Charles Schwab Investment Management Inc. Sells 61,998 Shares of eGain Corporation $EGAN

Charles Schwab Investment Management Inc. decreased its holdings in eGain Corporation (NASDAQ:EGAN) by 26.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 175,893 shares of the technology company’s stock after selling 61,998 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.63% of eGain worth $853,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in eGain by 6.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 42,630 shares of the technology company’s stock valued at $207,000 after acquiring an additional 2,446 shares in the last quarter. Bank of America Corp DE lifted its position in eGain by 8.9% in the 4th quarter. Bank of America Corp DE now owns 30,886 shares of the technology company’s stock valued at $192,000 after acquiring an additional 2,525 shares in the last quarter. Wells Fargo & Company MN lifted its position in eGain by 36.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,173 shares of the technology company’s stock valued at $51,000 after acquiring an additional 2,197 shares in the last quarter. Bank of New York Mellon Corp lifted its position in eGain by 8.1% in the 1st quarter. Bank of New York Mellon Corp now owns 139,684 shares of the technology company’s stock valued at $677,000 after acquiring an additional 10,486 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in eGain by 263.0% in the 4th quarter. Mackenzie Financial Corp now owns 90,688 shares of the technology company’s stock valued at $565,000 after acquiring an additional 65,708 shares in the last quarter. Institutional investors own 53.94% of the company’s stock.

eGain Stock Up 0.6%

Shares of EGAN stock opened at $6.33 on Wednesday. The company has a 50 day moving average of $6.32 and a 200-day moving average of $5.56. eGain Corporation has a 12-month low of $4.34 and a 12-month high of $7.33. The firm has a market cap of $173.13 million, a P/E ratio of 70.33 and a beta of 0.30.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of eGain from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, eGain has a consensus rating of “Moderate Buy” and an average price target of $8.50.

eGain 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.