Sandy Spring Bancorp, Inc. (SASR) Forms $38.21 Double Bottom; Granahan Investment Management Boosted Chegg (CHGG) Stake By $2.38 Million

February 15, 2018 - By Ellis Scott

Sandy Spring Bancorp, Inc. (SASR) formed double bottom with $36.30 target or 5.00% below today’s $38.21 share price. Sandy Spring Bancorp, Inc. (SASR) has $1.36 billion valuation. The stock decreased 0.31% or $0.12 during the last trading session, reaching $38.21. About 11,104 shares traded. Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has risen 42.32% since February 15, 2017 and is uptrending. It has outperformed by 25.62% the S&P500.

Granahan Investment Management Inc increased Chegg Inc (CHGG) stake by 31.13% reported in 2017Q3 SEC filing. Granahan Investment Management Inc acquired 169,709 shares as Chegg Inc (CHGG)’s stock rose 43.03%. The Granahan Investment Management Inc holds 714,949 shares with $10.61M value, up from 545,240 last quarter. Chegg Inc now has $2.04B valuation. The stock decreased 0.90% or $0.17 during the last trading session, reaching $18.82. About 431,745 shares traded. Chegg, Inc. (NYSE:CHGG) has risen 163.16% since February 15, 2017 and is uptrending. It has outperformed by 146.46% the S&P500.

Granahan Investment Management Inc decreased Veeva Systems (NYSE:VEEV) stake by 50,813 shares to 173,047 valued at $9.76M in 2017Q3. It also reduced Ipg Photonics (NASDAQ:IPGP) stake by 3,137 shares and now owns 21,019 shares. Albany Int’l (NYSE:AIN) was reduced too.

Investors sentiment decreased to 1.89 in Q3 2017. Its down 0.82, from 2.71 in 2017Q2. It is negative, as 26 investors sold CHGG shares while 27 reduced holdings. 34 funds opened positions while 66 raised stakes. 102.60 million shares or 21.13% more from 84.70 million shares in 2017Q2 were reported. Voya Mgmt Limited Liability Co accumulated 39,586 shares. Penn Cap Com Inc owns 782,410 shares for 0.85% of their portfolio. Millennium Tvp Management Ltd Liability Company owns 24.85% invested in Chegg, Inc. (NYSE:CHGG) for 1.75M shares. Neuberger Berman Gru Llc has 0% invested in Chegg, Inc. (NYSE:CHGG). Moreover, Ameriprise Fincl has 0% invested in Chegg, Inc. (NYSE:CHGG). Par owns 6.24 million shares. Hamilton Lane Ltd Limited Liability Company reported 57,003 shares. Summit Creek Ltd Liability reported 172,299 shares. Panagora Asset Mngmt Incorporated owns 3,005 shares or 0% of their US portfolio. Van Hulzen Asset Mgmt Ltd Liability Corporation holds 100,000 shares or 0.5% of its portfolio. Century owns 502,101 shares for 0.01% of their portfolio. 39,860 were reported by Sei Invs. Arrowstreet Cap Ltd Partnership holds 438,599 shares. Hbk Invs LP holds 75,000 shares. Metropolitan Life Insur owns 64,400 shares.

Among 13 analysts covering Chegg Inc (NYSE:CHGG), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Chegg Inc had 37 analyst reports since August 5, 2015 according to SRatingsIntel. On Tuesday, November 8 the stock rating was maintained by Lake Street with “Buy”. Jefferies maintained Chegg, Inc. (NYSE:CHGG) rating on Tuesday, October 31. Jefferies has “Buy” rating and $20.0 target. The stock has “Overweight” rating by JP Morgan on Wednesday, November 1. The rating was maintained by Barrington Research on Thursday, September 29 with “Outperform”. The stock of Chegg, Inc. (NYSE:CHGG) earned “Buy” rating by Jefferies on Wednesday, July 26. The company was initiated on Thursday, September 10 by First Analysis. The stock of Chegg, Inc. (NYSE:CHGG) earned “Hold” rating by Lake Street on Wednesday, July 26. JP Morgan maintained the shares of CHGG in report on Tuesday, February 13 with “Overweight” rating. The rating was maintained by Jefferies with “Buy” on Tuesday, February 13. The stock of Chegg, Inc. (NYSE:CHGG) earned “Buy” rating by BMO Capital Markets on Wednesday, January 17.

Since August 15, 2017, it had 0 buys, and 14 selling transactions for $9.93 million activity. ROSENSWEIG DANIEL had sold 199,611 shares worth $3.19M on Monday, December 18. $726,500 worth of Chegg, Inc. (NYSE:CHGG) was sold by GEIGER CHARLES. 27,916 Chegg, Inc. (NYSE:CHGG) shares with value of $472,714 were sold by Osier Michael A.. Lem Esther sold $159,800 worth of Chegg, Inc. (NYSE:CHGG) on Friday, January 12. Another trade for 13,257 shares valued at $217,017 was made by BORDERS DAVE JR. on Monday, January 1. 50,000 shares valued at $783,500 were sold by BRANDEMUEHL JENNY on Wednesday, December 13.

Investors sentiment decreased to 1.44 in Q3 2017. Its down 0.39, from 1.83 in 2017Q2. It dived, as 14 investors sold Sandy Spring Bancorp, Inc. shares while 31 reduced holdings. 23 funds opened positions while 42 raised stakes. 16.21 million shares or 3.18% more from 15.71 million shares in 2017Q2 were reported. Lafayette Investments accumulated 1.52% or 98,459 shares. Zacks Investment Mgmt invested in 0.01% or 8,267 shares. Pub Employees Retirement System Of Ohio reported 0% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Lincoln National reported 18,386 shares. Bowling Mngmt Ltd Llc has 34,943 shares. Alliancebernstein Lp reported 34,591 shares. Retail Bank Of America Corp De invested in 0% or 122,205 shares. Blackrock holds 2.06M shares or 0% of its portfolio. Invesco stated it has 46,417 shares. California State Teachers Retirement System holds 0% or 7,928 shares. Qs Invsts Limited Liability Com holds 0.01% or 37,369 shares. Sg Americas Lc accumulated 0% or 6,304 shares. Amer Century Companies accumulated 0% or 73,059 shares. Pnc Grp Inc holds 38,031 shares or 0% of its portfolio. Huntington Bankshares, Ohio-based fund reported 584 shares.

Among 6 analysts covering Sandy Spring Bancorp (NASDAQ:SASR), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Sandy Spring Bancorp had 11 analyst reports since July 20, 2015 according to SRatingsIntel. Sandler O’Neill maintained Sandy Spring Bancorp, Inc. (NASDAQ:SASR) on Friday, January 12 with “Hold” rating. Zacks upgraded the shares of SASR in report on Tuesday, August 25 to “Sell” rating. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Hold” rating given on Friday, January 19 by Keefe Bruyette & Woods. Robert W. Baird maintained the shares of SASR in report on Wednesday, January 10 with “Hold” rating. Keefe Bruyette & Woods maintained it with “Hold” rating and $46.0 target in Thursday, December 21 report. The stock of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) earned “Hold” rating by Robert W. Baird on Thursday, October 19.

Since January 22, 2018, it had 2 buys, and 5 sales for $1.24 million activity. The insider Friis Mark E bought $36,760. $22,693 worth of stock was bought by Stephenson Mona Abutaleb on Monday, February 5. BRACEWELL JOSEPH S sold $348,683 worth of stock or 8,885 shares. McDowell Ronda M sold $71,034 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) on Tuesday, January 30. $338,739 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) was sold by Andersen Shaza L on Monday, January 22. The insider REEDER JOE sold $59,408.

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By1 Ellis Scott

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