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Chegg (CHGG)

Chegg is the leading direct-to-student learning platform. Chegg strives to improve educational outcomes by putting the student first. Chegg supports students on their journey from high school to college and into their career with tools designed to help them pass their test, pass their class, and save money on required materials. Chegg is based in Santa Clara, California

Company profile

Ticker
CHGG
Exchange
Website
CEO
Daniel Rosensweig
Employees
Incorporated
Location
Fiscal year end
Former names
CHEGG INC
SEC CIK
Subsidiaries
Cramster Inc. • Cramster Holding Corp. • Chegg Holding Corporation • Chegg India Private Limited • Chegg M.E. Ltd. • Imagine Easy Solutions, LLC • Imagine Easy Technology Solutions GmbH • Thinkful, Inc. • Mathway LLC • Varafy ULC ...
IRS number
203237489

CHGG stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

4 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 404.34M 404.34M 404.34M 404.34M 404.34M 404.34M
Cash burn (monthly) (no burn) 36.45M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 107.65M n/a n/a n/a n/a
Cash remaining n/a 296.7M n/a n/a n/a n/a
Runway (months of cash) n/a 8.1 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Sep 22 Andrew J Brown Common Stock Payment of exercise Dispose F No No 19.95 3,793 75.67K 236,224
1 Sep 22 Andrew J Brown Common Stock Payment of exercise Dispose F No No 19.95 2,888 57.62K 240,017
1 Sep 22 John Paul Fillmore Common Stock Payment of exercise Dispose F No No 19.95 2,703 53.92K 167,013
1 Sep 22 John Paul Fillmore Common Stock Payment of exercise Dispose F No No 19.95 1,847 36.85K 169,716
1 Sep 22 Nathan J. Schultz Common Stock Payment of exercise Dispose F No No 19.95 3,793 75.67K 269,182
1 Sep 22 Nathan J. Schultz Common Stock Payment of exercise Dispose F No No 19.95 2,888 57.62K 272,975
1 Sep 22 Esther Lem Common Stock Payment of exercise Dispose F No No 19.95 1,783 35.57K 184,833
1 Sep 22 Esther Lem Common Stock Payment of exercise Dispose F No No 19.95 1,538 30.68K 186,616
1 Sep 22 Daniel Rosensweig Common Stock Payment of exercise Dispose F No No 19.95 8,216 163.91K 1,776,740
1 Sep 22 Daniel Rosensweig Common Stock Payment of exercise Dispose F No No 19.95 6,217 124.03K 1,784,956
94.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 277 337 -17.8%
Opened positions 43 69 -37.7%
Closed positions 103 66 +56.1%
Increased positions 85 104 -18.3%
Reduced positions 101 114 -11.4%
13F shares Current Prev Q Change
Total value 2.27B 4.48B -49.2%
Total shares 119.93M 121.58M -1.4%
Total puts 2.01M 2.67M -24.7%
Total calls 4.37M 3.71M +17.9%
Total put/call ratio 0.5 0.7 -36.1%
Largest owners Shares Value Change
Baillie Gifford & Co 18.33M $344.25M -1.8%
Vanguard 11.59M $217.61M -0.8%
BLK Blackrock 8.45M $158.68M +42.8%
Capital Research Global Investors 5.18M $97.24M +24.3%
Sands Capital Management 4.76M $89.44M +10.7%
Fred Alger Management 4.04M $75.91M -23.2%
STT State Street 2.66M $50.04M +22.9%
Clearbridge Advisors 2.63M $49.35M -0.0%
Artisan Partners Limited Partnership 2.62M $49.15M -57.1%
Renaissance Technologies 2.46M $46.15M +1062.9%
Largest transactions Shares Bought/sold Change
Artisan Partners Limited Partnership 2.62M -3.48M -57.1%
Wellington Management 2.07M -3.04M -59.5%
BLK Blackrock 8.45M +2.53M +42.8%
JHG Janus Henderson 27.35K -2.31M -98.8%
Renaissance Technologies 2.46M +2.25M +1062.9%
Granahan Investment Management 424.89K -2.17M -83.6%
Ubs Global Asset Management Americas 282.5K -2.11M -88.2%
Valiant Capital Management 1.93M +1.93M NEW
Two Sigma Investments 2.3M +1.53M +198.2%
FHI Federated Hermes 1.69M +1.49M +757.1%

Financial report summary

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Competition
BarnesAppleDuolingoBarnes & Noble Education
Management Discussion
  • Chegg Services revenues increased $15.6 million, or 9% and $38.0 million, or 11% during the three and six months ended June 30, 2022, compared to the same periods in 2021. The increase was primarily due to an increased global brand awareness and penetration, including our acquisition of Busuu, which closed in January 2022, and increased students subscribing to the Chegg Study Pack. Chegg Services revenues were 97% and 94% of net revenues during the three and six months ended June 30, 2022, respectively, and 87% and 85% of net revenues during the three and six months ended June 30, 2021, respectively. Required Materials revenues decreased $19.3 million, or 77% and $37.9 million or 62%, during the three and six months ended June 30, 2022 compared to the same periods in 2021. The decrease was primarily due to lower revenues from print textbooks as we no longer own print textbooks as a result of our partnership with GT beginning in April 2022, lower unit volumes driven by decreased college enrollments, and various print textbook logistic challenges prior to the partnership with GT during the first quarter of 2022. Required Materials revenues were 3% and 6% of net revenues during the three and six months ended June 30, 2022, respectively, and 13% and 15% of net revenues during the three and six months ended June 30, 2021, respectively.

Content analysis

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H.S. senior Avg
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Removed: directly, enhanced, forfeiture, indirectly, introduction, partner, restricted, source, transactional, variety