Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $56,846.34 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $15.87, for a total transaction of $56,846.34. Following the completion of the sale, the director directly owned 3,100,851 shares in the company, valued at approximately $49,210,505.37. The trade was a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.40, for a total transaction 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.

Newegg Commerce Stock Performance

NASDAQ NEGG opened at $15.32 on Monday. The company has a 50 day moving average of $15.91 and a 200-day moving average of $26.68. 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, Inc. has a 1-year low of $12.50 and a 1-year high of $96.29.

Newegg Commerce (NASDAQ:NEGG) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.51. The business had revenue of $320.41 million for the quarter, compared to the consensus estimate of $439.20 million.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Newegg Commerce

A number of institutional investors and hedge funds have recently modified their holdings of NEGG. Marshall Wace LLP bought a new stake in Newegg Commerce in the second quarter valued at about $4,281,000. UBS Group AG grew its position in Newegg Commerce by 242.0% in the third quarter. UBS Group AG now owns 75,482 shares of the company’s stock valued at $3,166,000 after purchasing an additional 53,411 shares in the last quarter. Jane Street Group LLC bought a new stake in Newegg Commerce during the fourth quarter worth $2,042,000. BNP Paribas Financial Markets bought a new stake in shares of Newegg Commerce in the 3rd quarter valued at about $1,603,000. Finally, XTX Topco Ltd acquired a new stake in Newegg Commerce in the 3rd quarter valued at about $1,343,000. 0.45% of the stock is owned by institutional investors.

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.