Renee Budig - Chegg Independent Director

CHGG Stock  USD 2.26  0.25  12.44%   

Director

Ms. Renee Varni Budig is an Independent Director of Chegg, Inc. since November 2015. Since September 2012, Ms. Budig has served as the Executive Vice President and Chief Financial Officer of CBS Interactive, an online content network for information and entertainment and a division of CBS Corporationrationration. From 2010 to September 2012, Ms. Budig served as Chief Financial Officer of Hightail, Inc., a cloud service that allowed users to send, receive, digitally sign and synchronize files. From 2006 to 2010, Ms. Budig was the Vice President of Finance at Netflix, Inc., a multinational provider of ondemand Internet streaming media. From 2002 to 2005, Ms. Budig was the Vice President of Finance for Veritas Software, an Internet software company since 2015.
Age 60
Tenure 9 years
Address 3990 Freedom Circle, Santa Clara, CA, United States, 95054
Phone408 855 5700
Webhttps://www.chegg.com
Budig holds a B.S. in Business Administration from the University of California, Berkeley. We believe that Ms. Budig should continue to serve on our board of directors due to her extensive background in consumer technology companies and her financial expertise through her service as a chief financial officer.

Renee Budig Latest Insider Activity

Tracking and analyzing the buying and selling activities of Renee Budig against Chegg stock is an integral part of due diligence when investing in Chegg. Renee Budig insider activity provides valuable insight into whether Chegg is net buyers or sellers over its current business cycle. Note, Chegg insiders must abide by specific rules, including filing SEC forms every time they buy or sell Chegg'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Chegg Management Efficiency

The company has return on total asset (ROA) of 0.0192 % which means that it generated a profit of $0.0192 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (1.3482) %, meaning that it created substantial loss on money invested by shareholders. Chegg's management efficiency ratios could be used to measure how well Chegg manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Chegg's Return On Tangible Assets are most likely to increase slightly in the upcoming years. The Chegg's current Return On Assets is estimated to increase to 0.01, while Return On Capital Employed is projected to decrease to (0.06). At this time, Chegg's Other Current Assets are most likely to increase significantly in the upcoming years. The Chegg's current Total Current Assets is estimated to increase to about 545.8 M, while Other Assets are projected to decrease to 0.95.
Chegg Inc currently holds 617.9 M in liabilities with Debt to Equity (D/E) ratio of 2.07, implying the company greatly relies on financing operations through barrowing. Chegg Inc has a current ratio of 10.59, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Chegg's use of debt, we should always consider it together with its cash and equity.

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Chegg, Inc. operates direct-to-student learning platform that supports students starting with their academic journey and extending into their careers with products and services to support and help them better understand their academic course materials. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California. Chegg operates under Education Training Services classification in the United States and is traded on New York Stock Exchange. It employs 2464 people. Chegg Inc (CHGG) is traded on New York Stock Exchange in USA. It is located in 3990 Freedom Circle, Santa Clara, CA, United States, 95054 and employs 3,043 people. Chegg is listed under Diversified Consumer Services category by Fama And French industry classification.

Management Performance

Chegg Inc Leadership Team

Elected by the shareholders, the Chegg's board of directors comprises two types of representatives: Chegg inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chegg. The board's role is to monitor Chegg's management team and ensure that shareholders' interests are well served. Chegg's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Chegg's outside directors are responsible for providing unbiased perspectives on the board's policies.
David Longo, Chief Accounting Officer, Vice President Corporate Controller, Assistant Treasurer
Sarah Bond, Independent Director
Richard Sarnoff, Independent Co-Chairman of the Board
Candace Sue, Head Relations
Charles Geiger, Chief Officer
Renee Budig, Independent Director
Marne Levine, Independent Director
Esther Lem, Chief Marketing Officer
Daniel Rosensweig, Co-Chairman of the Board, President, Chief Executive Officer
Woodie Dixon, General Counsel, Corporate Secretary
Marcela Martin, Independent Director
Nathan Schultz, President - Learning Services
Ted Schlein, Independent Director
John York, Independent Director
John Fillmore, President - Chegg Skills
Tracey Ford, Vice Relations
Heather Porter, Chief Officer
Paul LeBlanc, Independent Director
Melanie Whelan, Independent Director
Mitch Spolan, Executive Services
Deena Bahri, Chief Officer
Andrew Brown, Principal Accounting Officer, Corporate Controller
Debra Thompson, Chief Officer
Lauren Glotzer, Chief Strategy Officer

Chegg Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Chegg a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether Chegg Inc is a strong investment it is important to analyze Chegg's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Chegg's future performance. For an informed investment choice regarding Chegg Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chegg Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Diversified Consumer Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chegg. If investors know Chegg will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chegg listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
4.996
Earnings Share
(8.18)
Revenue Per Share
6.34
Quarterly Revenue Growth
(0.14)
Return On Assets
0.0192
The market value of Chegg Inc is measured differently than its book value, which is the value of Chegg that is recorded on the company's balance sheet. Investors also form their own opinion of Chegg's value that differs from its market value or its book value, called intrinsic value, which is Chegg's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chegg's market value can be influenced by many factors that don't directly affect Chegg's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chegg's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chegg is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chegg's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.