Ted Schlein Buys Shares of Chegg, Inc.
On June 16, 2026, Ted Schlein purchased 119,784 shares of Chegg, Inc.
Key Points
- Ted Schlein acquired 119,784 shares of Chegg, Inc. on June 16, 2026, with the stock trading at $1.05 on Monday.
- Chegg, Inc. has a market cap of approximately $117.6 million and a 52-week range of $0.45 to $1.90.
- Vanguard Capital Management LLC opened a new position in Chegg, while Acadian Asset Management LLC reduced its stake by 38,495 shares.
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On June 16, 2026, Ted Schlein bought 119,784 shares of Chegg, Inc. (NYSE:CHGG). This insider purchase comes as the stock traded at $1.05 on Monday.
Insider Buying and Selling at Chegg, Inc.
Ted Schlein wasn't alone in buying Chegg shares. On the same day, Martin Marcela, Marne Levine, and Renee Varni Budig each bought 119,784 shares. Earlier, on June 12, 2026, Daniel Rosensweig, Chegg's President, CEO, and Executive Chairman, sold 8,293 shares at an average price of $1.11.
Other Institutional Activity in Chegg, Inc.
Vanguard Capital Management LLC opened a new position in Chegg, acquiring 4,528,039 shares valued at about $3.36 million. Acadian Asset Management LLC trimmed its holdings by 38,495 shares, resulting in a total of 4,383,737 shares worth approximately $3.25 million. Charles Schwab Investment Management Inc. reduced its position by 687,637 shares, leaving it with 4,157,167 shares valued at around $3.08 million. Meanwhile, Renaissance Technologies LLC slightly increased its stake by 10,820 shares, totaling 3,346,800 shares valued at $2.48 million.
Chegg, Inc. Stock Up 24.3%
Shares of NYSE:CHGG traded near $1.05 on Monday. Chegg, Inc. has a market capitalization of roughly $117.6 million. The company currently isn't profitable, as indicated by a forward P/E ratio of -6.48. The stock's 52-week range is between $0.45 and $1.90, with a 50-day moving average of $1.13 and a 200-day moving average of $1.02. Chegg's current ratio is 1.036, quick ratio is 0.783, and it has a debt-to-equity ratio of 42.734.
$CHGG stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Chegg reported revenue of $318.8 million, although it faced a revenue decline of 47.9%. The company is not currently profitable, with a net margin of -26.9% and a return on equity of -55.9%. The next earnings report is expected on August 3, 2026.
Analysts Set New Price Targets
Analysts have mixed views on Chegg. On February 25, 2025, Piper Sandler maintained a sell rating with a $1.00 price target. On January 14, 2025, Morgan Stanley downgraded the stock to sell with a $1.25 target. The consensus target price among analysts is $2.79, based on six opinions.
About Chegg, Inc.
Chegg, Inc. is a provider of educational services and resources, aimed at enhancing skills for both students and workforce professionals. The company offers a variety of subscription services like Chegg Study, Chegg Writing, and Chegg Math, which provide learning support and tools such as plagiarism detection and writing feedback. Chegg also offers a platform for learning technical skills like AI and cybersecurity. Established in 2005, Chegg is headquartered in Santa Clara, California, and is led by CEO Daniel Lee Rosensweig.
Bottom Line
Ted Schlein's purchase of Chegg shares is part of a broader series of insider transactions. Chegg's stock performance and financials reflect its ongoing challenges in the education sector. Investors keep a close watch on such insider activities and institutional movements as they provide insights into the company's strategic direction and market confidence.
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