Los Angeles Capital Management LLC decreased its stake in eGain Co. (NASDAQ:EGAN – Get Rating) by 22.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,221 shares of the technology company’s stock after selling 38,314 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.40% of eGain worth $1,167,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA lifted its stake in shares of eGain by 81.0% in the second quarter. BNP Paribas Arbitrage SA now owns 4,813 shares of the technology company’s stock worth $47,000 after buying an additional 2,154 shares in the last quarter. Prelude Capital Management LLC purchased a new position in shares of eGain in the third quarter worth about $75,000. Lazard Asset Management LLC lifted its stake in shares of eGain by 17.9% in the first quarter. Lazard Asset Management LLC now owns 7,705 shares of the technology company’s stock worth $89,000 after buying an additional 1,168 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of eGain by 1,354.1% in the third quarter. Tower Research Capital LLC TRC now owns 12,796 shares of the technology company’s stock worth $94,000 after buying an additional 11,916 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new position in shares of eGain in the fourth quarter worth about $96,000. Institutional investors and hedge funds own 62.05% of the company’s stock.
eGain Price Performance
Shares of EGAN stock opened at $7.20 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.83 and a quick ratio of 1.83. The firm’s 50-day moving average is $7.50 and its two-hundred day moving average is $8.33. eGain Co. has a 12 month low of $7.02 and a 12 month high of $10.58. The company has a market capitalization of $231.34 million, a PE ratio of -102.84 and a beta of 0.61.
Analyst Ratings Changes
eGain Profile
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 in September 1997 and is headquartered in Sunnyvale, CA.
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