Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells $509,100.00 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Faching Chang sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $33.94, for a total value of $509,100.00. Following the transaction, the director directly owned 3,399,433 shares of the company’s stock, valued at approximately $115,376,756.02. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, April 30th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The stock was sold at an average price of $34.53, for a total transaction of $690,600.00.

Newegg Commerce Stock Up 1.0%

NASDAQ NEGG opened at $31.85 on Thursday. The firm’s 50 day moving average is $40.37 and its 200-day moving average is $53.51. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.27. Newegg Commerce, Inc. has a 12-month low of $3.50 and a 12-month high of $137.84.

Newegg Commerce (NASDAQ:NEGG) last announced its earnings results on Tuesday, April 28th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.38. The business had revenue of $374.40 million for the quarter, compared to analyst estimates of $439.20 million.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Hussman Strategic Advisors Inc. acquired a new stake in shares of Newegg Commerce in the 3rd quarter valued at approximately $1,762,000. Clear Street Group Inc. acquired a new position in Newegg Commerce during the third quarter worth $856,000. Ritholtz Wealth Management raised its position in Newegg Commerce by 247.3% during the fourth quarter. Ritholtz Wealth Management now owns 20,160 shares of the company’s stock worth $1,023,000 after acquiring an additional 14,356 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Newegg Commerce in the third quarter valued at $30,000. Finally, Squarepoint Ops LLC acquired a new stake in Newegg Commerce in the fourth quarter valued at $251,000. Institutional investors and hedge funds own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

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