Chegg Inc (NYSE:CHGG) insider Andrew J. Brown sold 87,500 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $22.57, for a total transaction of $1,974,875.00. Following the sale, the insider now directly owns 709,572 shares of the company’s stock, valued at $16,015,040.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Chegg Inc (CHGG) opened at $22.23 on Friday. Chegg Inc has a one year low of $7.84 and a one year high of $23.22. The firm has a market cap of $2,380.00, a PE ratio of -105.86, a P/E/G ratio of 7.74 and a beta of 1.49.
Chegg (NYSE:CHGG) last released its quarterly earnings data on Monday, February 12th. The technology company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. Chegg had a negative net margin of 7.95% and a negative return on equity of 2.37%. The company had revenue of $73.51 million during the quarter, compared to analyst estimates of $70.61 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. analysts predict that Chegg Inc will post 0.12 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in CHGG. Vanguard Group Inc. raised its holdings in Chegg by 22.7% in the second quarter. Vanguard Group Inc. now owns 3,232,947 shares of the technology company’s stock worth $39,733,000 after purchasing an additional 597,063 shares in the last quarter. California Public Employees Retirement System bought a new position in Chegg in the second quarter worth about $408,000. Parametric Portfolio Associates LLC raised its holdings in Chegg by 4.2% in the second quarter. Parametric Portfolio Associates LLC now owns 45,058 shares of the technology company’s stock worth $554,000 after purchasing an additional 1,823 shares in the last quarter. Stifel Financial Corp bought a new position in Chegg in the second quarter worth about $116,000. Finally, State Street Corp raised its holdings in Chegg by 10.5% in the second quarter. State Street Corp now owns 1,471,490 shares of the technology company’s stock worth $18,086,000 after purchasing an additional 139,563 shares in the last quarter.
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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.
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