8X8 Inc’s recent filing unveils that its Chief Financial Officer Kraus Kevin unloaded Company’s shares for reported $1810.0 on May 15 ’25. In the deal valued at $1.81 per share,1,000 shares were sold. As a result of this transaction, Kraus Kevin now holds 441,767 shares worth roughly $0.83 million.
Then, Kraus Kevin sold 1,000 shares, generating $1,670 in total proceeds. Upon selling the shares at $1.67, the Chief Financial Officer now owns 442,767 shares.
Before that, SYLEBRA CAPITAL LLC sold 101,678 shares. 8X8 Inc shares valued at $226,742 were divested by the 10% Owner at a price of $2.23 per share. As a result of the transaction, SYLEBRA CAPITAL LLC now holds 14,085,649 shares, worth roughly $26.34 million.
Mizuho downgraded its 8X8 Inc [EGHT] rating to an Underperform from a a Neutral in a research note published on December 13, 2024; the price target was decreased to $2.50 from $2.75. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid June from “an Equal-weight” to “an Underweight”. Craig Hallum also remained covering EGHT and has increased its forecast on November 02, 2023 with a “Buy” recommendation from previously “Hold” rating. Craig Hallum revised its rating on August 09, 2023. It rated EGHT as “a Hold” which previously was an “a Buy”.
Price Performance Review of EGHT
On Friday, 8X8 Inc [NASDAQ:EGHT] saw its stock jump 3.31% to $1.87. Over the last five days, the stock has gained 16.87%. 8X8 Inc shares have fallen nearly -29.96% since the year began. Nevertheless, the stocks have fallen -28.35% over the past one year.
Levels Of Support And Resistance For EGHT Stock
How much short interest is there in 8X8 Inc?
A steep rise in short interest was recorded in 8X8 Inc stocks on 2025-05-15, dropping by -1.02 million shares to a total of 5.49 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-15 was 6.51 million shares. There was a decline of -18.51%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 24, 2023 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $6 price target.
