Chegg Inc (NYSE:CHGG) General Counsel Dave Jr. Borders sold 6,657 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $36.52, for a total value of $243,113.64. Following the completion of the sale, the general counsel now owns 338,928 shares of the company’s stock, valued at approximately $12,377,650.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dave Jr. Borders also recently made the following trade(s):

  • On Wednesday, May 1st, Dave Jr. Borders sold 116,976 shares of Chegg stock. The shares were sold at an average price of $35.78, for a total value of $4,185,401.28.
  • On Monday, April 1st, Dave Jr. Borders sold 15,000 shares of Chegg stock. The stock was sold at an average price of $37.55, for a total transaction of $563,250.00.

Shares of NYSE CHGG traded up $0.61 during mid-day trading on Wednesday, reaching $37.58. The company had a trading volume of 1,450,667 shares, compared to its average volume of 1,910,900. Chegg Inc has a twelve month low of $22.67 and a twelve month high of $41.69. The company has a current ratio of 13.96, a quick ratio of 13.96 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $4.26 billion, a PE ratio of 417.56, a price-to-earnings-growth ratio of 6.31 and a beta of 1.12.

Chegg (NYSE:CHGG) last posted its earnings results on Monday, April 29th. The technology company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.09). The business had revenue of $97.40 million for the quarter, compared to analyst estimates of $94.69 million. Chegg had a positive return on equity of 4.73% and a negative net margin of 4.86%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. As a group, analysts predict that Chegg Inc will post 0.19 EPS for the current year.

CHGG has been the topic of a number of research reports. Citigroup downgraded shares of Chegg from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research note on Friday, February 8th. Craig Hallum upped their price target on shares of Chegg from $34.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, February 12th. Lake Street Capital upped their price target on shares of Chegg to $33.00 and gave the stock a “hold” rating in a research note on Tuesday, February 12th. Barrington Research reaffirmed an “outperform” rating and issued a $44.00 price target (up from $32.00) on shares of Chegg in a research note on Tuesday, February 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Chegg to $42.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Chegg has a consensus rating of “Buy” and an average price target of $39.40.

A number of institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. increased its position in Chegg by 41.4% during the first quarter. Baillie Gifford & Co. now owns 11,636,625 shares of the technology company’s stock worth $443,588,000 after buying an additional 3,405,917 shares during the last quarter. BlackRock Inc. increased its position in Chegg by 10.5% during the first quarter. BlackRock Inc. now owns 8,122,187 shares of the technology company’s stock worth $309,618,000 after buying an additional 769,776 shares during the last quarter. Sylebra HK Co Ltd increased its position in Chegg by 4.5% during the fourth quarter. Sylebra HK Co Ltd now owns 6,946,262 shares of the technology company’s stock worth $197,413,000 after buying an additional 301,487 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Chegg by 0.8% during the first quarter. Artisan Partners Limited Partnership now owns 2,119,720 shares of the technology company’s stock worth $80,804,000 after buying an additional 16,848 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in Chegg by 37.7% during the fourth quarter. Lord Abbett & CO. LLC now owns 1,859,586 shares of the technology company’s stock worth $52,849,000 after buying an additional 508,963 shares during the last quarter.

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About Chegg

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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