Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 8X8 Inc shares valued at $12,309 were sold by Burton Andrew F. on Jun 18 ’25. At $1.85 per share, Burton Andrew F. sold 6,644 shares. The insider’s holdings dropped to 126,665 shares worth approximately $0.22 million following the completion of this transaction.
Also, ANDREW BURTON purchased 6,644 shares, netting a total of over 12,225 in proceeds.
Before that, SYLEBRA CAPITAL LLC had sold 200,000 shares from its account. In a trade valued at $368,000, the 10% Owner traded 8X8 Inc shares for $1.84 each. Upon closing the transaction, the insider’s holdings decreased to 200,000 shares, worth approximately $24.44 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
On last trading session, 8X8 Inc [NASDAQ: EGHT] plunged -7.85% to $1.76. The stock’s lowest price that day was $1.565, but it reached a high of $1.82 in the same session. During the last five days, there has been a drop of approximately -10.20%. Over the course of the year, 8X8 Inc shares have dropped approximately -36.23%.
Is 8X8 Inc subject to short interest?
Stocks of 8X8 Inc saw a sharp rise in short interest on 2025-07-15 jumping by 0.14 million shares to 3.9 million. Data from Yahoo Finance shows that the short interest on 2025-06-13 was 3.76 million shares. A jump of 3.57% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.25 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.25.
Which companies own the most shares of 8X8 Inc (EGHT)?
In terms of 8X8 Inc share price expectations, FactSet research, analysts set an average price target of 8 in the next 12 months, up nearly 318.85% from the previous closing price of $1.91. Analysts anticipate 8X8 Inc stock to reach 50 by 2025, with the lowest price target being 2. In spite of this, 6 analysts ranked 8X8 Inc stock as Buy at the end of 2025. On March 24, 2023, Rosenblatt assigned a price target of “a Buy” to the stock and initiated coverage with a $6.
