EGHT CEO Samuel Wilson Sells Over 40,000 Shares
Samuel Wilson, CEO of EGHT, sold 40,068 shares valued at $70,920.36.
Key Points
- EGHT CEO Samuel Wilson sold 40,068 shares on June 15, 2026, at $1.77 each, totaling $70,920.36.
- Shares of EGHT trade around $1.77 with significant institutional holdings by BlackRock and Vanguard.
- Analysts like Rosenblatt maintain a 'buy' rating with a target of $3.00, showing confidence in EGHT's potential.
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Samuel Wilson, the CEO of EGHT, sold a significant portion of his shares in the company. On June 15, 2026, Wilson sold 40,068 shares at a price of $1.77 each, bringing the total transaction value to $70,920.36. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at 8x8, Inc.
Several key executives at EGHT were involved in selling shares on June 15, 2026. Alongside CEO Samuel Wilson, Chief Financial Officer Kevin Kraus sold 17,854 shares, Chief Product Officer Hunter Middleton sold 16,112 shares, and Chief Legal Officer Laurence Denny sold 7,747 shares, all at the same price of $1.77 per share. These sales were not part of any planned trading schemes.
Other Institutional Activity in EGHT
Institutional investors have also been active in EGHT. BlackRock, Inc. increased its holdings by 671,375 shares, ending with 11,936,552 shares valued at approximately $19.81 million. Conversely, Sylebra Capital LLC reduced its position by 2,589,874 shares, now holding 8,908,503 shares worth about $14.79 million. Vanguard Portfolio Management LLC made a new entry with 7,138,214 shares valued at around $11.85 million.
8x8, Inc. Stock Down 11.1%
Shares of EGHT are trading near $1.77. The stock has seen varied institutional interest, with major players like BlackRock and Vanguard holding substantial positions. Despite insider selling, analysts continue to maintain positive ratings.
Analysts Set New Price Targets
Analysts remain optimistic about EGHT's prospects. On May 20, 2026, Rosenblatt maintained its 'buy' rating and set a price target of $3.00. This shows continued confidence in EGHT's potential despite recent insider sales.
Bottom Line
The recent insider sales at EGHT, including those by CEO Samuel Wilson, are noteworthy but not uncommon. While insiders have offloaded shares, institutional investors like BlackRock have increased their positions, reflecting diverse perspectives on EGHT's future. Analysts like Rosenblatt maintain a positive outlook, suggesting confidence in the company's growth potential. As always, 13F filings and insider transactions provide a snapshot of past actions and may not reflect current positions.
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