Two Sigma Investments LP acquired a new stake in shares of eGain Corp (NASDAQ:EGAN) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 39,600 shares of the technology company’s stock, valued at approximately $260,000.
Other large investors also recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in eGain in the 3rd quarter worth about $163,000. Rhumbline Advisers increased its stake in eGain by 48.1% in the 4th quarter. Rhumbline Advisers now owns 23,667 shares of the technology company’s stock worth $155,000 after acquiring an additional 7,688 shares during the last quarter. Teachers Advisors LLC increased its stake in eGain by 26.2% in the 3rd quarter. Teachers Advisors LLC now owns 28,399 shares of the technology company’s stock worth $230,000 after acquiring an additional 5,894 shares during the last quarter. Wells Fargo & Company MN increased its stake in eGain by 107.7% in the 3rd quarter. Wells Fargo & Company MN now owns 34,500 shares of the technology company’s stock worth $279,000 after acquiring an additional 17,888 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in eGain in the 3rd quarter worth about $287,000. Institutional investors own 77.48% of the company’s stock.
A number of brokerages have weighed in on EGAN. BidaskClub lowered eGain from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 3rd. Zacks Investment Research lowered eGain from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Roth Capital restated a “buy” rating on shares of eGain in a research note on Friday, February 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. eGain presently has an average rating of “Buy” and a consensus price target of $13.31.
In other news, SVP Promod Narang sold 15,000 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $11.90, for a total value of $178,500.00. Following the completion of the transaction, the senior vice president now directly owns 15,000 shares in the company, valued at approximately $178,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric Smit sold 4,000 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $9.50, for a total value of $38,000.00. Following the sale, the chief financial officer now owns 142,187 shares of the company’s stock, valued at $1,350,776.50. The disclosure for this sale can be found here. Insiders sold a total of 142,208 shares of company stock valued at $1,630,075 over the last quarter. Company insiders own 38.60% of the company’s stock.
EGAN opened at $10.42 on Monday. eGain Corp has a 12-month low of $5.40 and a 12-month high of $19.05. The stock has a market capitalization of $289.90 million, a PE ratio of 94.46, a PEG ratio of 2.66 and a beta of 0.51.
eGain (NASDAQ:EGAN) last posted its quarterly earnings data on Thursday, February 7th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. eGain had a negative return on equity of 57.09% and a net margin of 3.04%. The firm had revenue of $17.70 million during the quarter, compared to analysts’ expectations of $16.28 million. During the same period in the prior year, the business earned $0.02 EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, research analysts anticipate that eGain Corp will post 0.13 earnings per share for the current fiscal year.
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eGain Corporation operates as a software-as-a service provider of customer engagement solutions in the United States, the United Kingdom, India, and internationally. It provides eGain solution, a unified cloud software solution to automate, augment, and orchestrate customer engagement, including digital-first, Omni channel desktop, artificial intelligence (AI) and knowledge, and analytics and machine learning applications, as well as platform APIs and pre-built third-party connectors.
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