Chegg (CHGG) Insider Marne Levine Buys 119,784 Shares
Marne Levine made a significant purchase of Chegg shares amid ongoing insider buying activity.
Reviewed by automated data checks against the source filing. How we make and check alerts
Marne Levine bought 119,784 shares of Chegg, Inc. ($CHGG) on June 16, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $CHGG is down 6.9% after 1 week, down 32.8% after 1 month and down 37.1% to date (from the $1.16 close on Jun 16, 2026).
CHGG
Chegg, Inc.
Key Points
- On June 16, 2026, Marne Levine purchased 119,784 shares of Chegg, Inc. at a spot price of $1.05, valued at about $125,000.
- Chegg, which focuses on educational services, has seen notable insider buying, with multiple executives acquiring shares recently.
- The company's stock trades near its 52-week high of $1.90, reflecting a recovery from a low of $0.45.
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Marne Levine's Purchase Details
On June 16, 2026, Marne Levine bought 119,784 shares of Chegg, Inc. (NYSE: CHGG) at a spot price of $1.05. This purchase is valued at about $125,000. This transaction reflects ongoing insider interest in the company, which has faced challenges in the market.
Insider Buying and Selling at Chegg, Inc.
Marne Levine's purchase is part of a broader trend of insider buying at Chegg. On the same day, several other insiders, including Ted Schlein and Marcela Martin, also acquired 119,784 shares each. This strong insider activity indicates confidence in the company’s future, especially after recent struggles.
How Chegg, Inc. Stock Has Traded
Chegg's stock is currently trading at $1.05, which is close to its 52-week high of $1.90. The stock has rebounded from a low of $0.45, showing some recovery in the market. Given the recent insider purchases, investors might be watching closely to see if this trend continues.
Recent Insider Activity
In addition to Marne Levine's recent purchase, on June 12, 2026, Renee Varni Budig and Marcela Martin each bought 55,000 shares of Chegg at an unspecified price. Earlier, on the same day, CEO Daniel Rosensweig sold 8,293 shares at about $1.11. While selling can raise questions, it’s important to note that these insider trades can reflect personal financial strategies rather than company outlooks.
What Chegg, Inc. Does
Chegg, Inc. provides educational resources and services to students and businesses. Its offerings include study help, writing assistance, and skills development in areas like coding and data analytics. The recent surge in insider buying may signal a belief in the company's potential to overcome current challenges.
What's Ahead for Chegg, Inc.
Chegg is scheduled to report its next earnings on November 9, 2026. Investors will be keen to see how the company’s strategies play out in light of the recent insider activity. Remember, the filings reflect past positions and may not represent current holdings.
Related Filing Alerts
Source: Marne Levine's Form 4 filing on $CHGG (Jun 16, 2026). Find the original filing: CHGG Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts