EGHT's Chief Legal Officer Sells Shares
Laurence Denny sold 7,747 shares of EGHT on June 15, 2026.
Key Points
- Laurence Denny, EGHT's Chief Legal Officer, sold 7,747 shares for $1.77 each, totaling $13,712.19 on June 15, 2026.
- EGHT shares traded near $1.77. BlackRock and Vanguard increased their holdings, while Synebra Capital reduced its position.
- Analysts maintained their ratings, with Rosenblatt setting a price target of $3.00 as of May 20, 2026.
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Laurence Denny, the Chief Legal Officer at EGHT, recently sold 7,747 shares of the company. The transaction, which took place on June 15, 2026, was executed at an average price of $1.77 per share, resulting in a total value of $13,712.19. This sale was not part of a pre-planned trading program.
Other Institutional Activity in EGHT
Several institutional investors adjusted their positions in EGHT. BlackRock, Inc. increased its holdings by 671,375 shares, bringing its total to 11,936,552 shares, valued at approximately $19,814,678. Vanguard Portfolio Management LLC also expanded its stake significantly, adding 7,138,214 shares, ending with a total of 7,138,214 shares valued at $11,849,435. On the other hand, Synebra Capital LLC reduced its position by 2,589,874 shares, leaving it with 8,908,503 shares worth about $14,788,115. Boston Partners and Bank of America Corp DE also trimmed their stakes by 483,590 and 602,277 shares, respectively.
8x8, Inc. Stock Down 11.1%
Shares of EGHT traded around $1.77 recently. The stock has seen varied institutional activity, reflecting differing views on its future prospects.
Insider Buying and Selling at 8x8, Inc.
In addition to Laurence Denny's sale, other EGHT executives also sold shares on June 15, 2026. Kevin Kraus, the Chief Financial Officer, sold 17,854 shares at $1.77 each. Hunter Middleton, Chief Product Officer, sold 16,112 shares, and Samuel Wilson, the CEO, sold 40,068 shares at the same price.
Analysts Set New Price Targets
On May 20, 2026, Rosenblatt maintained its "buy" rating on EGHT, setting a price target of $3.00. This reflects a positive outlook on the company's potential, despite recent insider sales. The consensus among analysts remains optimistic, with a general recommendation to buy.
Bottom Line
Laurence Denny's recent sale of EGHT shares highlights ongoing insider activity within the company. Investors often track such transactions for insights into executive sentiment. Meanwhile, institutional investors are making varied moves, with some increasing and others decreasing their stakes. Analysts continue to express confidence in EGHT's prospects, as seen in the maintained "buy" ratings and price targets.
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