8×8 Inc /de/ (EGHT): Bryan R Martin , Chief Technology Officer of 8×8 Inc /de/ sold 43,142 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $12.45 per share for a total value of $537,117.88 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 16, 2016, Bryan R Martin (Chief Technology Officer) sold 56,758 shares at $10.81 per share price.On Jul 28, 2015, Vikram Verma (CEO) purchased 12,300 shares at $8.09 per share price.
Shares of 8×8 (EGHT) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.31 points or -2.44% at $12.39 with 7,68,645 shares getting traded. Post opening the session at $12.71, the shares hit an intraday low of $12.34 and an intraday high of $12.85 and the price vacillated in this range throughout the day. The company has a market cap of $1,096 M and the number of outstanding shares has been calculated to be 8,84,56,638 shares. The 52-week high of 8×8 is $13.65 and the 52-week low is $7.35.
Company has been under the radar of several Street Analysts.8×8 is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 15 from a previous price target of $14 .The Rating was issued on May 20, 2016.
8×8 Inc. (8×8) offers Software as a Service (SaaS) communication solution. The Company is engaged in business cloud communications and development and use of Internet protocol voice video and data communication technologies in a true SaaS model. The 8×8 unified cloud communications solution addresses the shortcomings of legacy and point solution cloud services through its pure cloud Software as a Service offering. The Company’s Infrastructure Manager abstracts complex global interconnectivity between Voice over Internet Protocol (VoIP) and traditional public switched telephone network (PSTN) providing customers with a phone system that can reach any phone in the world whether wireless or wireline. Its Integration Manager integrates with third-party applications including Salesforce.com Microsoft Dynamics NetSuite Zendesk and many others to provide integrated applications functionality within its communications and collaboration services.