The CTO of 8X8 (NYSE: EGHT) is Selling Shares

By Carrie Williams

Yesterday, the CTO of 8X8 (EGHTResearch Report), Bryan R. Martin, sold shares of EGHT for $1.37M.

Following Bryan R. Martin’s last EGHT Sell transaction on February 02, 2018, the stock climbed by 3.1%. In addition to Bryan R. Martin, one other EGHT executive reported Sell trades in the last month.

See today’s analyst top recommended stocks >>

Based on 8X8’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $119 million and GAAP net loss of $47.07 million. In comparison, last year the company earned revenue of $89.91 million and had a GAAP net loss of $23.77 million. The company has a one-year high of $26.67 and a one-year low of $16.62. The Company has a Price to Book ratio of 9.6347.

The insider sentiment on 8X8 has been positive according to 45 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

8×8, Inc. engages in the provision of enterprise communication solutions. Its solutions include industry and business solutions for collections, education, government healthcare, high tech, insurance, call center, call center software, network optimization, and international calls. The company was founded in February 1987 and is headquartered in San Jose, CA.