Galloway Capital Partners acquires 5.44% stake in Chegg

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Go back to Galloway Capital Partners acquires 5.44% stake in Chegg

Galloway Capital Partners Announces 5.44% Ownership in Chegg, Inc. and Highlights Significant Value Opportunity

April 8, 2026 12:36 PM EDT

MIAMI--(BUSINESS WIRE)-- Galloway Capital Partners, LLC (Galloway) today announced that it has acquired an ownership position of approximately 5.44% in Chegg, Inc. (NYSE: CHGG) (Chegg or the Company).

Galloway believes Cheggs current share price reflects a substantial disconnect from its intrinsic value. At current levels, the market appears to be pricing the Company as though it is in financial distress, a characterization Galloway believes is fundamentally incorrect.

Galloway expressed support for managements ongoing efforts to reposition the business and believes that a strategic separation of Cheggs business units represents a compelling... More