The SVP-Strategy,Analytics&CorpDev of 8X8 (EGHT) is Selling Shares


Today, the SVP-Strategy,Analytics&CorpDev of 8X8 (NYSE: EGHT), Darren Hakeman, sold shares of EGHT for $186K.

Following Darren Hakeman’s last EGHT Sell transaction on February 21, 2018, the stock climbed by 4.8%. In addition to Darren Hakeman, 4 other EGHT executives reported Sell trades in the last month.

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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 $69.1 million and had a GAAP net loss of $2.17 million. Currently, 8X8 has an average volume of 661.8K. The Company has a Price to Book ratio of 8.5969.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $24.50, reflecting a 8.4% upside.

In the last 30 days, insiders have sold $186K worth of EGHT shares and purchased $1.2M worth of EGHT shares. The insider sentiment on 8X8 has been positive according to 53 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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.

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