Key Points
- CEO Chang Liu purchased 9,055 shares of 17 Education & Technology Group at an average $2.19 per share, spending $19,830.45 and increasing his ownership by 9.65% to 102,848 shares.
- Liu has made numerous additional purchases since July, signaling sustained insider buying, while the stock opened at $2.77 after reportedly trading up 21.5%.
- Renaissance Technologies increased its stake by 31.9% in the fourth quarter; institutional investors collectively own 3.54% of the company.
17 Education & Technology Group Inc. (NYSE:YQ - Get Free Report) CEO Chang Liu purchased 9,055 shares of 17 Education & Technology Group stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average cost of $2.19 per share, for a total transaction of $19,830.45. Following the completion of the purchase, the chief executive officer owned 102,848 shares of the company's stock, valued at $225,237.12. This trade represents a 9.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Chang Liu also recently made the following trade(s):
- On Friday, August 28th, Chang Liu acquired 4,001 shares of 17 Education & Technology Group stock. The shares were purchased at an average cost of $2.11 per share, with a total value of $8,442.11.
- On Wednesday, August 26th, Chang Liu bought 9,216 shares of 17 Education & Technology Group stock. The shares were acquired at an average price of $2.16 per share, for a total transaction of $19,906.56.
- On Friday, August 21st, Chang Liu bought 846 shares of 17 Education & Technology Group stock. The shares were acquired at an average price of $2.46 per share, for a total transaction of $2,081.16.
- On Thursday, August 13th, Chang Liu bought 853 shares of 17 Education & Technology Group stock. The stock was acquired at an average cost of $2.41 per share, for a total transaction of $2,055.73.
- On Monday, August 10th, Chang Liu purchased 3,295 shares of 17 Education & Technology Group stock. The stock was acquired at an average price of $2.44 per share, with a total value of $8,039.80.
- On Thursday, August 6th, Chang Liu purchased 1,857 shares of 17 Education & Technology Group stock. The stock was bought at an average cost of $2.13 per share, for a total transaction of $3,955.41.
- On Friday, July 31st, Chang Liu purchased 5,830 shares of 17 Education & Technology Group stock. The stock was bought at an average price of $1.89 per share, for a total transaction of $11,018.70.
- On Thursday, July 30th, Chang Liu acquired 500 shares of 17 Education & Technology Group stock. The shares were bought at an average cost of $1.86 per share, with a total value of $930.00.
- On Tuesday, July 21st, Chang Liu acquired 9,287 shares of 17 Education & Technology Group stock. The shares were bought at an average price of $2.17 per share, with a total value of $20,152.79.
- On Thursday, July 2nd, Chang Liu acquired 18,988 shares of 17 Education & Technology Group stock. The shares were bought at an average price of $2.20 per share, with a total value of $41,773.60.
17 Education & Technology Group Trading Up 21.5%
17 Education & Technology Group stock opened at $2.77 on Friday. 17 Education & Technology Group Inc. has a 12 month low of $1.68 and a 12 month high of $6.45. The business's fifty day simple moving average is $2.24 and its two-hundred day simple moving average is $2.39. The company has a market capitalization of $30.04 million, a price-to-earnings ratio of -0.69 and a beta of 1.01.
17 Education & Technology Group announced that its board has authorized a share repurchase plan on Thursday, September 3rd that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.
Institutional Investors Weigh In On 17 Education & Technology Group
An institutional investor recently raised its position in 17 Education & Technology Group stock. Renaissance Technologies LLC boosted its holdings in 17 Education & Technology Group Inc. (NYSE:YQ - Free Report) by 31.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,530 shares of the company's stock after acquiring an additional 12,949 shares during the quarter. Renaissance Technologies LLC owned 0.60% of 17 Education & Technology Group worth $192,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 3.54% of the company's stock.
17 Education & Technology Group Company Profile
(
Get Free Report)
17 Education & Technology Group is a leading provider of K-12 after-school tutoring services in China, offering a comprehensive portfolio of online educational products designed to supplement classroom learning. The company delivers interactive live classes, adaptive homework exercises and personalized test‐preparation courses across core subjects such as mathematics, Chinese language, English, physics and chemistry. Its digital solutions aim to enhance student engagement, accelerate learning outcomes and provide real‐time performance feedback.
The firm's flagship platforms include a live online classroom system that combines real‐time video streaming, multimedia teaching aids and AI-powered analytics to support one-to-many instruction.
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