Chegg, Inc. (NYSE:CHGG) insider Charles Geiger sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $14.53, for a total value of $726,500.00. Following the transaction, the insider now directly owns 561,500 shares of the company’s stock, valued at approximately $8,158,595. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Friday, September 1st, Charles Geiger sold 70,300 shares of Chegg stock. The shares were sold at an average price of $13.84, for a total value of $972,952.00.
  • On Tuesday, August 15th, Charles Geiger sold 50,000 shares of Chegg stock. The shares were sold at an average price of $15.28, for a total value of $764,000.00.
  • On Tuesday, August 1st, Charles Geiger sold 81,968 shares of Chegg stock. The shares were sold at an average price of $13.55, for a total value of $1,110,666.40.
  • On Monday, July 17th, Charles Geiger sold 50,000 shares of Chegg stock. The shares were sold at an average price of $13.73, for a total value of $686,500.00.
  • 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 value of $606,500.00.

Shares of Chegg, Inc. (CHGG) traded up 1.10% during midday trading on Monday, reaching $14.75. The company had a trading volume of 460,327 shares. Chegg, Inc. has a 52-week low of $6.51 and a 52-week high of $15.95. The company’s 50-day moving average is $14.53 and its 200-day moving average is $11.73. The firm’s market cap is $1.42 billion.

Chegg (NYSE:CHGG) last posted its earnings results on Tuesday, July 25th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). Chegg had a negative net margin of 11.83% and a negative return on equity of 8.10%. The business had revenue of $56.30 million during the quarter, compared to analyst estimates of $53.33 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. Equities research analysts expect that Chegg, Inc. will post $0.24 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of CHGG. Russell Investments Group Ltd. grew its stake in Chegg by 20.5% in the first quarter. Russell Investments Group Ltd. now owns 401,780 shares of the technology company’s stock valued at $3,391,000 after acquiring an additional 68,448 shares during the period. Wells Fargo & Company MN grew its stake in Chegg by 64.4% in the first quarter. Wells Fargo & Company MN now owns 88,677 shares of the technology company’s stock valued at $748,000 after acquiring an additional 34,743 shares during the period. US Bancorp DE grew its stake in Chegg by 4.3% in the first quarter. US Bancorp DE now owns 11,868 shares of the technology company’s stock valued at $100,000 after acquiring an additional 488 shares during the period. Bank of New York Mellon Corp grew its stake in Chegg by 7.7% in the first quarter. Bank of New York Mellon Corp now owns 330,216 shares of the technology company’s stock valued at $2,787,000 after acquiring an additional 23,586 shares during the period. Finally, UBS Asset Management Americas Inc. grew its stake in Chegg by 137.8% in the first quarter. UBS Asset Management Americas Inc. now owns 26,874 shares of the technology company’s stock valued at $227,000 after acquiring an additional 15,574 shares during the period. 84.80% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on CHGG. BMO Capital Markets reiterated an “outperform” rating and issued a $18.00 price target (up previously from $16.00) on shares of Chegg in a research report on Wednesday, July 26th. Northland Securities reiterated a “buy” rating and issued a $16.00 price target on shares of Chegg in a research report on Friday, July 28th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $15.00 price target (up previously from $12.00) on shares of Chegg in a research report on Wednesday, July 26th. Lake Street Capital lowered Chegg from a “buy” rating to a “hold” rating and increased their price target for the company from $12.00 to $14.00 in a research report on Wednesday, July 26th. Finally, Zacks Investment Research upgraded Chegg from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Chegg presently has a consensus rating of “Buy” and a consensus price target of $13.68.

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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