Chegg Inc (NYSE:CHGG) insider Esther Lem sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $16.35, for a total transaction of $327,000.00. Following the completion of the transaction, the insider now owns 555,120 shares in the company, valued at approximately $9,076,212. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Esther Lem also recently made the following trade(s):
- 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 transaction 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 transaction 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 transaction of $161,900.00.
- 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 transaction of $143,600.00.
Shares of Chegg Inc (NYSE:CHGG) traded down $0.19 on Friday, hitting $16.74. 565,676 shares of the stock were exchanged, compared to its average volume of 732,141. The company has a market cap of $1,820.00, a price-to-earnings ratio of -64.38, a price-to-earnings-growth ratio of 6.64 and a beta of 1.79. Chegg Inc has a 52-week low of $6.84 and a 52-week high of $17.04.
Chegg (NYSE:CHGG) last posted its quarterly earnings data on Monday, October 30th. The technology company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. Chegg had a negative net margin of 10.40% and a negative return on equity of 5.06%. The business had revenue of $62.60 million for the quarter, compared to analyst estimates of $57.75 million. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. Chegg’s quarterly revenue was down 12.2% on a year-over-year basis. analysts expect that Chegg Inc will post -0.09 earnings per share for the current year.
A number of large investors have recently bought and sold shares of CHGG. Gilder Gagnon Howe & Co. LLC boosted its stake in Chegg by 56.3% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 7,042,911 shares of the technology company’s stock worth $104,517,000 after acquiring an additional 2,538,026 shares in the last quarter. Fred Alger Management Inc. bought a new stake in Chegg during the second quarter worth about $31,014,000. Millennium TVP Management Co. LLC bought a new stake in Chegg during the third quarter worth about $25,896,000. Lord Abbett & CO. LLC boosted its stake in Chegg by 113.7% during the second quarter. Lord Abbett & CO. LLC now owns 2,117,780 shares of the technology company’s stock worth $26,028,000 after acquiring an additional 1,126,806 shares in the last quarter. Finally, Columbus Circle Investors bought a new stake in Chegg during the third quarter worth about $14,234,000.
A number of equities analysts have issued reports on the stock. Northland Securities restated a “buy” rating and issued a $20.00 price objective on shares of Chegg in a research report on Tuesday. Barrington Research restated an “outperform” rating and issued a $19.00 price objective (up previously from $17.00) on shares of Chegg in a research report on Tuesday, October 31st. First Analysis lowered shares of Chegg from an “overweight” rating to an “equal weight” rating and set a $18.00 target price on the stock. in a research note on Tuesday, October 31st. BidaskClub raised shares of Chegg from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Chegg from $15.00 to $18.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $15.58.
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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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