8X8 Inc’s recent filing unveils that its 10% Owner SYLEBRA CAPITAL LLC unloaded Company’s shares for reported $0.37 million on Jun 11 ’25. In the deal valued at $1.84 per share,200,000 shares were sold. As a result of this transaction, SYLEBRA CAPITAL LLC now holds 13,885,649 shares worth roughly $24.16 million.
Then, SYLEBRA CAPITAL LLC sold 103,826 shares, generating $185,849 in total proceeds. Upon selling the shares at $1.79, the 10% Owner now owns 13,781,823 shares.
Before that, Kraus Kevin sold 1,000 shares. 8X8 Inc shares valued at $1,810 were divested by the Chief Financial Officer at a price of $1.81 per share. As a result of the transaction, Kraus Kevin now holds 441,767 shares, worth roughly $0.77 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 Monday, 8X8 Inc [NASDAQ:EGHT] saw its stock unchanged to $1.74. Over the last five days, the stock has lost -6.95%. 8X8 Inc shares have fallen nearly -34.83% since the year began. Nevertheless, the stocks have fallen -31.50% over the past one year. While a 52-week high of $3.52 was reached on 02/14/25, a 52-week low of $1.51 was recorded on 04/21/25.
Levels Of Support And Resistance For EGHT Stock
The 24-hour chart illustrates a support level at 1.7000, which if violated will result in even more drops to 1.6600. On the upside, there is a resistance level at 1.7700. A further resistance level may holdings at 1.8000.
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.
