eGain Corp (EGAN) Position Lifted by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its stake in eGain Corp (NASDAQ:EGAN) by 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,200 shares of the technology company’s stock after buying an additional 6,300 shares during the period. Two Sigma Advisers LP owned approximately 0.21% of eGain worth $382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of EGAN. Two Sigma Investments LP acquired a new position in shares of eGain during the fourth quarter valued at $260,000. Geode Capital Management LLC lifted its holdings in eGain by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 198,613 shares of the technology company’s stock worth $1,304,000 after purchasing an additional 12,776 shares during the period. Dimensional Fund Advisors LP lifted its holdings in eGain by 15.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 546,940 shares of the technology company’s stock worth $3,593,000 after purchasing an additional 72,341 shares during the period. GSA Capital Partners LLP lifted its holdings in eGain by 10.1% in the fourth quarter. GSA Capital Partners LLP now owns 280,400 shares of the technology company’s stock worth $1,842,000 after purchasing an additional 25,800 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in eGain by 36.8% in the fourth quarter. Bank of New York Mellon Corp now owns 152,831 shares of the technology company’s stock worth $1,004,000 after purchasing an additional 41,130 shares during the period. 77.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ EGAN opened at $9.63 on Monday. eGain Corp has a twelve month low of $5.40 and a twelve month high of $19.05. The stock has a market capitalization of $268.70 million, a price-to-earnings ratio of 87.55, a price-to-earnings-growth ratio of 2.47 and a beta of 0.51.

eGain (NASDAQ:EGAN) last issued its quarterly earnings results on Thursday, February 7th. The technology company reported $0.07 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $17.70 million during the quarter, compared to the consensus estimate of $16.28 million. During the same period in the prior year, the company earned $0.02 EPS. eGain’s revenue was up 14.9% on a year-over-year basis. Equities research analysts anticipate that eGain Corp will post 0.13 earnings per share for the current fiscal year.

EGAN has been the subject of several research analyst reports. Zacks Investment Research raised shares of eGain from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Thursday. Roth Capital reaffirmed a “buy” rating on shares of eGain in a report on Friday, February 8th. ValuEngine downgraded shares of eGain from a “buy” rating to a “hold” rating in a report on Thursday. Finally, BidaskClub raised shares of eGain from a “strong sell” rating to a “sell” rating in a report on Saturday, April 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $13.75.

In other eGain news, Director Brett A. Shockley sold 61,524 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $11.58, for a total value of $712,447.92. Following the completion of the sale, the director now directly owns 986,213 shares of the company’s stock, valued at approximately $11,420,346.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Promod Narang sold 15,000 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $11.90, for a total transaction of $178,500.00. Following the completion of the sale, the senior vice president now directly owns 15,000 shares of the company’s stock, valued at $178,500. 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 three months. 38.60% of the stock is owned by corporate insiders.

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eGain 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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