Quadrature Capital Ltd Sells 30,015 Shares of eGain Co. (NASDAQ:EGAN)

Quadrature Capital Ltd lowered its stake in eGain Co. (NASDAQ:EGAN) by 37.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,702 shares of the technology company’s stock after selling 30,015 shares during the quarter. Quadrature Capital Ltd owned 0.16% of eGain worth $423,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in shares of eGain by 59.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 25,723 shares of the technology company’s stock valued at $214,000 after acquiring an additional 9,574 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in eGain in the 3rd quarter valued at $167,000. Worth Venture Partners LLC acquired a new stake in eGain in the 4th quarter valued at $286,000. Barclays PLC grew its position in eGain by 117.1% in the 3rd quarter. Barclays PLC now owns 38,507 shares of the technology company’s stock valued at $236,000 after purchasing an additional 20,770 shares during the period. Finally, BNP Paribas Financial Markets grew its position in eGain by 100.5% in the 4th quarter. BNP Paribas Financial Markets now owns 40,525 shares of the technology company’s stock valued at $338,000 after purchasing an additional 20,315 shares during the period. Institutional investors own 53.94% of the company’s stock.

eGain Trading Up 1.6 %

NASDAQ EGAN opened at $6.32 on Monday. The company has a fifty day simple moving average of $6.19 and a 200 day simple moving average of $6.74. eGain Co. has a 12-month low of $5.50 and a 12-month high of $8.52. The company has a market cap of $188.53 million, a P/E ratio of 22.57, a PEG ratio of 1.73 and a beta of 0.47.

eGain (NASDAQ:EGAN) last posted its quarterly earnings results on Thursday, May 9th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). eGain had a net margin of 9.34% and a return on equity of 13.83%. The business had revenue of $22.35 million during the quarter, compared to analyst estimates of $23.01 million. During the same period in the previous year, the business posted ($0.01) EPS. Sell-side analysts predict that eGain Co. will post 0.18 EPS for the current year.

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.