Isthmus Partners LLC Has $1.91 Million Position in eGain Co. (NASDAQ:EGAN)

Isthmus Partners LLC raised its position in shares of eGain Co. (NASDAQ:EGAN) by 104.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 166,121 shares of the technology company’s stock after acquiring an additional 84,890 shares during the period. Isthmus Partners LLC’s holdings in eGain were worth $1,907,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EGAN. Victory Capital Management Inc. purchased a new position in shares of eGain during the 1st quarter valued at $162,000. IndexIQ Advisors LLC purchased a new position in shares of eGain during the 1st quarter valued at $411,000. BNP Paribas Arbitrage SA grew its holdings in shares of eGain by 63.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,205 shares of the technology company’s stock valued at $68,000 after acquiring an additional 2,788 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of eGain by 37.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 27,270 shares of the technology company’s stock valued at $259,000 after acquiring an additional 7,470 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of eGain by 7.2% during the 1st quarter. BlackRock Inc. now owns 1,643,718 shares of the technology company’s stock valued at $15,598,000 after acquiring an additional 110,737 shares in the last quarter. Institutional investors and hedge funds own 52.09% of the company’s stock.

Separately, Zacks Investment Research cut shares of eGain from a “hold” rating to a “sell” rating in a report on Wednesday, September 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, eGain presently has an average rating of “Hold” and an average price target of $13.33.

NASDAQ:EGAN traded up $0.01 during trading hours on Wednesday, reaching $11.11. The company’s stock had a trading volume of 201 shares, compared to its average volume of 238,885. The company has a market cap of $347.10 million, a price-to-earnings ratio of 52.86 and a beta of 0.35. eGain Co. has a one year low of $8.50 and a one year high of $20.88. The business’s 50-day moving average is $11.39 and its 200-day moving average is $10.64.

eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Tuesday, August 31st. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. eGain had a net margin of 8.89% and a return on equity of 17.29%. Sell-side analysts forecast that eGain Co. will post -0.07 EPS for the current fiscal year.

In other eGain news, Director Russell Christine sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 8th. The shares were sold at an average price of $11.54, for a total transaction of $230,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric Smit sold 5,000 shares of the company’s stock in a transaction dated Thursday, July 15th. The shares were sold at an average price of $10.79, for a total transaction of $53,950.00. Following the sale, the chief financial officer now owns 132,187 shares of the company’s stock, valued at $1,426,297.73. The disclosure for this sale can be found here. 34.40% of the stock is owned by corporate insiders.

About eGain

eGain Corp. engages in the development, licensing, implementation, and support of customer service infrastructure software solutions. Its solutions include financial services, insurance, retail, travel and hospitality, ecommerce, helpdesks, and marketing. The company was founded by Ashutosh Roy and Gunjan Sinha in September 1997 and is headquartered in Sunnyvale, CA.

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Institutional Ownership by Quarter for eGain (NASDAQ:EGAN)

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