Insider Selling: 8X8 (NASDAQ:EGHT) Insider Sells 85,044 Shares of Stock

8×8 Inc (NASDAQ:EGHT) insider Hunter Middleton sold 85,044 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $2.50, for a total value of $212,610.00. Following the sale, the insider directly owned 652,943 shares in the company, valued at $1,632,357.50. This trade represents a 11.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

8X8 Price Performance

NASDAQ:EGHT traded up $0.78 during mid-day trading on Wednesday, hitting $2.44. 26,679,484 shares of the stock traded hands, compared to its average volume of 2,076,682. The business’s 50-day moving average price is $1.91 and its 200 day moving average price is $1.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.30. 8×8 Inc has a 12-month low of $1.52 and a 12-month high of $3.52. The company has a market cap of $338.28 million, a PE ratio of -61.00, a price-to-earnings-growth ratio of 1.73 and a beta of 1.80.

Key 8X8 News

Here are the key news stories impacting 8X8 this week:

• Positive Sentiment: 8×8 beat Q3 revenue and EPS expectations and reported improving profitability metrics (operating profit and net income up year‑over‑year). This is the core near‑term catalyst behind the rally. Q3 Results
• Positive Sentiment: Management raised Q4 FY2026 and full‑year FY2026 guidance for revenue and EPS well above Street estimates (Q4 EPS and revenue ranges, FY EPS $0.36–$0.37 vs. consensus ~$0.25), signaling stronger forward expectations. Guidance Raise
• Positive Sentiment: Usage‑based offerings surged (~60%) and management highlighted accelerating adoption of AI and API‑driven communications across the platform — supporting higher‑margin, recurring usage revenue growth. AI & Usage Growth
• Neutral Sentiment: Company hosted an earnings call / released full call transcripts with additional color on product adoption and go‑to‑market execution — useful for assessing sustainability of revenue upside. Earnings Call Transcript
• Neutral Sentiment: High trading volume accompanied the move; short‑interest data reported in some feeds looks unreliable (zeros/NaN) and should be treated with caution.
• Negative Sentiment: Gross profit declined and cost of sales rose year‑over‑year; cash from operations fell and cash balances were down — these raise questions about margin pressure and working capital trends even as revenue grows. Financial Details
• Negative Sentiment: Insider selling was reported (small), and the company still carries leverage on its balance sheet — factors investors will watch as guidance is realized.

Institutional Trading of 8X8

A number of hedge funds have recently modified their holdings of EGHT. Nisa Investment Advisors LLC increased its stake in shares of 8X8 by 359.7% during the second quarter. Nisa Investment Advisors LLC now owns 13,042 shares of the company’s stock valued at $26,000 after purchasing an additional 10,205 shares in the last quarter. Prelude Capital Management LLC bought a new stake in shares of 8X8 in the 3rd quarter worth $26,000. CIBC Bancorp USA Inc. bought a new stake in 8X8 in the 3rd quarter worth about $30,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of 8X8 in the third quarter worth approximately $31,000. Finally, R Squared Ltd bought a new stake in 8X8 in the 2nd quarter worth approximately $34,000. Institutional investors own 93.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on EGHT shares. Rosenblatt Securities restated a “buy” rating and set a $2.50 price objective on shares of 8X8 in a research report on Wednesday, November 5th. Weiss Ratings restated a “sell (e+)” rating on shares of 8X8 in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $2.49.

About 8X8

8×8, Inc (NASDAQ: EGHT) is a global provider of cloud-based enterprise communications, collaboration and contact centre solutions. The company’s unified communications as a service (UCaaS) platform integrates voice, video, chat, SMS and contact-centre capabilities into a single, software-driven solution. By combining real-time analytics, team messaging and interoperability with third-party business applications, 8×8 aims to simplify communications infrastructure for organisations of all sizes.

Founded in 1987 and headquartered in Campbell, California, 8×8 pioneered hosted VoIP services for businesses in the late 1990s and went public on the NASDAQ in 1997.