Ted Schlein Purchases Chegg, Inc. Shares

Ted Schlein, a notable figure associated with Chegg, Inc., purchased 55,000 shares of the company on June 12, 2026. This insider transaction did not involve a pre-planned trading program and reflects Schlein's direct acquisition of shares.

What Changed in Ted Schlein's Chegg, Inc. Position

Ted Schlein's acquisition of 55,000 shares of Chegg, Inc. marks a direct purchase, indicating a personal investment in the company. The transaction was completed on June 12, 2026, without a predetermined plan, suggesting confidence in Chegg's future potential.

Other Institutional Activity in Chegg, Inc.

Institutional investors have shown varied interest in Chegg, Inc. Vanguard Capital Management LLC increased its holdings significantly by 4,528,039 shares, resulting in a total of 4,528,039 shares valued at approximately $3.36 million. On the other hand, Acadian Asset Management LLC reduced its stake by 38,495 shares, holding 4,383,737 shares worth about $3.25 million. Charles Schwab Investment Management Inc. also trimmed its position by 687,637 shares, concluding with 4,157,167 shares valued at around $3.08 million. Meanwhile, Renaissance Technologies LLC slightly increased its stake by 10,820 shares, bringing its total to 3,346,800 shares, valued at approximately $2.48 million.

Chegg, Inc. Stock Snapshot

Shares of NYSE:CHGG are trading near $1.11. Chegg, Inc. has a market cap of $124.3 million and a forward P/E ratio of -6.85, indicating it is not currently profitable. The stock's beta is 2.159, suggesting higher volatility compared to the market. Over the past year, the stock has seen a low of $0.45 and a high of $1.90. The 50-day moving average stands at $1.11, while the 200-day moving average is $1.03.

Recent Earnings

Chegg, Inc. reported revenue of $318.8 million, although this represents a decline of 47.9% compared to previous periods. The company posted a net margin of -26.9% and a return on equity of -55.9%, reflecting ongoing challenges in achieving profitability. The next earnings report is expected on August 3, 2026.

Insider Buying and Selling at Chegg, Inc.

In addition to Ted Schlein, several other insiders engaged in transactions on June 12, 2026. Marne Levine, Marcela Martin, and Renee Varni Budig each purchased 55,000 shares. Meanwhile, 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 an average price of $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' recommendation, with a mean price target of $2.79 based on six analyst opinions.

About Chegg, Inc.

Chegg, Inc. is a company based in Santa Clara, California, that provides a learning platform aimed at enhancing skills for students and businesses. The company offers subscription services like Chegg Study and Chegg Writing, which provide personalized learning support and writing tools. Chegg also rents and sells textbooks and eTextbooks and offers a skills-based learning platform covering areas like AI and cybersecurity. Founded in 2005, Chegg is led by CEO Daniel Lee Rosensweig and employs around 564 people.

Bottom Line

Ted Schlein's purchase of Chegg shares adds to the mix of insider activity at the company, which investors often watch for indications of confidence. Chegg's stock remains volatile, with a market cap of $124.3 million and no current profitability. Institutional and analyst activities also reflect mixed sentiments, with some increasing their positions while others reduce or maintain a cautious outlook.