Hunter Middleton Sells 85,044 Shares of 8X8 (NASDAQ:EGHT) Stock

8×8 Inc (NASDAQ:EGHT) insider Hunter Middleton sold 85,044 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $2.50, for a total transaction of $212,610.00. Following the sale, the insider directly owned 652,943 shares of the company’s stock, valued at approximately $1,632,357.50. The trade was a 11.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

8X8 Stock Performance

EGHT traded up $0.78 during midday trading on Wednesday, reaching $2.44. The company had a trading volume of 26,679,484 shares, compared to its average volume of 2,076,682. The business has a 50-day moving average of $1.91 and a two-hundred day moving average of $1.95. The company has a market cap of $338.28 million, a P/E ratio of -61.00, a P/E/G ratio of 1.73 and a beta of 1.80. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.30. 8×8 Inc has a 1 year low of $1.52 and a 1 year high of $3.52.

Analyst Ratings Changes

A number of research firms have recently weighed in on EGHT. Rosenblatt Securities reaffirmed a “buy” rating and issued a $2.50 price objective on shares of 8X8 in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 8X8 in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $2.49.

Institutional Investors Weigh In On 8X8

Institutional investors have recently made changes to their positions in the company. Boston Partners boosted its stake in shares of 8X8 by 24.0% during the 2nd quarter. Boston Partners now owns 7,957,135 shares of the company’s stock worth $15,595,000 after purchasing an additional 1,537,615 shares during the period. Bank of America Corp DE lifted its stake in 8X8 by 31.9% in the third quarter. Bank of America Corp DE now owns 6,234,230 shares of the company’s stock worth $13,217,000 after purchasing an additional 1,506,586 shares during the last quarter. Acadian Asset Management LLC lifted its stake in 8X8 by 29.9% in the second quarter. Acadian Asset Management LLC now owns 3,380,762 shares of the company’s stock worth $6,623,000 after purchasing an additional 779,010 shares during the last quarter. Panagora Asset Management Inc. purchased a new position in shares of 8X8 during the second quarter valued at approximately $1,518,000. Finally, JPMorgan Chase & Co. grew its stake in shares of 8X8 by 33.3% during the second quarter. JPMorgan Chase & Co. now owns 2,516,232 shares of the company’s stock valued at $4,932,000 after buying an additional 628,024 shares during the last quarter. Institutional investors own 93.99% of the company’s stock.

Key 8X8 News

Here are the key news stories impacting 8X8 this week:

• Positive Sentiment: 8×8 beat Q3 revenue and EPS expectations and reported improving profitability metrics (operating profit and net income up year‑over‑year). This is the core near‑term catalyst behind the rally. Q3 Results
• Positive Sentiment: Management raised Q4 FY2026 and full‑year FY2026 guidance for revenue and EPS well above Street estimates (Q4 EPS and revenue ranges, FY EPS $0.36–$0.37 vs. consensus ~$0.25), signaling stronger forward expectations. Guidance Raise
• Positive Sentiment: Usage‑based offerings surged (~60%) and management highlighted accelerating adoption of AI and API‑driven communications across the platform — supporting higher‑margin, recurring usage revenue growth. AI & Usage Growth
• Neutral Sentiment: Company hosted an earnings call / released full call transcripts with additional color on product adoption and go‑to‑market execution — useful for assessing sustainability of revenue upside. Earnings Call Transcript
• Neutral Sentiment: High trading volume accompanied the move; short‑interest data reported in some feeds looks unreliable (zeros/NaN) and should be treated with caution.
• Negative Sentiment: Gross profit declined and cost of sales rose year‑over‑year; cash from operations fell and cash balances were down — these raise questions about margin pressure and working capital trends even as revenue grows. Financial Details
• Negative Sentiment: Insider selling was reported (small), and the company still carries leverage on its balance sheet — factors investors will watch as guidance is realized.

About 8X8

8×8, Inc (NASDAQ: EGHT) is a global provider of cloud-based enterprise communications, collaboration and contact centre solutions. The company’s unified communications as a service (UCaaS) platform integrates voice, video, chat, SMS and contact-centre capabilities into a single, software-driven solution. By combining real-time analytics, team messaging and interoperability with third-party business applications, 8×8 aims to simplify communications infrastructure for organisations of all sizes.

Founded in 1987 and headquartered in Campbell, California, 8×8 pioneered hosted VoIP services for businesses in the late 1990s and went public on the NASDAQ in 1997.