ChEgg director Renee Varni Budig sells $39,553 in stock

Published 10/06/2025, 20:08
ChEgg director Renee Varni Budig sells $39,553 in stock

Following this sale, Budig retains ownership of 85,742 shares in the company. This transaction was conducted directly by Budig, as indicated in the filing. While the company maintains impressive gross profit margins of 71% and holds more cash than debt on its balance sheet, InvestingPro analysis suggests the stock is currently trading near its Fair Value. For deeper insights, investors can access 18 additional ProTips and comprehensive financial analysis through InvestingPro’s detailed research report. While the company maintains impressive gross profit margins of 71% and holds more cash than debt on its balance sheet, InvestingPro analysis suggests the stock is currently trading near its Fair Value. For deeper insights, investors can access 18 additional ProTips and comprehensive financial analysis through InvestingPro’s detailed research report. Following this sale, Budig retains ownership of 85,742 shares in the company. This transaction was conducted directly by Budig, as indicated in the filing.

In other recent news, Chegg Inc . (NYSE:CHGG) reported its Q1 2025 earnings, revealing a mixed performance with an earnings per share (EPS) miss but a revenue beat. The company posted an EPS of -$0.06, which fell short of the expected $0.0078, while revenue reached $121.4 million, surpassing the anticipated $114.6 million. Despite a 30% year-over-year revenue decline, driven by a 31% drop in total subscribers, the company’s revenue exceeded forecasts by $6.8 million. Chegg’s restructuring efforts are projected to save up to $110 million by 2026, as the company aims to align its cost structure with its business outlook. Additionally, Chegg announced new AI-driven product launches intended to boost its competitive position in the education technology sector.

The company is also exploring strategic alternatives to maximize shareholder value, including potential acquisition or remaining a standalone public entity. Recent discussions with potential acquirers have been positive, indicating interest in Chegg’s core products and innovations. Furthermore, Chegg has signed two content licensing agreements with top technology companies, generating $4 million in revenue in Q1 and expected to bring in an additional $7 million in Q2. Analyst firms like Needham and Company have shown interest in these developments, particularly regarding the terms and potential scale of these licensing deals. Chegg’s strategic initiatives and cost management efforts reflect its focus on future growth and sustainability amid ongoing industry challenges.

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