Chegg shares jumped 14% on April 8, 2026 after activist Galloway Capital disclosed a 5.44% stake (6.09 million shares).
Galloway’s 13D filing claims Chegg has a strong balance sheet, expects net cash and zero debt by year‑end, and urges better communication.
The activist highlights Chegg’s Skilling unit generating $72 million annualized revenue with a $40 billion addressable market and double‑digit growth potential.