Royce & Associates LP lowered its position in shares of eGain Corp (NASDAQ:EGAN) by 58.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,080 shares of the technology company’s stock after selling 42,300 shares during the quarter. Royce & Associates LP’s holdings in eGain were worth $198,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of EGAN. Bank of Montreal Can lifted its holdings in shares of eGain by 1.9% in the fourth quarter. Bank of Montreal Can now owns 8,567,298 shares of the technology company’s stock worth $56,288,000 after buying an additional 161,585 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of eGain by 6.1% in the third quarter. Renaissance Technologies LLC now owns 1,958,700 shares of the technology company’s stock worth $15,865,000 after buying an additional 112,500 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of eGain by 82.7% in the third quarter. Vanguard Group Inc now owns 1,350,983 shares of the technology company’s stock worth $10,943,000 after buying an additional 611,577 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of eGain by 82.7% in the third quarter. Vanguard Group Inc. now owns 1,350,983 shares of the technology company’s stock worth $10,943,000 after buying an additional 611,577 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of eGain by 938.9% in the third quarter. AQR Capital Management LLC now owns 1,091,213 shares of the technology company’s stock worth $8,838,000 after buying an additional 986,177 shares in the last quarter. 77.48% of the stock is currently owned by institutional investors and hedge funds.
Separately, Roth Capital reissued a “buy” rating on shares of eGain in a report on Friday, February 8th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. eGain currently has a consensus rating of “Buy” and a consensus target price of $13.31.
eGain (NASDAQ:EGAN) last released its earnings results on Thursday, February 7th. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. eGain had a net margin of 3.04% and a negative return on equity of 57.09%. The firm had revenue of $17.70 million for the quarter, compared to the consensus estimate of $16.28 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, research analysts expect that eGain Corp will post 0.13 EPS for the current fiscal year.
In related news, CFO Eric Smit sold 4,000 shares of the company’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $9.50, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Promod Narang sold 15,000 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $11.90, for a total transaction of $178,500.00. Following the sale, the senior vice president now directly owns 15,000 shares in the company, valued at approximately $178,500. The disclosure for this sale can be found here. Insiders sold 137,208 shares of company stock worth $1,577,625 in the last three months. Insiders own 38.60% of the company’s stock.
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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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