Acadian Asset Management LLC Has $5.96 Million Position in eGain Corporation $EGAN

Acadian Asset Management LLC cut its position in eGain Corporation (NASDAQ:EGAN) by 2.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 954,688 shares of the technology company’s stock after selling 26,152 shares during the quarter. Acadian Asset Management LLC owned 3.49% of eGain worth $5,962,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jefferies Financial Group Inc. acquired a new position in shares of eGain in the first quarter valued at approximately $83,000. Ritholtz Wealth Management acquired a new stake in eGain during the 2nd quarter worth approximately $194,000. Jane Street Group LLC grew its holdings in eGain by 53.7% during the 1st quarter. Jane Street Group LLC now owns 47,726 shares of the technology company’s stock worth $231,000 after acquiring an additional 16,678 shares during the last quarter. Strs Ohio acquired a new position in eGain in the 1st quarter valued at approximately $250,000. Finally, Nuveen LLC bought a new position in shares of eGain during the first quarter valued at $296,000. 53.94% of the stock is currently owned by institutional investors.

eGain Stock Down 24.8%

EGAN stock opened at $11.35 on Friday. The stock’s 50 day moving average is $11.72 and its 200-day moving average is $7.97. eGain Corporation has a twelve month low of $4.34 and a twelve month high of $15.95. The firm has a market capitalization of $306.67 million, a PE ratio of 9.87 and a beta of 0.49.

eGain (NASDAQ:EGAN) last issued its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The business had revenue of $23.51 million during the quarter, compared to the consensus estimate of $23.22 million. eGain had a net margin of 36.47% and a return on equity of 5.41%. eGain has set its Q2 2026 guidance at 0.070-0.080 EPS. FY 2026 guidance at 0.290-0.340 EPS. On average, equities research analysts anticipate that eGain Corporation will post 0.05 earnings per share for the current fiscal year.

eGain announced that its Board of Directors has initiated a share buyback plan on Thursday, September 4th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the technology company to reacquire up to 11.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Transactions at eGain

In other eGain news, CFO Eric Smit sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $14.44, for a total transaction of $72,200.00. Following the sale, the chief financial officer directly owned 129,187 shares of the company’s stock, valued at $1,865,460.28. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 38.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

EGAN has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of eGain in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of eGain from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Roth Capital reiterated a “buy” rating and set a $20.00 price target (up from $10.00) on shares of eGain in a report on Thursday. Finally, Zacks Research lowered eGain from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, eGain currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

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.