Chegg Inc (CHGG) CMO Sells $161,900.00 in Stock

Chegg Inc (NYSE:CHGG) CMO Esther Lem sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $16.19, for a total transaction of $161,900.00. Following the completion of the sale, the chief marketing officer now owns 555,120 shares of the company’s stock, valued at approximately $8,987,392.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Esther Lem also recently made the following trade(s):

  • On Wednesday, December 20th, Esther Lem sold 20,000 shares of Chegg stock. The stock was sold at an average price of $16.35, for a total transaction of $327,000.00.
  • On Wednesday, December 6th, Esther Lem sold 10,000 shares of Chegg stock. The stock was sold at an average price of $14.36, for a total transaction of $143,600.00.

Shares of Chegg Inc (NYSE CHGG) traded down $0.01 during midday trading on Wednesday, reaching $16.38. 599,997 shares of the company were exchanged, compared to its average volume of 986,242. Chegg Inc has a 52-week low of $6.84 and a 52-week high of $16.67.

Chegg (NYSE:CHGG) last issued its quarterly earnings data on Monday, October 30th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $62.60 million during the quarter, compared to analysts’ expectations of $57.75 million. Chegg had a negative net margin of 10.40% and a negative return on equity of 5.06%. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.17) earnings per share. equities analysts forecast that Chegg Inc will post -0.09 EPS for the current year.

Several brokerages have recently commented on CHGG. Zacks Investment Research cut shares of Chegg from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. BidaskClub cut shares of Chegg from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Jefferies Group reiterated a “buy” rating and set a $17.00 price target on shares of Chegg in a research report on Thursday, September 7th. First Analysis cut shares of Chegg from an “overweight” rating to an “equal weight” rating and set a $18.00 price target for the company. in a research report on Tuesday, October 31st. Finally, Northland Securities reiterated a “buy” rating and set a $18.00 price target on shares of Chegg in a research report on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $15.42.

A number of institutional investors and hedge funds have recently made changes to their positions in CHGG. Teachers Advisors LLC lifted its stake in Chegg by 2.5% in the first quarter. Teachers Advisors LLC now owns 134,426 shares of the technology company’s stock valued at $1,135,000 after buying an additional 3,316 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Chegg by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 229,459 shares of the technology company’s stock valued at $1,937,000 after buying an additional 10,602 shares in the last quarter. Bank of America Corp DE lifted its stake in Chegg by 29.0% in the first quarter. Bank of America Corp DE now owns 14,267 shares of the technology company’s stock valued at $120,000 after buying an additional 3,205 shares in the last quarter. Finally, TD Asset Management Inc. lifted its stake in Chegg by 35.4% in the second quarter. TD Asset Management Inc. now owns 123,572 shares of the technology company’s stock valued at $1,519,000 after buying an additional 32,300 shares in the last quarter.

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Chegg Company Profile

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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