Chegg, Inc. (NYSE:CHGG) insider Charles Geiger sold 56,970 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $14.96, for a total transaction of $852,271.20. Following the sale, the insider now directly owns 543,470 shares of the company’s stock, valued at approximately $8,130,311.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, September 15th, Charles Geiger sold 50,000 shares of Chegg stock. The shares were sold at an average price of $14.53, for a total transaction of $726,500.00.
  • 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 transaction 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 transaction 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 transaction 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 transaction of $686,500.00.

Chegg, Inc. (CHGG) opened at 15.41 on Friday. The firm’s 50-day moving average is $14.58 and its 200-day moving average is $12.32. Chegg, Inc. has a 1-year low of $6.51 and a 1-year high of $15.95. The firm’s market capitalization is $1.48 billion.

Chegg (NYSE:CHGG) last announced its quarterly earnings data 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 quarter in the prior year, the company posted $0.05 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities analysts anticipate that Chegg, Inc. will post $0.24 EPS for the current year.

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CHGG has been the subject of a number of recent research reports. BidaskClub downgraded shares of Chegg from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Chegg from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Friday, July 28th. Northland Securities reaffirmed a “buy” rating and set a $16.00 price objective on shares of Chegg in a research report on Friday, July 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $13.00 price objective on shares of Chegg in a research report on Friday, June 23rd. Finally, Lake Street Capital downgraded shares of Chegg from a “buy” rating to a “hold” rating and boosted their price objective for the company from $12.00 to $14.00 in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $13.68.

Several hedge funds have recently made changes to their positions in CHGG. US Bancorp DE increased its position in shares of Chegg by 4.3% during the 1st quarter. US Bancorp DE now owns 11,868 shares of the technology company’s stock worth $100,000 after purchasing an additional 488 shares in the last quarter. Legal & General Group Plc increased its position in shares of Chegg by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 20,648 shares of the technology company’s stock worth $254,000 after purchasing an additional 525 shares in the last quarter. Amalgamated Bank increased its position in shares of Chegg by 9.0% during the 2nd quarter. Amalgamated Bank now owns 10,916 shares of the technology company’s stock worth $134,000 after purchasing an additional 905 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Chegg by 7.2% during the 1st quarter. Principal Financial Group Inc. now owns 13,743 shares of the technology company’s stock worth $116,000 after purchasing an additional 926 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Chegg by 2.2% during the 2nd quarter. Nationwide Fund Advisors now owns 47,047 shares of the technology company’s stock worth $578,000 after purchasing an additional 1,005 shares in the last quarter. Institutional investors own 84.80% of the company’s stock.

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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