Chegg Inc (CHGG) Insider Esther Lem Sells 10,000 Shares

Chegg Inc (NYSE:CHGG) insider Esther Lem sold 10,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $17.50, for a total value of $175,000.00. Following the transaction, the insider now directly owns 455,120 shares in the company, valued at $7,964,600. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Thursday, February 1st, Esther Lem sold 40,000 shares of Chegg stock. The shares were sold at an average price of $17.16, for a total value of $686,400.00.
  • On Friday, January 12th, Esther Lem sold 9,400 shares of Chegg stock. The shares were sold at an average price of $17.00, for a total value of $159,800.00.
  • On Tuesday, January 2nd, Esther Lem sold 30,000 shares of Chegg stock. The shares were sold at an average price of $16.43, for a total value of $492,900.00.
  • On Monday, December 18th, Esther Lem sold 10,000 shares of Chegg stock. The shares were sold at an average price of $16.19, for a total value of $161,900.00.
  • On Wednesday, December 20th, Esther Lem sold 20,000 shares of Chegg stock. The shares were sold at an average price of $16.35, for a total value of $327,000.00.
  • On Wednesday, December 6th, Esther Lem sold 10,000 shares of Chegg stock. The shares were sold at an average price of $14.36, for a total value of $143,600.00.

Shares of Chegg Inc (NYSE CHGG) traded down $0.16 during mid-day trading on Wednesday, reaching $18.99. The company’s stock had a trading volume of 2,480,000 shares, compared to its average volume of 1,010,000. Chegg Inc has a 1-year low of $7.21 and a 1-year high of $19.96. The stock has a market cap of $2,060.00, a price-to-earnings ratio of -90.43, a PEG ratio of 6.42 and a beta of 1.74.

Chegg (NYSE:CHGG) last issued its quarterly earnings results on Monday, February 12th. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Chegg had a negative return on equity of 2.64% and a negative net margin of 7.95%. The business had revenue of $73.51 million during the quarter, compared to analyst estimates of $70.61 million. During the same quarter in the prior year, the business posted $0.10 EPS. Chegg’s revenue for the quarter was up 16.5% compared to the same quarter last year. equities research analysts expect that Chegg Inc will post 0.1 EPS for the current year.

CHGG has been the topic of a number of recent research reports. Barrington Research reaffirmed an “outperform” rating and issued a $22.00 target price (up from $19.00) on shares of Chegg in a report on Tuesday. JPMorgan Chase & Co. raised their target price on Chegg from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday. Lake Street Capital raised their target price on Chegg from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Tuesday. BMO Capital Markets reaffirmed a “buy” rating and issued a $20.00 target price on shares of Chegg in a report on Wednesday, January 17th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $20.00 target price on shares of Chegg in a report on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Chegg currently has a consensus rating of “Buy” and a consensus price target of $17.09.

Hedge funds have recently modified their holdings of the business. Amalgamated Bank grew its position in shares of Chegg by 9.0% during the second quarter. Amalgamated Bank now owns 10,916 shares of the technology company’s stock valued at $134,000 after purchasing an additional 905 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of Chegg by 2.2% during the second quarter. Nationwide Fund Advisors now owns 47,047 shares of the technology company’s stock valued at $578,000 after purchasing an additional 1,005 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Chegg by 4.2% during the second quarter. Parametric Portfolio Associates LLC now owns 45,058 shares of the technology company’s stock valued at $554,000 after purchasing an additional 1,823 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Chegg by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 65,306 shares of the technology company’s stock valued at $802,000 after purchasing an additional 2,074 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Chegg by 9.2% during the second quarter. Voya Investment Management LLC now owns 39,586 shares of the technology company’s stock valued at $487,000 after purchasing an additional 3,331 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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