Today, the CEO of 8X8 (EGHT), Vikram Verma, bought shares of EGHT for $98.87K.
Following Vikram Verma’s last EGHT Buy transaction on November 01, 2018, the stock climbed by 5.8%.
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Based on 8X8’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $96.68 million and GAAP net loss of $34.27 million. In comparison, last year the company earned revenue of $83.23 million and had a GAAP net loss of $15.36 million. Currently, 8X8 has an average volume of 1.36M. The Company has a Price to Book ratio of 9.9489.
Based on 12 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $26.59, reflecting a 12.1% upside. Eight different firms, including Dougherty and Morgan Stanley, currently also have a Buy rating on the stock.
Vikram Verma’s trades have generated a 23.1% 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. engages in the provision of enterprise communication solutions. Its solutions include industry and business solutions for collections, education, government healthcare, high tech, insurance, call center, call center software, network optimization, and international calls. The company was founded in February 1987 and is headquartered in San Jose, CA.
