Laurence Denny Sells Over 7,700 Shares of 8x8, Inc.
Chief Legal Officer Laurence Denny sold 7,747 shares of 8x8, Inc. on June 15, 2026.
Key Points
- Laurence Denny, Chief Legal Officer at 8x8, Inc., sold 7,747 shares on June 15, 2026, valued at $13,712.19.
- Shares of NasdaqGS:EGHT were trading around $1.81, with a market cap of approximately $255.6 million and a P/E ratio of 181.0.
- Other insiders, including the CEO and CFO, also sold shares recently, and analysts have set a mean price target of $2.475.
Laurence Denny, the Chief Legal Officer at 8x8, Inc. (NasdaqGS:EGHT), sold 7,747 shares of the company on June 15, 2026. The shares were sold at an average price of $1.77, amounting to a total value of $13,712.19. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at 8x8, Inc.
In addition to Laurence Denny, several other key executives at 8x8, Inc. also sold shares on June 15, 2026. Chief Financial Officer Kevin Kraus sold 17,854 shares, Chief Product Officer Hunter Middleton sold 16,112 shares, and CEO Samuel Wilson sold 40,068 shares. These sales were conducted at an average price of $1.77 per share.
8x8, Inc. Stock Snapshot
Shares of 8x8, Inc. were trading around $1.81. The company has a market capitalization of approximately $255.6 million and a P/E ratio of 181.0, indicating high investor expectations relative to its earnings. The stock's 52-week range spans from $1.57 to $2.88. It has a 50-day moving average of $2.08 and a 200-day moving average of $2.03. With a beta of 1.817, the stock is more volatile than the broader market.
Analysts Set New Price Targets
On May 20, 2026, Rosenblatt maintained its 'buy' rating for 8x8, Inc. with a price target of $3.00. The consensus among analysts is a 'hold' rating, with a mean price target of $2.475 based on four analyst opinions.
Other Institutional Activity in 8x8, Inc.
Several institutional investors have been adjusting their positions in 8x8, Inc. BlackRock, Inc. increased its holdings by 671,375 shares, bringing its total to 11,936,552 shares worth about $19.8 million. Conversely, Sylebra Capital LLC reduced its stake by 2,589,874 shares, leaving it with 8,908,503 shares valued at approximately $14.8 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both established new positions with 7,138,214 and 5,764,677 shares, respectively.
About 8x8, Inc.
8x8, Inc. is a technology company headquartered in Campbell, California. It provides a range of communication solutions, including voice, video, chat, and API services for various customer engagement needs. The company's products, like 8x8 Work and 8x8 Contact Center, support businesses in maintaining seamless communication across multiple channels. Led by CEO Samuel C. Wilson, 8x8 serves a diverse customer base worldwide, from small businesses to large enterprises.
Bottom Line
Insider sales at 8x8, Inc., including those by key executives, highlight recent activity in the company's stock. While these sales may not indicate future performance, they provide insight into the actions of those closely tied to the company's operations. Investors often track such insider transactions for potential clues about a company's prospects, though these are backward-looking events and should be considered alongside broader market and company-specific factors.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.