Chegg
Founded Year
2005Stage
IPO | IPOTotal Raised
$248.6MDate of IPO
11/13/2013Market Cap
1.21BStock Price
10.46Revenue
$0000About Chegg
Chegg (NYSE: CHGG) develops a learning platform. The company's platform offers products and services that students need throughout the college lifecycle, from choosing a college through graduation and beyond. It was founded in 2005 and is based in Santa Clara, California.
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Research containing Chegg
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Chegg in 2 CB Insights research briefs, most recently on May 10, 2023.
Chegg Patents
Chegg has filed 71 patents.
The 3 most popular patent topics include:
- educational websites
- online education
- virtual learning environments
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
11/19/2021 | 11/14/2023 | Online education, Educational websites, Virtual learning environments, Job scheduling, Learning management systems | Grant |
Application Date | 11/19/2021 |
|---|---|
Grant Date | 11/14/2023 |
Title | |
Related Topics | Online education, Educational websites, Virtual learning environments, Job scheduling, Learning management systems |
Status | Grant |
Latest Chegg News
Nov 20, 2023
Stock futures began the shortened Thanksgiving holiday week on a positive note in early Monday trading. Here are some of Monday's biggest stock movers: Biggest stock gainers Shares of NuScale Power (NYSE: SMR ) rebounded by 8% after experiencing an almost 14% decline on Thursday. This drop followed a research report from a short seller that warned about NuScale's cash burn rate, suggesting a risk of bankruptcy after the cancellation of its flagship nuclear reactor project. The short-seller, Iceberg Research, released a new report asserting that the company's Standard Power contract is merely "a pipe dream" designed to divert attention from the loss of UAMPS. The company's stock had previously dropped by 33% a week ago when it scrapped plans for an Idaho power plant. Iceberg Research, which holds a short position on the company, attributed the cancellation to rising costs and suggested that future projects could face similar risks. MediciNova (NASDAQ: MNOV ) shares rose by 25% after positive results from a Phase 2 clinical study of MN-166 (ibudilast) in glioblastoma patients. The progression-free survival rate at six months of the experiment indicated that the combined treatment of MN-166 and temozolomide (TMZ) was potentially efficacious, safe, and acceptable. Preclinical research on MN-166 in conjunction with anti-PD1 or anti-PD-L1 therapy in glioblastoma models was also showcased. Biggest stock losers Chegg (NYSE: CHGG ) shares dipped 3.5% after Morgan Stanley downgraded it to underweight. The downgrade was attributed to weaker trends in October and increased competition from generative AI. Morgan Stanley analyst Josh Baer also lowered Chegg's price target to $9 ( the stock closed at $10.50 on Friday). Baer cited weaker web traffic and app download data in October as reasons for the downgrade, high consensus estimates, and aggressive fourth-quarter guidance for implied subscriber additions.
Chegg Frequently Asked Questions (FAQ)
When was Chegg founded?
Chegg was founded in 2005.
Where is Chegg's headquarters?
Chegg's headquarters is located at 3990 Freedom Circle, Santa Clara.
What is Chegg's latest funding round?
Chegg's latest funding round is IPO.
How much did Chegg raise?
Chegg raised a total of $248.6M.
Who are the investors of Chegg?
Investors of Chegg include Gabriel Venture Partners, Primera Capital, Ace Limited, Insight Partners, Kleiner Perkins Caufield & Byers and 12 more.
Who are Chegg's competitors?
Competitors of Chegg include Course Hero and 5 more.
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Compare Chegg to Competitors
Brainly operates as a learning platform. It offers a mobile application for students to post assignments and receive answers from peers. It was founded in 2009 and is based in Krakow, Poland.
Dorm is a peer-to-peer learning platform operating in the education sector. The company offers a unique service where aspiring founders and creators can partner with professional entrepreneurs to build their business ideas, while also earning a fully accredited MBA. Dorm primarily serves individuals in the entrepreneurial and education sectors. It is based in Feltham, England.
Quizlet offers an online learning platform. It allows users to create, share, and consume educational content. The company was founded in 2005 and is based in San Francisco, California.
Course Hero offers an online learning platform with course-specific study resources contributed by a community of students and educators. It empowers students and educators to succeed through course-specific study resources and homework help. The company was founded in 2006 and is based in Redwood City, California.
Cengage Group is an education technology company. It offers support to students from middle to graduate school, help adults gain skills, and provide localized content to learners through its business units – Cengage Academic, Cengage Work, and Cengage Select. The company was formerly known as Cengage and changed its name to Cengage Group in 2021. The company was founded in 1903 and is based in Independence, Kentucky.
Civitas Learning is a company that focuses on providing intelligent student success software in the higher education sector. The company's main services include offering real-time insights and workflow solutions to support the entire student lifecycle, aiming to achieve equitable outcomes and build sustainable institutions. The primary sectors the company sells to are institutions in the higher education industry. It was founded in 2011 and is based in Austin, Texas.
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