Newegg Commerce (NASDAQ:NEGG) Director Zhitao He Sells 39,414 Shares

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Zhitao He sold 39,414 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $16.50, for a total value of $650,331.00. Following the completion of the transaction, the director owned 11,101,665 shares in the company, valued at approximately $183,177,472.50. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Newegg Commerce Stock Down 1.0%

Shares of NEGG opened at $15.17 on Wednesday. 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 one year low of $12.50 and a one year high of $96.29. The stock has a 50 day moving average price of $15.86 and a 200 day moving average price of $26.18.

Newegg Commerce (NASDAQ:NEGG) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.40) by $0.51. The firm had revenue of $320.41 million during the quarter, compared to analyst estimates of $439.20 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC lifted its position in Newegg Commerce by 234.7% during 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 in the last quarter. Geode Capital Management LLC grew its holdings in Newegg Commerce by 39.8% in the 4th quarter. Geode Capital Management LLC now owns 17,674 shares of the company’s stock valued at $897,000 after buying an additional 5,028 shares in the last quarter. XTX Topco Ltd purchased a new stake in Newegg Commerce in the 3rd quarter valued at $1,343,000. Millennium Management LLC acquired a new stake in shares of Newegg Commerce in the 3rd quarter worth $981,000. Finally, Bank of America Corp DE increased its stake in shares of Newegg Commerce by 115.9% in the 3rd quarter. Bank of America Corp DE now owns 23,262 shares of the company’s stock worth $976,000 after acquiring an additional 12,487 shares during the last quarter. 0.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded 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 company presently 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.