Today, a Director at 8X8 (NYSE: EGHT), Ian Potter, sold shares of EGHT for $31.01K.
Following Ian Potter’s last EGHT Sell transaction on September 25, 2017, the stock climbed by 5.5%. This is Potter’s first Sell trade following 5 Buy transactions.
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Based on 8X8’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $83.23 million and GAAP net loss of $15.36 million. In comparison, last year the company earned revenue of $72.48 million and had a GAAP net loss of $546K. Currently, 8X8 has an average volume of 525.2K.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $24.33, reflecting a 32.7% upside.
In the last 30 days, insiders have sold $31.01K worth of EGHT shares and purchased $87K worth of EGHT shares. The insider sentiment on 8X8 has been positive according to 49 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Ian Potter’s trades have generated a 13.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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8×8, Inc. operates as a business cloud communications provider which engages in the provision of development and use of Internet protocol voice, video and data communication technologies. It operates through the following geographical segments: Americas and Europe. The firm also offers a SaaS communication solution.
