of the purchase, the insider directly owned 2,555,555 shares in the company, valued at $75,542,205.80. This represents a 4.55% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Major 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 stock was bought at an average cost of $29.41 per share, with a total value of $3,267,774.51.
• On Monday, July 14th, Vladimir Galkin acquired 222,222 shares of Newegg Commerce stock. The shares were bought at an average price of $41.14 per share, for a total transaction of $9,142,213.08.
• On Wednesday, July 9th, Vladimir Galkin bought 57,920 shares of Newegg Commerce stock. The stock was 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, for a total transaction of $1,162,001.90.

Newegg Commerce Stock Down 7.0%

NEGG stock opened at $29.55 on Friday. The firm has a 50 day moving average of $13.44 and a 200-day moving average of $9.05. Newegg Commerce, Inc. has a 12 month low of $3.32 and a 12 month high of $56.00. 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 large investors have recently bought and sold shares of NEGG. XTX Topco Ltd purchased a new stake in shares of Newegg Commerce in the first quarter worth $55,000. Squarepoint Ops LLC bought a new position in Newegg Commerce in the 4th quarter worth about $69,000. Jane Street Group LLC bought a new stake in shares of Newegg Commerce during the 4th quarter valued at about $44,000. Finally, Renaissance Technologies LLC boosted its position in shares of 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 acquiring an additional 34,900 shares during the last quarter. 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.