Gaotu Techedu (NYSE:GOTU) CEO Xiangdong Chen Buys 73,801 Shares

Gaotu Techedu Inc. (NYSE:GOTUGet Free Report) CEO Xiangdong Chen purchased 73,801 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was acquired at an average cost of $2.28 per share, with a total value of $168,266.28. Following the completion of the acquisition, the chief executive officer directly owned 7,788,330 shares of the company’s stock, valued at $17,757,392.40. This represents a 0.96% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Xiangdong Chen also recently made the following trade(s):

  • On Wednesday, June 17th, Xiangdong Chen bought 59,148 shares of Gaotu Techedu stock. The stock was bought at an average price of $2.42 per share, with a total value of $143,138.16.
  • On Thursday, June 11th, Xiangdong Chen bought 200,000 shares of Gaotu Techedu stock. The stock was bought at an average price of $2.23 per share, with a total value of $446,000.00.

Gaotu Techedu Trading Up 4.2%

Shares of Gaotu Techedu stock opened at $1.63 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. Gaotu Techedu Inc. has a 12-month low of $1.40 and a 12-month high of $4.12. The stock has a market cap of $389.76 million, a price-to-earnings ratio of -6.77 and a beta of 0.60. The company has a fifty day simple moving average of $1.82 and a 200-day simple moving average of $2.09.

Gaotu Techedu (NYSE:GOTUGet Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The company reported $0.02 earnings per share (EPS) for the quarter. Gaotu Techedu had a negative net margin of 6.42% and a negative return on equity of 29.69%. The company had revenue of $245.04 million during the quarter, compared to the consensus estimate of $233.35 million.

Institutional Trading of Gaotu Techedu

A number of large investors have recently bought and sold shares of the business. SmartHarvest Portfolios LLC acquired a new stake in shares of Gaotu Techedu during the first quarter worth about $29,000. Walleye Trading LLC lifted its position in Gaotu Techedu by 110.1% during the 2nd quarter. Walleye Trading LLC now owns 21,722 shares of the company’s stock worth $78,000 after acquiring an additional 11,383 shares during the period. HRT Financial LP lifted its position in Gaotu Techedu by 86.6% during the 4th quarter. HRT Financial LP now owns 22,020 shares of the company’s stock worth $51,000 after acquiring an additional 10,221 shares during the period. Quadrature Capital Ltd acquired a new stake in Gaotu Techedu during the 4th quarter worth approximately $92,000. Finally, Centiva Capital LP acquired a new stake in Gaotu Techedu during the 3rd quarter worth approximately $133,000. Institutional investors and hedge funds own 48.42% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut Gaotu Techedu from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Read Our Latest Analysis on Gaotu Techedu

Gaotu Techedu Company Profile

(Get Free Report)

Gaotu Techedu Inc (NYSE:GOTU), formerly known as GSX Techedu, is a Beijing-based provider of online education services in China. Since its founding in 2014, the company has built a technology-driven platform that delivers live, interactive tutoring sessions to students primarily in the K-12 segment. Gaotu Techedu’s rebranding in 2021 underscored its commitment to leveraging cutting-edge digital tools to expand access to quality instruction across core academic subjects.

The company’s main offerings include small-group and one-on-one classes in mathematics, Chinese, English, physics and chemistry, as well as targeted test preparation for high-stakes national and local examinations.

Further Reading

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