eGain Corporation (NASDAQ:EGAN – Get Free Report) CFO Eric Smit sold 15,000 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $10.00, for a total value of $150,000.00. Following the completion of the transaction, the chief financial officer owned 129,187 shares in the company, valued at approximately $1,291,870. This represents a 10.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
eGain Trading Down 0.4%
Shares of EGAN opened at $12.87 on Thursday. eGain Corporation has a 1 year low of $4.34 and a 1 year high of $13.41. The stock has a market cap of $345.82 million, a P/E ratio of 11.19 and a beta of 0.40. The stock’s 50-day moving average price is $7.54 and its two-hundred day moving average price is $6.27.
eGain declared that its Board of Directors has initiated a share buyback program on Thursday, September 4th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the technology company to buy up to 11.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
Institutional Investors Weigh In On eGain
Analyst Ratings Changes
A number of equities analysts have issued reports on EGAN shares. Weiss Ratings restated a “hold (c)” rating on shares of eGain in a report on Saturday, September 27th. Wall Street Zen upgraded eGain from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. Finally, Zacks Research upgraded eGain from a “hold” rating to a “strong-buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $10.00.
View Our Latest Stock Analysis on EGAN
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.
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