The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 8X8 Inc shares valued at $226,742 were sold by SYLEBRA CAPITAL LLC on Mar 24 ’25. At $2.23 per share, SYLEBRA CAPITAL LLC sold 101,678 shares. The insider’s holdings dropped to 14,085,649 shares worth approximately $30.99 million following the completion of this transaction.
Also, SYLEBRA CAPITAL LLC sold 52,149 shares, netting a total of over 114,206 in proceeds. Following the sale of shares at $2.19 each, the insider now holds 14,237,327 shares.
Before that, SYLEBRA CAPITAL LLC had sold 50,000 shares from its account. In a trade valued at $107,000, the 10% Owner traded 8X8 Inc shares for $2.14 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $31.21 million.
As published in a research note from Mizuho on December 13, 2024, 8X8 Inc [EGHT] has been rated down from a Neutral to an Underperform and the price target has been revised to $2.50 from $2.75. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid June. As of November 02, 2023, Craig Hallum has increased its “Hold” rating to a “Buy” for EGHT. Earlier on August 09, 2023, Craig Hallum downgraded its rating. Their new recommendation was “a Hold” for EGHT stock which previously was a “a Buy”.
Analyzing EGHT Stock Performance
During the last five days, there has been a drop of approximately -1.79%. Over the course of the year, 8X8 Inc shares have dropped approximately -17.60%. Shares of the company reached a 52-week high of $3.52 on 02/14/25 and a 52-week low of $2.06 on 03/13/25. A 50-day SMA is recorded $2.60, while a 200-day SMA reached $2.43.
Support And Resistance Levels for 8X8 Inc (EGHT)
According to the 24-hour chart, there is a support level at 2.17, which, if violated, would cause prices to drop to 2.15. In the upper region, resistance lies at 2.24. The next price resistance is at 2.29. RSI (Relative Strength Index) is 39.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 51.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
