Fred Faching Chang Sells 3,582 Shares of Newegg Commerce (NASDAQ:NEGG) 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 value of $56,846.34. Following the completion of the transaction, 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 ownership of the stock. The sale 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, 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 value 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 value of $395,470.14.

Newegg Commerce Trading Down 7.0%

NASDAQ:NEGG opened at $15.32 on Friday. The stock’s 50 day moving average price is $15.91 and its 200 day moving average price is $26.81. Newegg Commerce, Inc. has a 52 week low of $12.50 and a 52 week high of $96.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 1.55.

Newegg Commerce (NASDAQ:NEGG) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate 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.

Hedge Funds Weigh In On Newegg Commerce

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

Wall Street Analysts Forecast Growth

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