eGain Co. (NASDAQ:EGAN) Shares Sold by Bullseye Asset Management LLC

Bullseye Asset Management LLC lessened its stake in shares of eGain Co. (NASDAQ:EGAN - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,082 shares of the technology company's stock after selling 117,822 shares during the quarter. Bullseye Asset Management LLC owned approximately 1.11% of eGain worth $1,969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in eGain by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 690,317 shares of the technology company's stock worth $4,300,000 after purchasing an additional 1,820 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of eGain by 36.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company's stock valued at $51,000 after acquiring an additional 2,197 shares during the last quarter. Integrated Quantitative Investments LLC purchased a new position in shares of eGain during the 4th quarter worth about $236,000. O Shaughnessy Asset Management LLC boosted its position in shares of eGain by 37.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 27,009 shares of the technology company's stock worth $168,000 after acquiring an additional 7,373 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in eGain by 382.4% in the fourth quarter. JPMorgan Chase & Co. now owns 74,688 shares of the technology company's stock valued at $465,000 after purchasing an additional 59,207 shares during the period. Hedge funds and other institutional investors own 53.94% of the company's stock.

Analyst Upgrades and Downgrades

EGAN has been the subject of several research analyst reports. StockNews.com raised shares of eGain from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Roth Mkm reaffirmed a "buy" rating and set a $10.00 price target (down previously from $12.00) on shares of eGain in a research report on Friday, February 14th.

eGain Stock Down 0.2 %

Shares of eGain stock traded down $0.01 during trading hours on Wednesday, hitting $5.23. The company's stock had a trading volume of 16,313 shares, compared to its average volume of 78,361. eGain Co. has a 1-year low of $4.34 and a 1-year high of $7.62. The business has a fifty day moving average of $4.82 and a 200 day moving average of $5.42. The company has a market capitalization of $147.13 million, a PE ratio of 37.36 and a beta of 0.50.

eGain (NASDAQ:EGAN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. On average, sell-side analysts anticipate that eGain Co. will post 0.05 earnings per share for the current fiscal year.

About eGain

eGain Corporation develops, licenses, implements, and supports customer service infrastructure software solutions in North America, Europe, the Middle East, Africa, and the Asia Pacific. It provides eGain Knowledge Hub, which helps businesses to centralize knowledge, policies, procedures, situational expertise, best-practices, while delivering guided, and personalized solutions to customers and agents; eGain Conversation Hub for digital-first, omnichannel interaction management within a modern, purpose-built desktop; and eGain Analytics Hub enables clients to measure, manage, and optimize omnichannel service operations and knowledge.