Today, the CEO of 8X8 (NASDAQ: EGHT), Vikram Verma, bought shares of EGHT for $140.2K.
Following Vikram Verma’s last EGHT Buy transaction on September 12, 2017, the stock climbed by 4.2%. This recent transaction increases Vikram Verma’s holding in the company by 1.15% to a total of $12.19 million.
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Based on 8X8’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $79.34 million and GAAP net loss of $13.26 million. In comparison, last year the company earned revenue of $66.49 million and had a GAAP net loss of $2.93 million. Currently, 8X8 has an average volume of 1.33M. The Company has a Price to Book ratio of 7.5475.
14 different firms, including B.Riley FBR and Barclays, currently also have a Buy rating on the stock. Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $22.86, reflecting a -20.2% downside.
Vikram Verma’s trades have generated a 17.7% 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 industry 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, Europe and Asia Pacific. The firm also offers a SaaS communication solution.
