Insider Selling: Newegg Commerce (NASDAQ:NEGG) Director Sells 15,000 Shares of Stock

Newegg Commerce, Inc. (NASDAQ:NEGGGet Free Report) Director Fred Faching Chang sold 15,000 shares of Newegg Commerce stock in a transaction on Friday, May 1st. The stock was sold at an average price of $33.94, for a total transaction of $509,100.00. Following the transaction, the director directly owned 3,399,433 shares of the company’s stock, valued at $115,376,756.02. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 Price Performance

NASDAQ NEGG traded down $3.53 on Monday, hitting $30.58. 141,604 shares of the stock were exchanged, compared to its average volume of 72,226. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $41.09 and a two-hundred day moving average price of $53.73. Newegg Commerce, Inc. has a 52-week low of $3.40 and a 52-week high of $137.84.

Newegg Commerce (NASDAQ:NEGGGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.38. The firm had revenue of $374.40 million for the quarter, compared to analysts’ expectations of $439.20 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Newegg Commerce in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Newegg Commerce currently has an average rating of “Sell”.

Read Our Latest Report on NEGG

Institutional Trading of Newegg Commerce

Several institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new stake in shares of Newegg Commerce during the third quarter worth $30,000. Royal Bank of Canada lifted its position in shares of Newegg Commerce by 5,472.2% during the fourth quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock worth $51,000 after purchasing an additional 985 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Newegg Commerce during the fourth quarter worth $251,000. Qube Research & Technologies Ltd bought a new stake in shares of Newegg Commerce during the third quarter worth $207,000. Finally, Quantum Private Wealth LLC bought a new stake in shares of Newegg Commerce during the third quarter worth $210,000. 0.45% of the stock is currently owned by institutional investors.

About Newegg Commerce

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Newegg Commerce (NASDAQ:NEGG)

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