Investors Purchase High Volume of Call Options on Chegg (NYSE:CHGG)

Posted by Francis Steltz on Nov 2nd, 2026

Chegg, Inc. (NYSE:CHGG – Get Free Report) was the target of unusually large options trading on Monday. Traders bought 5,655 call options on the company. This represents an increase of approximately 129% compared to the typical volume of 2,472 call options.

Chegg Trading Up 2.5%

Shares of NYSE:CHGG traded up $0.02 during trading on Monday, reaching $0.72. 320,776 shares of the stock were exchanged, compared to its average volume of 1,374,902. Chegg has a 12 month low of $0.45 and a 12 month high of $1.56. The stock has a 50-day moving average price of $0.75 and a 200-day moving average price of $0.86. The firm has a market cap of $79.94 million, a PE ratio of -1.47 and a beta of 2.16.

Chegg (NYSE:CHGG – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. Chegg had a negative net margin of 19.96% and a negative return on equity of 13.38%. The business had revenue of $51.85 million for the quarter, compared to the consensus estimate of $49.50 million.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Zacks Research downgraded Chegg from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Chegg in a research note on Friday, September 18th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Chegg currently has a consensus rating of “Reduce”.

View Our Latest Stock Report on CHGG

Insiders Place Their Bets

In other Chegg news, Director Renee Budig sold 54,347 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $0.78, for a total transaction of $42,390.66. Following the transaction, the director owned 376,311 shares of the company’s stock, valued at $293,522.58. The trade was a 12.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Chegg

A number of large investors have recently modified their holdings of the business. Empowered Funds LLC boosted its stake in Chegg by 2.6% in the first quarter. Empowered Funds LLC now owns 377,353 shares of the technology company’s stock valued at $280,000 after buying an additional 9,549 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Chegg by 0.3% in the 1st quarter. Renaissance Technologies LLC now owns 3,346,800 shares of the technology company’s stock valued at $2,481,000 after purchasing an additional 10,820 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Chegg by 12.1% in the 1st quarter. Bank of America Corp DE now owns 119,544 shares of the technology company’s stock valued at $89,000 after acquiring an additional 12,923 shares during the last quarter. Bank of New York Mellon Corp raised its position in Chegg by 32.5% in the first quarter. Bank of New York Mellon Corp now owns 230,293 shares of the technology company’s stock valued at $171,000 after purchasing an additional 56,531 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in Chegg during the 2nd quarter worth approximately $63,000. Institutional investors and hedge funds own 95.18% of the company’s stock.

Chegg Company Profile

(Get Free Report)

Chegg, Inc is an education technology company that provides digital learning tools and academic support services to students. Its platform offers study assistance, expert answers, practice materials, writing support, and other resources intended to help students understand course content and complete academic work.

The company’s products have included Chegg Study, Chegg Writing, and Mathway, a mobile mathematics problem-solving service. Chegg has also offered language-learning services through Busuu, which it acquired in 2022.