Insider Selling: Eric Smit Unloads 5,000 Shares of eGain Communications Stock (EGAN)
eGain Communications (NASDAQ:EGAN) CFO Eric Smit sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $10.17, for a total value of $50,850.00. Following the completion of the transaction, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at approximately $50,850. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on EGAN. Analysts at Zacks upgraded shares of eGain Communications from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $10.40 price target on the stock. Separately, analysts at Ladenburg Thalmann upgraded shares of eGain Communications from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $13.78.
Shares of eGain Communications (NASDAQ:EGAN) traded down 0.20% during mid-day trading on Wednesday, hitting $10.17. 78,290 shares of the company’s stock traded hands. eGain Communications has a 52-week low of $6.56 and a 52-week high of $15.75. The stock’s 50-day moving average is $10.40 and its 200-day moving average is $11.86. The company has a market cap of $257.7 million and a P/E ratio of 161.75.
eGain Communications (NASDAQ:EGAN) last released its earnings data on Wednesday, October 30th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $15.68 million for the quarter, compared to the consensus estimate of $10.72 million. On average, analysts predict that eGain Communications will post $-0.08 earnings per share for the current fiscal year.
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.