Insider Selling: eGain Communications CFO Sells 5,000 Shares of Stock (EGAN)
eGain Communications (NASDAQ:EGAN) CFO Eric Smit sold 5,000 shares of eGain Communications stock on the open market in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $13.62, for a total transaction of $68,100.00. Following the completion of the sale, the chief financial officer now directly owns 5,000 shares in the company, valued at approximately $68,100. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of eGain Communications (NASDAQ:EGAN) traded up 0.67% during mid-day trading on Thursday, hitting $13.46. 19,244 shares of the company’s stock traded hands. eGain Communications has a 1-year low of $3.72 and a 1-year high of $14.96. The stock has a 50-day moving average of $12.14 and a 200-day moving average of $9.46. The company has a market cap of $340.2 million and a price-to-earnings ratio of 477.50.
eGain Communications (NASDAQ:EGAN) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.09. The company had revenue of $18.00 million for the quarter, compared to the consensus estimate of $14.54 million. During the same quarter last year, the company posted ($0.14) earnings per share. Analysts expect that eGain Communications will post $-0.02 EPS for the current fiscal year.
EGAN has been the subject of a number of recent research reports. Analysts at Ladenburg Thalmann downgraded shares of eGain Communications from a “buy” rating to a “neutral” rating in a research note to investors on Friday, October 4th. They now have a $14.50 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Dougherty & Co reiterated a “buy” rating on shares of eGain Communications in a research note to investors on Thursday, September 26th. They now have a $12.50 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $14.25.
eGain Communications Corporation (NASDAQ:EGAN) provides multichannel customer service and knowledge management software for in-house or cloud deployment.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.