Chegg Inc (NYSE:CHGG) CEO Daniel Rosensweig sold 200,000 shares of Chegg stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $18.00, for a total transaction of $3,600,000.00. Following the transaction, the chief executive officer now directly owns 2,007,689 shares in the company, valued at $36,138,402. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Daniel Rosensweig also recently made the following trade(s):
- On Monday, December 18th, Daniel Rosensweig sold 199,611 shares of Chegg stock. The stock was sold at an average price of $16.00, for a total transaction of $3,193,776.00.
- On Wednesday, December 13th, Daniel Rosensweig sold 389 shares of Chegg stock. The stock was sold at an average price of $16.00, for a total transaction of $6,224.00.
Shares of Chegg Inc (NYSE CHGG) traded down $0.16 during trading hours on Wednesday, hitting $18.99. 2,480,000 shares of the company were exchanged, compared to its average volume of 1,010,000. The stock has a market cap of $2,060.00, a P/E ratio of -90.43, a P/E/G ratio of 6.42 and a beta of 1.74. Chegg Inc has a 52 week low of $7.21 and a 52 week high of $19.96.
Large investors have recently modified their holdings of the stock. Teachers Advisors LLC raised its stake in Chegg by 10.1% in the 4th quarter. Teachers Advisors LLC now owns 172,428 shares of the technology company’s stock valued at $2,814,000 after acquiring an additional 15,876 shares during the period. Clearbridge Investments LLC raised its stake in Chegg by 184.1% in the 4th quarter. Clearbridge Investments LLC now owns 1,927,665 shares of the technology company’s stock valued at $31,459,000 after acquiring an additional 1,249,178 shares during the period. Fred Alger Management Inc. raised its stake in Chegg by 15.0% in the 4th quarter. Fred Alger Management Inc. now owns 3,061,063 shares of the technology company’s stock valued at $49,957,000 after acquiring an additional 399,517 shares during the period. TimesSquare Capital Management LLC raised its stake in Chegg by 2.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 3,106,385 shares of the technology company’s stock valued at $50,696,000 after acquiring an additional 80,480 shares during the period. Finally, Selkirk Management LLC raised its stake in Chegg by 22.4% in the 4th quarter. Selkirk Management LLC now owns 328,000 shares of the technology company’s stock valued at $5,353,000 after acquiring an additional 60,000 shares during the period.
A number of equities analysts have issued reports on CHGG shares. BMO Capital Markets reaffirmed a “buy” rating and set a $20.00 price objective on shares of Chegg in a report on Wednesday, January 17th. Barrington Research reaffirmed an “outperform” rating and set a $19.00 price objective (up from $17.00) on shares of Chegg in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Chegg from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. JPMorgan Chase & Co. boosted their price target on shares of Chegg from $15.00 to $18.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Finally, First Analysis downgraded shares of Chegg from an “overweight” rating to an “equal weight” rating and set a $18.00 price target on the stock. in a report on Tuesday, October 31st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Chegg has an average rating of “Buy” and an average target price of $17.09.
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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.
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