Insider Selling: eGain Corp (EGAN) CFO Sells 7,500 Shares of Stock

eGain Corp (NASDAQ:EGAN) CFO Eric Smit sold 7,500 shares of the company’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $5.22, for a total transaction of $39,150.00. Following the completion of the transaction, the chief financial officer now directly owns 270,365 shares in the company, valued at approximately $1,411,305.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, December 20th, Eric Smit sold 7,500 shares of eGain stock. The shares were sold at an average price of $5.00, for a total transaction of $37,500.00.
  • On Friday, December 8th, Eric Smit sold 5,000 shares of eGain stock. The shares were sold at an average price of $4.65, for a total transaction of $23,250.00.

Shares of eGain Corp (NASDAQ EGAN) traded down $0.20 on Thursday, hitting $5.55. 209,237 shares of the stock traded hands, compared to its average volume of 187,796. The firm has a market capitalization of $151.14, a PE ratio of -37.00 and a beta of 0.66. eGain Corp has a 1-year low of $1.30 and a 1-year high of $6.00. The company has a debt-to-equity ratio of -0.91, a current ratio of 0.61 and a quick ratio of 0.61.

eGain (NASDAQ:EGAN) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The business had revenue of $14.58 million for the quarter, compared to analyst estimates of $14.38 million. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS. equities research analysts forecast that eGain Corp will post -0.17 EPS for the current year.

A number of research analysts have commented on EGAN shares. Zacks Investment Research cut shares of eGain from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. Craig Hallum raised shares of eGain from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Monday, October 2nd. ValuEngine cut shares of eGain from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Dougherty & Co reaffirmed a “buy” rating on shares of eGain in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $3.50.

A hedge fund recently raised its stake in eGain stock. Oaktop Capital Management II L.P. lifted its holdings in shares of eGain Corp (NASDAQ:EGAN) by 24.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,536,843 shares of the technology company’s stock after purchasing an additional 500,000 shares during the quarter. eGain comprises about 1.1% of Oaktop Capital Management II L.P.’s holdings, making the stock its 12th biggest holding. Oaktop Capital Management II L.P. owned about 9.32% of eGain worth $6,849,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 51.31% of the company’s stock.

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About eGain

eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.

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