On November 22, 2024, Laurence Denny, Chief Legal Officer of 8x8 Inc, executed a sale of 35,000 shares of the company (EGHT, Financial). Following this transaction, the insider now holds 241,246 shares of the company. The details of this transaction can be found in the SEC Filing.
8x8 Inc (EGHT) is a provider of cloud-based communication solutions, offering voice, video, chat, and contact center services to businesses globally. The company aims to enhance business productivity and customer engagement through its integrated communication platform.
Over the past year, Laurence Denny has sold a total of 76,150 shares and has not made any purchases. The insider transaction history for 8x8 Inc indicates that there have been no insider buys and 43 insider sells over the same period.
As of the date of the recent sale, shares of 8x8 Inc were trading at $3 each, resulting in a market cap of $415.5 million. The stock's GF Value is estimated at $3.45, giving it a price-to-GF-Value ratio of 0.87. This suggests that the stock is fairly valued according to its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on three factors:
- Historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow that the stock has traded at.
- A GuruFocus adjustment factor based on the company’s past returns and growth.
- Future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
