Gaotu Techedu Inc. (NYSE:GOTU – Get 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.
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
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.
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