Two Sigma Advisers Reduces $1M in Chegg, Inc. ($CHGG)
Key Points
- Two Sigma Advisers changed its Chegg, Inc. ($CHGG) stake by 100.0% last quarter, cutting to 0 shares.
- $CHGG last traded around $1.12.
Two Sigma Advisers reduced its position in Chegg, Inc. ($CHGG), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of Chegg, Inc. after selling 1,330,900 shares during the quarter.
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About Chegg, Inc.
Chegg, Inc. provides a learning platform helping businesses bring new skills to their workforce and giving lifelong learners and students the skills and confidence to succeed in the United States and internationally. Its subscription services include Chegg Study, which offers personalized step-by-step learning support from AI, computational engines, and subject matter experts; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math provides a computational engine to help them understand and solve math problems; Chegg Study Pack, a bundle of various subscription product offerings, including Chegg Study, Chegg Writing, and Chegg Math services. The company also provides a skills-based learning platform to learn technical skills comprising AI, coding, data analytics, and cybersecurity. In addition, it rents and sells print textbooks and eTextbooks; and offers advertising services. The company serves students and companies through direct marketing channels and social media. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.
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