Gaotu Techedu (NYSE:GOTU) CEO Xiangdong Chen Purchases 73,801 Shares

Gaotu Techedu Inc. (NYSE:GOTU) CEO Xiangdong Chen acquired 73,801 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were bought at an average cost of $2.28 per share, for a total transaction of $168,266.28. Following the acquisition, the chief executive officer owned 7,788,330 shares in the company, valued at approximately $17,757,392.40. The trade was a 0.96% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Xiangdong Chen also recently made the following trade(s):

• On Thursday, June 11th, Xiangdong Chen acquired 200,000 shares of Gaotu Techedu stock. The shares were bought at an average cost of $2.23 per share, for a total transaction of $446,000.00.

Gaotu Techedu Stock Up 4.4%

Shares of NYSE:GOTU opened at $1.56 on Wednesday. Gaotu Techedu Inc. has a 12 month low of $1.40 and a 12 month high of $4.12. The company’s 50-day moving average price is $1.83 and its two-hundred day moving average price is $2.10. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.10. The firm has a market cap of $372.97 million, a P/E ratio of -6.48 and a beta of 0.60.

Gaotu Techedu (NYSE:GOTU) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $0.02 EPS for the quarter. Gaotu Techedu had a negative net margin of 6.42% and a negative return on equity of 29.69%. The firm had revenue of $245.04 million for the quarter, compared to analyst estimates of $233.35 million.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SmartHarvest Portfolios LLC acquired a new position in Gaotu Techedu during the 1st quarter valued at 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 valued at $78,000 after purchasing 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 valued at $51,000 after purchasing an additional 10,221 shares during the period. Quadrature Capital Ltd acquired a new position in Gaotu Techedu during the 4th quarter valued at about $92,000. Finally, Centiva Capital LP acquired a new position in Gaotu Techedu during the 3rd quarter valued at about $133,000. 48.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Gaotu Techedu from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.