Chegg, Inc. (NYSE:CHGG) insider Charles Geiger sold 50,000 shares of Chegg stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $13.73, for a total transaction of $686,500.00. Following the completion of the sale, the insider now owns 561,500 shares in the company, valued at $7,709,395. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Charles Geiger also recently made the following trade(s):

  • On Monday, July 3rd, Charles Geiger sold 50,000 shares of Chegg stock. The shares were sold at an average price of $12.13, for a total transaction of $606,500.00.
  • On Thursday, June 15th, Charles Geiger sold 25,000 shares of Chegg stock. The shares were sold at an average price of $11.66, for a total transaction of $291,500.00.

Chegg, Inc. (NYSE:CHGG) traded up 1.83% during trading on Tuesday, hitting $13.92. 1,317,770 shares of the company traded hands. Chegg, Inc. has a 12-month low of $5.28 and a 12-month high of $14.14. The stock has a 50-day moving average price of $12.10 and a 200-day moving average price of $9.12. The firm’s market capitalization is $1.31 billion.

Chegg (NYSE:CHGG) last announced its earnings results on Thursday, May 4th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.03. Chegg had a negative return on equity of 9.88% and a negative net margin of 13.18%. The firm had revenue of $62.60 million during the quarter, compared to analyst estimates of $58.46 million. During the same period last year, the firm posted ($0.03) EPS. The business’s revenue was down 6.1% compared to the same quarter last year. Equities analysts expect that Chegg, Inc. will post $0.22 EPS for the current fiscal year.

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A number of analysts have recently issued reports on CHGG shares. Craig Hallum upgraded shares of Chegg from a “hold” rating to a “buy” rating in a report on Tuesday, April 4th. Northland Securities started coverage on shares of Chegg in a report on Tuesday, April 11th. They issued an “outperform” rating and a $11.50 price objective on the stock. Lake Street Capital reiterated a “buy” rating and issued a $12.00 price objective (up from $9.00) on shares of Chegg in a report on Tuesday, May 2nd. First Analysis lifted their price objective on shares of Chegg from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, May 22nd. Finally, Zacks Investment Research upgraded shares of Chegg from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Friday, May 5th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Chegg currently has a consensus rating of “Buy” and an average target price of $11.08.

Several large investors have recently made changes to their positions in the stock. Sylebra HK Co Ltd increased its position in Chegg by 0.5% in the first quarter. Sylebra HK Co Ltd now owns 6,699,049 shares of the technology company’s stock valued at $56,540,000 after buying an additional 30,164 shares during the last quarter. TimesSquare Capital Management LLC increased its position in Chegg by 0.7% in the first quarter. TimesSquare Capital Management LLC now owns 4,491,510 shares of the technology company’s stock valued at $37,908,000 after buying an additional 31,765 shares during the last quarter. Vanguard Group Inc. increased its position in Chegg by 6.9% in the first quarter. Vanguard Group Inc. now owns 2,635,884 shares of the technology company’s stock valued at $22,246,000 after buying an additional 169,806 shares during the last quarter. Ashford Capital Management Inc. increased its position in Chegg by 30.8% in the first quarter. Ashford Capital Management Inc. now owns 2,193,224 shares of the technology company’s stock valued at $18,511,000 after buying an additional 516,374 shares during the last quarter. Finally, Elk Creek Partners LLC increased its position in Chegg by 7.4% in the first quarter. Elk Creek Partners LLC now owns 2,069,335 shares of the technology company’s stock valued at $17,465,000 after buying an additional 142,889 shares during the last quarter. 77.35% of the stock is owned by hedge funds and other institutional investors.

About Chegg

Chegg, Inc is a student-first connected learning platform. The Company helps students study for college admission exams, find the colleges, get grades and test scores while in school, and find internships that allow them to gain skills to help them enter the workforce after college. The Company matches domestic and international students with colleges, universities and other academic institutions (collectively referred to as colleges) in the United States.

Insider Buying and Selling by Quarter for Chegg (NYSE:CHGG)

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