1 day Ago By ABMN Staff
Renaissance Technologies LLC lifted its position in 8×8, Inc. ( NASDAQ:EGHT – Free Report ) by 1,101.0% during the 4th quarter, according to the company in its most recent filing with the SEC.
The fund owned 440,777 shares of the company’s stock after purchasing an additional 404,077 shares during the quarter. Renaissance Technologies LLC’s holdings in 8X8 were worth $1,177,000 at the end of the most recent reporting period. Other large investors have also made changes to their positions in the company.
Cerity Partners LLC grew its stake in 8X8 by 11.8% during the fourth quarter. Cerity Partners LLC now owns 28,239 shares of the company’s stock worth $73,000 after buying an additional 2,983 shares during the last quarter.
Federated Hermes Inc. grew its position in 8X8 by 1.5% during the 4th quarter.
Federated Hermes Inc. now owns 623,453 shares of the company’s stock worth $1,665,000 after acquiring an additional 9,114 shares during the last quarter. Wells Fargo & Company MN increased its holdings in 8X8 by 45.
5% during the 4th quarter. Wells Fargo & Company MN now owns 65,137 shares of the company’s stock valued at $174,000 after purchasing an additional 20,371 shares in the last quarter. Integrated Quantitative Investments LLC bought a new position in 8X8 in the 4th quarter valued at $272,000.
Finally, Geode Capital Management LLC boosted its stake in 8X8 by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,024,322 shares of the company’s stock worth $8,077,000 after purchasing an additional 41,929 shares in the last quarter.
Institutional investors own 93.99% of the company’s stock. Insider Activity at 8X8 In related news, insider Laurence Denny sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 11th.
The shares were sold at an average price of $3.00, for a total value of $30,000.00.
Following the completion of the transaction, the insider now owns 233,791 shares of the company’s stock, valued at approximately $701,373. This trade represents a 4.10 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, major shareholder Sylebra Capital Llc sold 101,678 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $2.
23, for a total value of $226,741.94. Following the transaction, the insider now directly owns 14,085,649 shares of the company’s stock, valued at $31,410,997.
27. This trade represents a 0.72 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . In the last quarter, insiders have sold 263,678 shares of company stock valued at $590,602. 1.
22% of the stock is owned by insiders. Wall Street Analyst Weigh In Read Our Latest Stock Analysis on 8X8 8X8 Stock Performance Shares of EGHT stock opened at $1.81 on Wednesday.
The company has a market capitalization of $238.37 million, a P/E ratio of -5.03, a price-to-earnings-growth ratio of 6.
08 and a beta of 1.81. 8×8, Inc.
has a 52 week low of $1.51 and a 52 week high of $3.52.
The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.24 and a current ratio of 1.
25. The company’s 50 day moving average price is $2.03 and its two-hundred day moving average price is $2.
49. 8X8 ( NASDAQ:EGHT – Get Free Report ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.
04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03.
8X8 had a negative net margin of 6.33% and a negative return on equity of 1.45%.
On average, analysts expect that 8×8, Inc. will post 0.04 earnings per share for the current fiscal year.
8X8 Profile ( Free Report ) 8×8, Inc engages in the provision of enterprise communication solutions. It offers solutions to the business services, education, financial services, government, healthcare, and manufacturing industries. The company was founded in February 1987 and is headquartered in Campbell, CA.
See Also Want to see what other hedge funds are holding EGHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for 8×8, Inc. ( NASDAQ:EGHT – Free Report ).
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