Occudo Quantitative Strategies LP Takes Position in eGain Co. (NASDAQ:EGAN)

Occudo Quantitative Strategies LP purchased a new stake in eGain Co. (NASDAQ:EGAN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,431 shares of the technology company’s stock, valued at approximately $71,000.

A number of other hedge funds also recently made changes to their positions in EGAN. Barclays PLC boosted its stake in shares of eGain by 48.5% in the 3rd quarter. Barclays PLC now owns 60,513 shares of the technology company’s stock valued at $308,000 after purchasing an additional 19,772 shares in the last quarter. JPMorgan Chase & Co. boosted its position in eGain by 11.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,481 shares of the technology company’s stock worth $79,000 after buying an additional 1,613 shares during the period. Kanen Wealth Management LLC boosted its position in eGain by 6.9% during the 4th quarter. Kanen Wealth Management LLC now owns 2,659,823 shares of the technology company’s stock worth $16,571,000 after buying an additional 171,451 shares during the period. Linden Thomas Advisory Services LLC boosted its position in eGain by 20.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 14,317 shares of the technology company’s stock worth $89,000 after buying an additional 2,442 shares during the period. Finally, Williams & Novak LLC boosted its position in eGain by 55.6% during the 4th quarter. Williams & Novak LLC now owns 20,270 shares of the technology company’s stock worth $126,000 after buying an additional 7,240 shares during the period. 53.94% of the stock is currently owned by institutional investors and hedge funds.

eGain Stock Performance

eGain stock opened at $5.08 on Monday. eGain Co. has a 52-week low of $4.34 and a 52-week high of $7.62. The firm has a 50 day moving average price of $4.86 and a two-hundred day moving average price of $5.43. The firm has a market cap of $138.94 million, a price-to-earnings ratio of 36.29 and a beta of 0.43.

eGain (NASDAQ:EGAN) last released its quarterly earnings results on Wednesday, May 14th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. eGain had a net margin of 4.86% and a return on equity of 7.41%. The firm had revenue of $21.01 million during the quarter, compared to analyst estimates of $21.24 million. As a group, equities research analysts predict that eGain Co. will post 0.05 EPS for the current fiscal year.

Analyst Ratings Changes

EGAN has been the topic of several recent research reports. Roth Mkm reiterated a “buy” rating and set a $10.00 target price (down from $12.00) on shares of eGain in a research report on Friday, February 14th. StockNews.com upgraded shares of eGain from a “buy” rating to a “strong-buy” rating in a research report on Friday.

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.