Chegg Inc (NYSE:CHGG) insider Michael A. Osier sold 48,750 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $17.08, for a total transaction of $832,650.00. Following the transaction, the insider now owns 630,652 shares in the company, valued at $10,771,536.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Chegg Inc (NYSE:CHGG) opened at $16.99 on Friday. Chegg Inc has a 52-week low of $6.84 and a 52-week high of $17.16.

Chegg (NYSE:CHGG) last issued its earnings results on Monday, October 30th. The technology company reported $0.01 earnings per share (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 firm had revenue of $62.60 million for the quarter, compared to analysts’ expectations of $57.75 million. During the same quarter last year, the business earned ($0.17) earnings per share. The business’s revenue was down 12.2% on a year-over-year basis. research analysts expect that Chegg Inc will post -0.09 earnings per share for the current year.

Several institutional investors have recently modified their holdings of CHGG. Schwab Charles Investment Management Inc. grew its holdings in shares of Chegg by 10.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 253,137 shares of the technology company’s stock worth $3,112,000 after purchasing an additional 23,678 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Chegg by 2.6% in the second 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 during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Chegg by 1,829.9% in the second quarter. BNP Paribas Arbitrage SA now owns 9,051 shares of the technology company’s stock worth $111,000 after purchasing an additional 8,582 shares during the last quarter. Swiss National Bank grew its holdings in shares of Chegg by 21.6% in the second quarter. Swiss National Bank now owns 114,700 shares of the technology company’s stock worth $1,410,000 after purchasing an additional 20,400 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Chegg by 13.5% in the second quarter. Alliancebernstein L.P. now owns 103,700 shares of the technology company’s stock worth $1,274,000 after purchasing an additional 12,300 shares during the last quarter.

CHGG has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Chegg from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Citigroup initiated coverage on shares of Chegg in a research report on Monday, November 20th. They set a “buy” rating and a $19.00 price target on the stock. Barrington Research reiterated an “outperform” rating and set a $19.00 price target (up from $17.00) on shares of Chegg in a research report on Tuesday, October 31st. Northland Securities reiterated a “buy” rating and set a $20.00 price target on shares of Chegg in a research report on Tuesday, January 9th. Finally, BidaskClub cut shares of Chegg from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.45.

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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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