Eric Smit Sells 4,000 Shares of eGain Corp (NASDAQ:EGAN) Stock

eGain Corp (NASDAQ:EGAN) CFO Eric Smit sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $8.00, for a total transaction of $32,000.00. Following the transaction, the chief financial officer now owns 137,187 shares of the company’s stock, valued at approximately $1,097,496. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Eric Smit also recently made the following trade(s):

  • On Friday, August 30th, Eric Smit sold 1,000 shares of eGain stock. The shares were sold at an average price of $7.25, for a total transaction of $7,250.00.
  • On Tuesday, July 30th, Eric Smit sold 1,000 shares of eGain stock. The shares were sold at an average price of $7.83, for a total transaction of $7,830.00.
  • On Friday, June 28th, Eric Smit sold 3,000 shares of eGain stock. The stock was sold at an average price of $7.96, for a total transaction of $23,880.00.

Shares of NASDAQ:EGAN traded up $0.19 during midday trading on Friday, reaching $8.27. The company’s stock had a trading volume of 9,929 shares, compared to its average volume of 162,298. The firm has a market capitalization of $238.91 million, a PE ratio of 51.38, a P/E/G ratio of 1.88 and a beta of 0.67. eGain Corp has a twelve month low of $5.40 and a twelve month high of $13.20. The stock has a fifty day moving average of $7.35 and a 200 day moving average of $8.99.

eGain (NASDAQ:EGAN) last released its quarterly earnings data on Tuesday, September 3rd. The technology company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The business had revenue of $16.82 million during the quarter, compared to analyst estimates of $16.46 million. eGain had a return on equity of 84.12% and a net margin of 6.20%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 EPS. Equities analysts predict that eGain Corp will post 0.14 EPS for the current year.

Several large investors have recently added to or reduced their stakes in EGAN. Vanguard Group Inc. raised its position in shares of eGain by 6.7% in the second quarter. Vanguard Group Inc. now owns 1,710,225 shares of the technology company’s stock valued at $13,921,000 after buying an additional 107,097 shares during the last quarter. BlackRock Inc. lifted its stake in eGain by 12.3% in the second quarter. BlackRock Inc. now owns 1,295,245 shares of the technology company’s stock worth $10,542,000 after acquiring an additional 141,491 shares during the last quarter. AQR Capital Management LLC lifted its stake in eGain by 2.3% in the second quarter. AQR Capital Management LLC now owns 965,292 shares of the technology company’s stock worth $7,857,000 after acquiring an additional 21,968 shares during the last quarter. Cortina Asset Management LLC lifted its stake in eGain by 78.1% in the second quarter. Cortina Asset Management LLC now owns 585,565 shares of the technology company’s stock worth $4,766,000 after acquiring an additional 256,783 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in eGain by 26.6% in the first quarter. Acadian Asset Management LLC now owns 460,673 shares of the technology company’s stock worth $4,817,000 after acquiring an additional 96,772 shares during the last quarter. Hedge funds and other institutional investors own 79.68% of the company’s stock.

A number of analysts have recently weighed in on EGAN shares. ValuEngine upgraded shares of eGain from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. BidaskClub upgraded shares of eGain from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Craig Hallum lowered shares of eGain from a “buy” rating to a “hold” rating and cut their price objective for the stock from $12.00 to $10.00 in a research note on Thursday, May 9th. Finally, Zacks Investment Research lowered shares of eGain from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $9.50.

About eGain

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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