Newegg Commerce (NASDAQ:NEGG) Director Sells $478,200.00 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 15,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $31.88, for a total value of $478,200.00. Following the transaction, the director owned 3,384,433 shares in the company, valued at $107,895,724.04. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• 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.
• On Thursday, May 7th, Fred Faching Chang sold 6,483 shares of Newegg Commerce stock. The shares were sold at an average price of $30.25, for a total value of $196,110.75.
• On Wednesday, May 6th, Fred Faching Chang sold 703 shares of Newegg Commerce stock. The shares were sold at an average price of $32.29, for a total value of $22,699.87.
• On Tuesday, May 5th, Fred Faching Chang sold 3,657 shares of Newegg Commerce stock. The shares were sold at an average price of $30.10, for a total value of $110,075.70.
• On Friday, May 1st, Fred Faching Chang sold 15,000 shares of Newegg Commerce stock. The shares were sold at an average price of $33.94, for a total value of $509,100.00.
• On Thursday, April 30th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $34.53, for a total value of $690,600.00.

Newegg Commerce Price Performance

Shares of NEGG opened at $20.27 on Friday. Newegg Commerce, Inc. has a 12-month low of $4.70 and a 12-month high of $137.84. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 1.41. The stock’s 50-day moving average price is $35.06 and its 200 day moving average price is $50.32.

Newegg Commerce (NASDAQ:NEGG) last released its quarterly earnings data on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.38. The company had revenue of $374.40 million during the quarter, compared to the consensus estimate of $439.20 million.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Newegg Commerce has an average rating of “Sell”.

Institutional Investors Weigh In On Newegg Commerce

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC bought a new stake in shares of Newegg Commerce in the 3rd quarter valued at approximately $30,000. Royal Bank of Canada grew its stake in shares of 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 during the period. Squarepoint Ops LLC bought a new stake in shares of Newegg Commerce in the 4th quarter valued at approximately $251,000. Qube Research & Technologies Ltd bought a new stake in shares of Newegg Commerce in the 3rd quarter valued at approximately $207,000. Finally, Quantum Private Wealth LLC bought a new stake in Newegg Commerce during the 3rd quarter worth approximately $210,000. 0.45% of the stock is currently owned by institutional investors.

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.