SCHEDULE 13G/A: BlackRock, Inc. Discloses 4.9% Passive Stake in eGain Corp
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 4.9% beneficial ownership stake in eGain Corp as of December 31, 2024.
Summary
- BlackRock, Inc. reported beneficial ownership of 1,410,020 shares of eGain Corp common stock as of December 31, 2024.
- This ownership represents 4.9% of the total outstanding common stock of eGain Corp.
- BlackRock, Inc. holds sole voting power over 1,399,505 shares and sole dispositive power over 1,410,020 shares.
- The filing, an Amendment No. 1 to Schedule 13G, indicates that the securities were acquired and are held in the ordinary course of business.
- BlackRock, Inc. certifies that the shares were not acquired or held for the purpose of, or with the effect of, changing or influencing the control of eGain Corp.
Sentiment
Score: 5
Explanation: This is a neutral, factual compliance filing disclosing a passive ownership stake. It does not contain positive or negative operational or financial news about the issuer.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders of eGain Corp are informed of BlackRock, Inc.'s passive ownership stake, which may provide some level of institutional validation, though the stake is below the 5% threshold for active reporting.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 01/21/2025 | Date of execution of the Power of Attorney by BlackRock, Inc. |
| 02/05/2025 | Date of signing of the Schedule 13G filing by Spencer Fleming, Managing Director of BlackRock, Inc. |
Keywords
BlackRock, eGain Corp, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Passive Investment
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