Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 13,582 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 13,582 shares of Newegg Commerce stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $15.18, for a total transaction of $206,174.76. Following the sale, the director owned 3,046,523 shares of the company’s stock, valued at $46,246,219.14. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, September 9th, Fred Chang sold 12,564 shares of Newegg Commerce stock. The shares were sold at an average price of $15.13, for a total transaction of $190,093.32.
• 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 stock was sold at an average price of $16.77, for a total value of $395,470.14.
• On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.87, for a total value of $56,846.34.

Newegg Commerce Stock Performance

Newegg Commerce stock opened at $14.44 on Friday. The business’s 50-day simple moving average is $15.83 and its two-hundred day simple moving average is $25.66. The company has a current ratio of 1.55, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. Newegg Commerce, Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $96.29.

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

Institutional Investors Weigh In On Newegg Commerce

Several hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC boosted its stake in shares of Newegg Commerce by 234.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 29,342 shares of the company’s stock worth $1,489,000 after buying an additional 20,575 shares during the last quarter. Geode Capital Management LLC raised its position in Newegg Commerce by 39.8% during the fourth quarter. Geode Capital Management LLC now owns 17,674 shares of the company’s stock valued at $897,000 after acquiring an additional 5,028 shares in the last quarter. XTX Topco Ltd purchased a new position in Newegg Commerce during the third quarter valued at approximately $1,343,000. Millennium Management LLC acquired a new position in Newegg Commerce in the third quarter valued at approximately $981,000. Finally, Bank of America Corp DE lifted its holdings in Newegg Commerce by 115.9% in the third quarter. Bank of America Corp DE now owns 23,262 shares of the company’s stock valued at $976,000 after acquiring an additional 12,487 shares during the period. 0.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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