Renee Varni Budig Buys Shares of Chegg, Inc.
Insider Renee Varni Budig purchased 55,000 shares of Chegg, Inc. on June 12, 2026.
Key Points
- Renee Varni Budig purchased 55,000 shares of Chegg, Inc. on June 12, 2026.
- Chegg's market cap stands at $124.3 million with a current stock price of $1.11.
- Vanguard Capital Management LLC holds 4,528,039 shares worth about $3.36 million.
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On June 12, 2026, Renee Varni Budig made a significant move by purchasing 55,000 shares of Chegg, Inc. This insider buying activity comes as the company's stock trades on the NYSE under the ticker CHGG at around $1.11 per share.
Other Institutional Activity in Chegg, Inc.
Vanguard Capital Management LLC significantly increased its holdings, adding 4,528,039 shares to end with a total of 4,528,039 shares valued at approximately $3.36 million. Meanwhile, Acadian Asset Management LLC reduced its position by 38,495 shares, holding 4,383,737 shares worth about $3.25 million. Charles Schwab Investment Management Inc. cut its stake by 687,637 shares, leaving it with 4,157,167 shares valued at $3.08 million. Renaissance Technologies LLC made a small addition of 10,820 shares, bringing its total to 3,346,800 shares valued at $2.48 million. Quinn Opportunity Partners LLC kept its position steady with 2,236,766 shares worth around $1.66 million.
Chegg, Inc. Stock Up 30.3%
Shares of NYSE:CHGG are trading near $1.11. Chegg, Inc. has a market capitalization of approximately $124.3 million. The stock's 52-week range spans from a low of $0.45 to a high of $1.90. The company has a 50-day moving average of $1.11 and a 200-day moving average of $1.03. Chegg's beta is 2.159, indicating higher volatility compared to the market.
$CHGG stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Chegg reported revenue of $318.8 million, though it experienced a revenue decline of 47.9%. The company posted a net margin of -26.9% and a return on equity of -55.9%. The next earnings report is scheduled for August 3, 2026.
Insider Buying and Selling at Chegg, Inc.
On June 12, 2026, several insiders made stock transactions at Chegg, Inc. Renee Varni Budig, Marne Levine, Ted Schlein, and Marcela Martin each purchased 55,000 shares. In contrast, Daniel Rosensweig, the President, CEO, and Executive Chairman, sold 8,293 shares at an average price of $1.11. David Longo, CFO and Treasurer, sold 63,600 shares on April 12, 2026, at a price of $0.80.
Analysts Set New Price Targets
Analysts have varied views on Chegg, Inc. Piper Sandler maintained a 'sell' rating with a $1.00 price target on February 25, 2025. Morgan Stanley downgraded the stock to 'sell' with a $1.25 target on January 14, 2025. The consensus target price is around $2.79, with six analysts providing opinions.
About Chegg, Inc.
Chegg, Inc. offers a learning platform aimed at helping students and lifelong learners acquire new skills. Based in Santa Clara, California, Chegg provides subscription services like Chegg Study, Chegg Writing, and Chegg Math. These services offer personalized learning support, writing tools, and math problem-solving assistance. The company, led by CEO Daniel Lee Rosensweig, also rents and sells textbooks and offers advertising services.
Bottom Line
Renee Varni Budig's recent purchase of Chegg shares highlights ongoing interest in the company despite its recent challenges. Chegg's volatile stock price and institutional activity reflect its ongoing efforts to navigate a competitive educational services market. Investors will be watching closely for the upcoming earnings report on August 3, 2026, for further insights into the company's performance.
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