Chegg Inc (CHGG) Insider Esther Lem Sells 9,400 Shares

Chegg Inc (NYSE:CHGG) insider Esther Lem sold 9,400 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $17.00, for a total value of $159,800.00. Following the transaction, the insider now owns 505,120 shares of the company’s stock, valued at $8,587,040. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Tuesday, January 2nd, Esther Lem sold 30,000 shares of Chegg stock. The stock was 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 transaction 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 transaction 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 transaction of $143,600.00.

Shares of Chegg Inc (NYSE:CHGG) traded down $0.19 during trading hours on Friday, reaching $16.74. 565,676 shares of the company’s stock were exchanged, compared to its average volume of 572,867. The stock has a market capitalization of $1,820.00, a price-to-earnings ratio of -64.38, a PEG ratio of 6.58 and a beta of 1.79. Chegg Inc has a one year low of $6.84 and a one year 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, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $62.60 million during the quarter, compared to analyst estimates of $57.75 million. Chegg had a negative net margin of 10.40% and a negative return on equity of 5.06%. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.17) earnings per share. equities analysts predict that Chegg Inc will post -0.09 earnings per share for the current year.

Several brokerages have weighed in on CHGG. Northland Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of Chegg in a research note on Tuesday. Zacks Investment Research downgraded shares of Chegg from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. BidaskClub upgraded shares of Chegg from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Citigroup started coverage on shares of Chegg in a research report on Monday, November 20th. They set a “buy” rating and a $19.00 price objective for the company. Finally, First Analysis downgraded shares of Chegg from an “overweight” rating to an “equal weight” rating and set a $18.00 target price for the company. in a report on Tuesday, October 31st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Chegg has a consensus rating of “Buy” and an average target price of $15.58.

A number of institutional investors and hedge funds have recently made changes to their positions in CHGG. Gilder Gagnon Howe & Co. LLC lifted its holdings in Chegg by 56.3% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 7,042,911 shares of the technology company’s stock worth $104,517,000 after buying an additional 2,538,026 shares in the last quarter. Sylebra HK Co Ltd increased its position in shares of Chegg by 3.8% during the third quarter. Sylebra HK Co Ltd now owns 6,956,896 shares of the technology company’s stock worth $103,240,000 after acquiring an additional 257,847 shares during the period. Vanguard Group Inc. increased its position in shares of Chegg by 22.7% during the second quarter. Vanguard Group Inc. now owns 3,232,947 shares of the technology company’s stock worth $39,733,000 after acquiring an additional 597,063 shares during the period. Emerald Advisers Inc. PA increased its position in shares of Chegg by 11.4% during the third quarter. Emerald Advisers Inc. PA now owns 2,799,392 shares of the technology company’s stock worth $41,543,000 after acquiring an additional 287,498 shares during the period. Finally, Fred Alger Management Inc. acquired a new stake in shares of Chegg in the second quarter valued at $31,014,000.

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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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