Chegg Inc (NYSE:CHGG) Director John E. York sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $41.06, for a total transaction of $513,250.00. Following the sale, the director now directly owns 20,714 shares in the company, valued at $850,516.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of NYSE:CHGG opened at $39.66 on Friday. Chegg Inc has a 52 week low of $19.50 and a 52 week high of $41.69. The company has a current ratio of 8.29, a quick ratio of 8.29 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 440.67, a PEG ratio of 8.80 and a beta of 1.32.
Chegg (NYSE:CHGG) last issued its earnings results on Monday, February 11th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $95.68 million during the quarter, compared to analysts’ expectations of $91.74 million. Chegg had a negative net margin of 4.64% and a positive return on equity of 4.31%. On average, research analysts forecast that Chegg Inc will post 0.16 earnings per share for the current year.
A number of large investors have recently modified their holdings of CHGG. Bank of New York Mellon Corp boosted its stake in Chegg by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 419,470 shares of the technology company’s stock worth $11,657,000 after purchasing an additional 5,910 shares during the period. Bank of Montreal Can boosted its stake in Chegg by 612.4% during the 3rd quarter. Bank of Montreal Can now owns 5,920 shares of the technology company’s stock worth $168,000 after purchasing an additional 5,089 shares during the period. First Trust Advisors LP boosted its stake in Chegg by 6.6% during the 3rd quarter. First Trust Advisors LP now owns 140,638 shares of the technology company’s stock worth $3,998,000 after purchasing an additional 8,690 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Chegg by 9.4% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 38,436 shares of the technology company’s stock worth $1,093,000 after purchasing an additional 3,300 shares during the period. Finally, US Bancorp DE boosted its stake in Chegg by 309.5% during the 3rd quarter. US Bancorp DE now owns 13,363 shares of the technology company’s stock worth $381,000 after purchasing an additional 10,100 shares during the period. Hedge funds and other institutional investors own 99.50% of the company’s stock.
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Chegg, Inc operates direct-to-student learning platform that supports students on their journey from high school to college and into their career with tools designed to help them pass their test, pass their class, and save money on required materials. The company offers Chegg Services, which include digital products and services; and required materials that comprise its print textbooks and eTextbooks.
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