Saturday, June 25, 2022

8×8 Inc. [EGHT] Chief Financial Officer makes an insider purchase of 862 shares worth 4870.0.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 8×8 Inc. shares valued at $4,870 were sold by Wilson Samuel C. on Jun 21. At $5.65 per share, Wilson Samuel C. sold 862 shares. The insider’s holdings dropped to 580,050 shares worth approximately $3.17 million following the completion of this transaction.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Also, Zinn Matthew sold 422 shares, netting a total of over 2,384 in proceeds. Following the sale of shares at $5.65 each, the insider now holds 306,899 shares.

Before that, Wilson Samuel C. had sold 2,000 shares from its account. In a trade valued at $11,025, the Chief Financial Officer traded 8×8 Inc. shares for $5.51 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $3.17 million.

As published in a research note from B. Riley Securities on May 11, 2022, 8×8 Inc. [EGHT] has been rated up from a Neutral to a Buy and the price target has been revised to $13.50. This represents a 59.56% premium over Wednesday’s closing price. As of January 12, 2022, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for EGHT. Earlier on October 21, 2021, Barclays initiated its rating. Their recommendation was “an Equal weight” for EGHT stock.

Analyzing EGHT’s Price Performance

On Wednesday, 8×8 Inc. [NYSE: EGHT] rose 0.37% to $5.46. The stock’s lowest price that day was $5.29, but it reached a high of $5.685 in the same session. During the last five days, there has been a drop of approximately -4.88%. Over the course of the year, 8×8 Inc. shares have dropped approximately -67.42%. Shares of the company reached a 52-week high of $17.92 on 01/04/22 and a 52-week low of $5.18 on 06/16/22. A 50-day SMA is recorded $8.21, while a 200-day SMA reached $15.62. Nevertheless, trading volume fell to 2.04 million shares from 1.82 million shares the previous day.

Support And Resistance Levels for 8×8 Inc. (EGHT)

According to the 24-hour chart, there is a support level at 5.27, which, if violated, would cause prices to drop to 5.08. In the upper region, resistance lies at 5.67. The next price resistance is at 5.87. RSI (Relative Strength Index) is 28.72 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.85, which suggests the price will decrease in the coming days. Percent R is at 89.35%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Which companies own the most shares of 8×8 Inc. (EGHT)?

According to BlackRock Fund Advisors filings, the company currently owns 16,957,783 shares, which is about 14.33% of the total EGHT shares outstanding. The investor’s shares have appreciated by 750,094 from its previous 13-F filing of 16207689.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $102,111,066. Sylebra Capital Ltd. acquire a 1.29% interest valued at $101.52 million while ArrowMark Colorado Holdings LLC purchased a 1,356,183 stake. A total of 0 shares of 8×8 Inc. were bought by Tiger Global Management LLC during the quarter, and 310,908 were bought by SSgA Funds Management, Inc. In its current portfolio, Morgan Stanley & Co. LLC holds 3,520,174 shares valued at $25.52 million.

In terms of 8×8 Inc. share price expectations, FactSet research, analysts set an average price target of $12.04 in the next 12 months, up nearly 102.21% from the previous closing price of $5.44. Analysts anticipate 8×8 Inc. stock to reach $18.00 by 2022, with the lowest price target being $8.00. In spite of this, 15 analysts ranked 8×8 Inc. stock as an Overweight at the end of 2022. On June 22, 2021, Needham assigned a price target of “a Buy” to the stock and initiated coverage with a $32.

Latest news

Related news


Please enter your comment!
Please enter your name here




Download Free eBook For

The 5 Best Growth Stocks 2022

100% free. stop anytime no spam