Marne Levine Acquires 55,000 Shares of Chegg, Inc.

On June 12, 2026, Marne Levine, an insider at Chegg, Inc., bought 55,000 shares of the company. This purchase reflects a notable insider interest in Chegg, a company that provides educational services and learning platforms.

Other Institutional Activity in Chegg, Inc.

Vanguard Capital Management LLC significantly increased its holdings in Chegg, 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, leaving it with 4,383,737 shares worth about $3.25 million. Charles Schwab Investment Management Inc. also trimmed its shares by 687,637, resulting in a total of 4,157,167 shares valued at $3.08 million. On the other hand, Renaissance Technologies LLC added 10,820 shares, bringing its total to 3,346,800 shares valued at around $2.48 million.

Chegg, Inc. Stock Up 30.3%

Shares of Chegg, Inc. (NYSE: CHGG) are trading near $1.11. The company has a market capitalization of approximately $124.3 million. Chegg is currently not profitable, resulting in no meaningful P/E ratio. The stock has a beta of 2.159, indicating higher volatility compared to the market. Over the past 52 weeks, Chegg's stock has traded as low as $0.45 and as high as $1.90, with a 50-day moving average of $1.11 and a 200-day moving average of $1.03.

Recent Earnings

In its latest earnings report, 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%. With an EPS of -$0.79, Chegg is currently not profitable. The next earnings report is expected on August 3, 2026.

Insider Buying and Selling at Chegg, Inc.

On June 12, 2026, several insiders at Chegg made transactions. Marne Levine, Ted Schlein, Marcela Martin, and Renee Varni Budig each bought 55,000 shares. In contrast, Daniel Rosensweig, President, CEO, and Executive Chairman, sold 8,293 shares at an average price of $1.11. Earlier, on April 12, 2026, CFO David Longo sold 63,600 shares at $0.80.

Analysts Set New Price Targets

Piper Sandler maintained a "sell" rating on Chegg with a price target of $1.00 on February 25, 2025. Morgan Stanley downgraded the stock to "sell" with a target of $1.25 on January 14, 2025. The consensus among analysts is a "hold" rating, with a mean price target of $2.79 based on 6 analyst opinions.

About Chegg, Inc.

Chegg, Inc. is an education technology company based in Santa Clara, California. It offers a variety of learning tools and services, including Chegg Study, Chegg Writing, and Chegg Math, aimed at helping students and lifelong learners succeed. The company also provides skills-based learning platforms in areas like AI and data analytics, and it rents and sells textbooks. Chegg was founded in 2005 and is led by CEO Daniel Lee Rosensweig.

Bottom Line

Marne Levine's recent purchase of 55,000 shares of Chegg highlights insider interest in the company. Chegg's stock is currently trading at around $1.11, with a market cap of $124.3 million. While the company is facing challenges with profitability, it remains a key player in the education technology sector. Keep in mind that insider transactions are disclosed after the fact and may not indicate current trading activity.