Insider Selling: eGain Corp (EGAN) CFO Sells 5,000 Shares of Stock
eGain Corp (NASDAQ:EGAN) CFO Eric Smit sold 5,000 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $4.65, for a total transaction of $23,250.00. Following the completion of the sale, the chief financial officer now directly owns 283,803 shares of the company’s stock, valued at approximately $1,319,683.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of eGain Corp (NASDAQ:EGAN) traded up $0.10 during trading on Wednesday, reaching $4.65. 109,711 shares of the company’s stock traded hands, compared to its average volume of 82,350. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of -0.91. eGain Corp has a 12-month low of $1.30 and a 12-month high of $4.95.
eGain (NASDAQ:EGAN) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. The business had revenue of $14.58 million during the quarter, compared to the consensus estimate of $14.38 million. During the same quarter last year, the firm posted ($0.09) earnings per share. eGain’s revenue was down 1.2% compared to the same quarter last year. analysts predict that eGain Corp will post -0.16 earnings per share for the current year.
Several equities research analysts recently weighed in on EGAN shares. Craig Hallum raised shares of eGain from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a report on Monday, October 2nd. Zacks Investment Research raised shares of eGain from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a report on Wednesday, November 22nd. Finally, ValuEngine downgraded shares of eGain from a “hold” rating to a “sell” rating in a report on Friday, December 1st.
eGain Company Profile
eGain Corporation (eGain) provides cloud-based and on-site customer engagement software solutions. The Company optimizes service processes across the Web, social and phone channels. The Company’s solutions help business to consumer (B2C) businesses to operationalize digital customer engagement strategies.
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