Chegg Inc (NYSE:CHGG) VP Robin Tomasello sold 37,268 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $21.83, for a total value of $813,560.44. Following the completion of the sale, the vice president now owns 154,603 shares of the company’s stock, valued at $3,374,983.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Robin Tomasello also recently made the following trade(s):
- On Friday, March 16th, Robin Tomasello sold 138,949 shares of Chegg stock. The shares were sold at an average price of $21.65, for a total value of $3,008,245.85.
Chegg Inc (CHGG) opened at $21.28 on Friday. Chegg Inc has a 52 week low of $7.91 and a 52 week high of $23.22.
Chegg (NYSE:CHGG) last released its quarterly earnings results on Monday, February 12th. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Chegg had a negative return on equity of 2.37% and a negative net margin of 7.95%. The company had revenue of $73.51 million for the quarter, compared to analysts’ expectations of $70.61 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year. equities research analysts predict that Chegg Inc will post 0.12 EPS for the current year.
Large investors have recently added to or reduced their stakes in the business. Swiss National Bank lifted its stake in Chegg by 30.9% during the third quarter. Swiss National Bank now owns 150,100 shares of the technology company’s stock worth $2,227,000 after purchasing an additional 35,400 shares in the last quarter. Columbus Circle Investors acquired a new position in Chegg during the third quarter worth $14,234,000. 1492 Capital Management LLC acquired a new position in Chegg during the third quarter worth $453,000. California Public Employees Retirement System acquired a new position in Chegg during the second quarter worth $408,000. Finally, Granahan Investment Management Inc. MA lifted its stake in Chegg by 31.1% during the third quarter. Granahan Investment Management Inc. MA now owns 714,949 shares of the technology company’s stock worth $10,610,000 after purchasing an additional 169,709 shares in the last quarter.
A number of research analysts recently commented on CHGG shares. BMO Capital Markets reiterated a “buy” rating and issued a $20.00 price objective on shares of Chegg in a report on Wednesday, January 17th. Northland Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of Chegg in a report on Tuesday, January 9th. Citigroup started coverage on Chegg in a report on Monday, November 20th. They issued a “buy” rating and a $19.00 price objective on the stock. Morgan Stanley started coverage on Chegg in a report on Monday, February 26th. They issued an “equal weight” rating and a $23.00 price objective on the stock. Finally, ValuEngine cut Chegg from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Chegg has an average rating of “Hold” and an average price target of $17.92.
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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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