Monday, November 06, 2017 10:15 PM ET
Chegg (CHGG) sees Significant Insider Selling Continuing
There was a notable insider sale of Chegg shares today, as revealed in a filing with the SEC as — Michael A Osier, Officer — sold 114,928 shares in the company having a market value of approximately $1,688,292 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 14,109 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 129,037 shares and have averaged 64,519 shares per transaction over this time period.
Chegg insider trading represents a higher number of buy/sell trades than for the 7 peer company average over the last 90-day period. The Education & Training Information Providers peer group saw 2 buy/sell trades during this period for an average of 0.3 transactions per company. The number of shares per buy/sell trade for Chegg insiders was also higher. Within the peer group there were 0 shares purchased and 14,109 shares sold with company insiders having sold 7,055 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data used to evaluate and write this story.
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