8×8, Inc. (NASDAQ:EGHT – Get Free Report) CAO Suzy M. Seandel sold 7,256 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $2.27, for a total transaction of $16,471.12. Following the sale, the chief accounting officer now owns 275,172 shares in the company, valued at $624,640.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
8X8 Stock Performance
Shares of NASDAQ:EGHT opened at $2.18 on Friday. 8×8, Inc. has a 52 week low of $2.12 and a 52 week high of $4.88. The stock has a market capitalization of $269.06 million, a P/E ratio of -4.95 and a beta of 1.46. The firm has a fifty day simple moving average of $2.64 and a two-hundred day simple moving average of $2.95. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 3.73.
Hedge Funds Weigh In On 8X8
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of 8X8 by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 10,887,429 shares of the company’s stock worth $41,154,000 after buying an additional 282,173 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of 8X8 in the 4th quarter worth $168,000. GSA Capital Partners LLP grew its stake in shares of 8X8 by 326.7% in the 4th quarter. GSA Capital Partners LLP now owns 47,917 shares of the company’s stock worth $181,000 after buying an additional 36,687 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of 8X8 by 33.3% in the 4th quarter. Voya Investment Management LLC now owns 1,240,704 shares of the company’s stock worth $4,690,000 after buying an additional 309,690 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of 8X8 in the 4th quarter worth $150,000. 93.99% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Check Out Our Latest Report on EGHT
About 8X8
8×8, Inc provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small and mid-size businesses, mid-market and larger enterprises, government agencies, and other organizations worldwide. It provides 8×8 Work, a self-contained end-to-end united communications solution that delivers enterprise voice with public switched telephone network connectivity, video meetings, and unified messaging, as well as direct messages, public and private team messaging rooms, and short and multimedia services; 8×8 Contact Center, a multi-channel cloud-based contact center solution; and 8×8 CPaaS, a set of global communications Platform-as-a-Service.
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