Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $190,093.32 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 12,564 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $15.13, for a total value of $190,093.32. Following the completion of the transaction, the director directly owned 3,033,959 shares of the company’s stock, valued at approximately $45,903,799.67. This trade represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.18, for a total value of $206,174.76.
• On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.62, for a total value of $212,150.84.
• On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $16.40, for a total value of $58,744.80.
• On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.77, for a total transaction of $395,470.14.
• On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.87, for a total transaction of $56,846.34.

Newegg Commerce Stock Up 1.6%

Newegg Commerce stock opened at $14.67 on Friday. Newegg Commerce, Inc. has a 12-month low of $12.50 and a 12-month high of $96.29. The firm’s 50-day moving average is $15.83 and its two-hundred day moving average is $25.59. The company has a quick ratio of 0.64, a current ratio of 1.55 and a debt-to-equity ratio of 0.21.

Newegg Commerce (NASDAQ:NEGG) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.51. The firm had revenue of $320.41 million during the quarter, compared to analyst estimates of $439.20 million.

Institutional Trading of Newegg Commerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEGG. Marshall Wace LLP acquired a new position in shares of Newegg Commerce during the 2nd quarter valued at about $4,281,000. UBS Group AG lifted its holdings in shares of Newegg Commerce by 242.0% during the 3rd quarter. UBS Group AG now owns 75,482 shares of the company’s stock worth $3,166,000 after acquiring an additional 53,411 shares during the period. Jane Street Group LLC acquired a new stake in shares of Newegg Commerce in the fourth quarter worth approximately $2,042,000. BNP Paribas Financial Markets acquired a new stake in shares of Newegg Commerce in the third quarter worth approximately $1,603,000. Finally, XTX Topco Ltd purchased a new stake in Newegg Commerce in the third quarter valued at approximately $1,343,000. Hedge funds and other institutional investors own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Newegg Commerce currently has an average 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.