Formula Growth Ltd. purchased a new stake in eGain Corp (NASDAQ:EGAN) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 80,000 shares of the technology company’s stock, valued at approximately $836,000.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of eGain by 82.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,350,983 shares of the technology company’s stock valued at $10,943,000 after purchasing an additional 611,577 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of eGain by 12.1% in the 4th quarter. Two Sigma Advisers LP now owns 58,200 shares of the technology company’s stock valued at $382,000 after purchasing an additional 6,300 shares in the last quarter. Perkins Capital Management Inc. bought a new stake in shares of eGain in the 1st quarter valued at about $235,000. GSA Capital Partners LLP raised its holdings in shares of eGain by 10.1% in the 4th quarter. GSA Capital Partners LLP now owns 280,400 shares of the technology company’s stock valued at $1,842,000 after purchasing an additional 25,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of eGain by 15.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 546,940 shares of the technology company’s stock valued at $3,593,000 after purchasing an additional 72,341 shares in the last quarter. Institutional investors and hedge funds own 78.81% of the company’s stock.

Shares of EGAN opened at $8.23 on Friday. 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 $249.52 million, a P/E ratio of 54.87, a PEG ratio of 1.71 and a beta of 0.69.

eGain (NASDAQ:EGAN) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.05. eGain had a net margin of 5.25% and a return on equity of 225.04%. The firm had revenue of $17.00 million during the quarter, compared to analyst estimates of $16.60 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. eGain’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, research analysts expect that eGain Corp will post 0.16 EPS for the current fiscal year.

In related news, CFO Eric Smit sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $9.97, for a total value of $49,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Promod Narang sold 22,650 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $8.03, for a total transaction of $181,879.50. Following the completion of the sale, the senior vice president now directly owns 320,118 shares of the company’s stock, valued at approximately $2,570,547.54. The disclosure for this sale can be found here. Insiders sold 35,650 shares of company stock valued at $308,660 in the last three months. 38.60% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on EGAN shares. Zacks Investment Research upgraded shares of eGain from a “hold” rating to a “strong-buy” rating and set a $9.50 price target for the company in a report on Monday, May 13th. BidaskClub lowered shares of eGain from a “sell” rating to a “strong sell” rating in a research note on Friday, May 24th. Craig Hallum lowered shares of eGain from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $12.00 to $10.00 in a research note on Thursday, May 9th. Finally, ValuEngine lowered shares of eGain from a “hold” rating to a “sell” rating in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $11.83.

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eGain Company Profile

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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Institutional Ownership by Quarter for eGain (NASDAQ:EGAN)

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