Allspring Global Investments Holdings LLC grew its position in eGain Co. (NASDAQ:EGAN – Free Report) by 59.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,723 shares of the technology company’s stock after purchasing an additional 9,574 shares during the period. Allspring Global Investments Holdings LLC owned about 0.08% of eGain worth $214,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its holdings in eGain by 117.1% during 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 last quarter. Hsbc Holdings PLC acquired a new position in shares of eGain in the 3rd quarter worth approximately $167,000. AE Wealth Management LLC bought a new stake in eGain during the 3rd quarter worth approximately $189,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in eGain during the 3rd quarter valued at $252,000. Finally, Simplex Trading LLC acquired a new stake in eGain during the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 53.94% of the company’s stock.
eGain Trading Up 1.1 %
Shares of NASDAQ EGAN opened at $6.25 on Friday. eGain Co. has a 1-year low of $5.50 and a 1-year high of $8.52. The company has a 50-day moving average of $6.22 and a two-hundred day moving average of $6.90. The company has a market cap of $195 million, a PE ratio of 28.41 and a beta of 0.54.
Wall Street Analyst Weigh In
Separately, Roth Mkm decreased their target price on eGain from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, February 9th.
Check Out Our Latest Stock Report on EGAN
eGain Company Profile
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.
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