eGain Co. (NASDAQ:EGAN) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in shares of eGain Co. (NASDAQ:EGAN) by 45.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,184 shares of the technology company’s stock after selling 33,217 shares during the period. Assenagon Asset Management S.A. owned approximately 0.14% of eGain worth $250,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EGAN. State Street Corp increased its holdings in eGain by 0.8% in the third quarter. State Street Corp now owns 413,850 shares of the technology company’s stock valued at $2,111,000 after buying an additional 3,428 shares in the last quarter. Barclays PLC grew its holdings in shares of eGain by 48.5% in the 3rd quarter. Barclays PLC now owns 60,513 shares of the technology company’s stock worth $308,000 after acquiring an additional 19,772 shares during the period. Jane Street Group LLC increased its stake in eGain by 16.8% in the 3rd quarter. Jane Street Group LLC now owns 35,753 shares of the technology company’s stock valued at $182,000 after purchasing an additional 5,144 shares in the last quarter. Williams & Novak LLC acquired a new position in eGain during the third quarter worth $66,000. Finally, Sei Investments Co. boosted its position in eGain by 2.1% during the second quarter. Sei Investments Co. now owns 163,132 shares of the technology company’s stock worth $1,029,000 after purchasing an additional 3,384 shares in the last quarter. Hedge funds and other institutional investors own 53.94% of the company’s stock.

eGain Stock Down 1.8 %

Shares of NASDAQ:EGAN opened at $6.43 on Friday. The stock has a 50-day simple moving average of $5.89 and a 200-day simple moving average of $5.94. The stock has a market capitalization of $183.38 million, a P/E ratio of 33.84 and a beta of 0.42. eGain Co. has a 1 year low of $4.71 and a 1 year high of $7.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.79 and a current ratio of 1.79.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised eGain from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

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.