Insider Sales at Chegg (CHGG) Extends the Selling Trend of Last Quarter

Wednesday, January 03, 2018 10:15 PM ET

Insider Sales at Chegg (CHGG) Extends the Selling Trend of Last Quarter

Three insiders — Michael A Osier, Officer, Esther Lem, Officer, and Dave Borders Jr, Officer — today, disposed of 72,491 shares of Chegg having a market value of approximately $1,204,429, as disclosed in form 4 documents filed with the SEC. There have been 4 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 594,928 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 667,419 shares and have averaged 95,346 shares per transaction over this time period.

Compared to its peers over the last 90 days, insider buy/sell trading at Chegg is higher than the 7-company peer group average. Education & Training Information Providers peer group saw 7 buy/sell trades during this period for an average of 1.0 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 594,928 shares sold with company insiders selling 84,990 shares on average.

The data obtained in composing and writing in this story eliminates 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.

Today’s Insider Activity
* Michael A Osier, Officer, sold 27,916 shares
* Esther Lem, Officer, sold 30,600 shares
* Dave Borders Jr, Officer, sold 13,975 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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