Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $223,927.29 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 11,091 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $20.19, for a total value of $223,927.29. Following the transaction, the director directly owned 3,122,972 shares in the company, valued at $63,052,804.68. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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 shares were sold at an average price of $20.00, for a total value of $370,780.00.
• On Monday, June 1st, Fred Faching Chang sold 2,583 shares of Newegg Commerce stock. The shares were sold at an average price of $17.58, for a total value of $45,409.14.
• On Thursday, May 28th, Fred Faching Chang sold 10,000 shares of Newegg Commerce stock. The shares were 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 shares were 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%

NASDAQ:NEGG opened at $17.34 on Friday. Newegg Commerce, Inc. has a 1-year low of $8.95 and a 1-year high of $137.84. The company has a current ratio of 1.71, a quick ratio of 0.63 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $30.92 and a 200 day simple moving average of $45.67.

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

Institutional Investors Weigh In On Newegg Commerce

A number of institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in Newegg Commerce by 5,472.2% during the 4th quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock worth $51,000 after acquiring an additional 985 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Newegg Commerce during the 4th quarter worth about $251,000. Jane Street Group LLC purchased a new stake in shares of Newegg Commerce during the 4th quarter worth about $2,042,000. O Shaughnessy Asset Management LLC raised its stake in shares of Newegg Commerce by 234.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 29,342 shares of the company’s stock worth $1,489,000 after purchasing an additional 20,575 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Newegg Commerce during the 4th quarter worth about $490,000. 0.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

About Newegg Commerce

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.