8×8, Inc. (NYSE:EGHT) Insider Dejan Deklich Sells 2,191 Shares

8×8, Inc. (NYSE:EGHT) insider Dejan Deklich sold 2,191 shares of the business’s stock in a transaction dated Sunday, September 19th. The shares were sold at an average price of $24.06, for a total transaction of $52,715.46. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Dejan Deklich also recently made the following trade(s):

  • On Monday, July 26th, Dejan Deklich sold 3,673 shares of 8X8 stock. The stock was sold at an average price of $26.37, for a total transaction of $96,857.01.
  • On Tuesday, July 20th, Dejan Deklich sold 9,931 shares of 8X8 stock. The stock was sold at an average price of $25.03, for a total transaction of $248,572.93.
  • On Friday, July 16th, Dejan Deklich sold 10,016 shares of 8X8 stock. The shares were sold at an average price of $25.45, for a total transaction of $254,907.20.
  • On Wednesday, June 30th, Dejan Deklich sold 14,023 shares of 8X8 stock. The stock was sold at an average price of $27.77, for a total transaction of $389,418.71.

NYSE EGHT opened at $24.13 on Wednesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 2.00. 8×8, Inc. has a 52 week low of $14.71 and a 52 week high of $39.17. The business has a 50 day moving average price of $24.85 and a 200-day moving average price of $27.63. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -15.37 and a beta of 1.13.

8X8 (NYSE:EGHT) last issued its quarterly earnings data on Wednesday, August 4th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.24. 8X8 had a negative net margin of 29.99% and a negative return on equity of 80.05%. The firm had revenue of $148.30 million during the quarter, compared to analysts’ expectations of $143.07 million. During the same period last year, the company earned ($0.07) earnings per share. The business’s revenue was up 21.7% on a year-over-year basis. On average, equities research analysts anticipate that 8×8, Inc. will post -1.07 earnings per share for the current year.

Several brokerages have recently issued reports on EGHT. Zacks Investment Research downgraded 8X8 from a “hold” rating to a “sell” rating in a research report on Tuesday, August 10th. Colliers Securities restated a “buy” rating and issued a $42.00 target price on shares of 8X8 in a research note on Wednesday, September 1st. Finally, Needham & Company LLC started coverage on shares of 8X8 in a research report on Monday, June 21st. They set a “buy” rating and a $32.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.23.

Institutional investors and hedge funds have recently modified their holdings of the stock. Rational Advisors LLC purchased a new stake in 8X8 in the second quarter worth $48,000. Eaton Vance Management purchased a new stake in shares of 8X8 in the 1st quarter valued at about $76,000. Systematic Alpha Investments LLC purchased a new position in 8X8 in the 2nd quarter worth approximately $111,000. FORA Capital LLC bought a new position in 8X8 in the first quarter valued at $131,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of 8X8 during the 1st quarter valued at about $182,000. 96.51% of the stock is owned by institutional investors.

About 8X8

8×8, Inc engages in the provision of enterprise communication solutions. It offers solutions to business services, education, financial services, government, healthcare, and manufacturing industries. The company was founded in February 1987 and is headquartered in San Jose, CA.

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Insider Buying and Selling by Quarter for 8X8 (NYSE:EGHT)

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