8X8 INC NEW EGHT
COM · Common Stock · CUSIP 282914100
American provider of Voice over IP products
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($3.1m this quarter). Holder counts are more reliable. Shares outstanding: 113.0m as of 2023-01-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $4.18. Options: 7 managers hold calls ($722.4k notional), 4 hold puts ($3.0m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 204 |
| Q4 2022 | 214 |
| Q1 2023 | 222 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 104 | 109 |
| Q1 2023 | 106 | 108 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $1.9m | $4.7m | 2.49 |
| Q4 2022 | $2.4m | $5.6m | 2.32 |
| Q1 2023 | $722.4k | $3.0m | 4.15 |
Biggest buyers
| Impax Asset Management Group plc | New | +1.8m |
| CITADEL ADVISORS LLC | Added | +1.7m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.1m |
| Point72 Asset Management, L.P. | New | +585.7k |
| GOLDMAN SACHS GROUP INC | Added | +574.7k |
| Cubist Systematic Strategies, LLC | Added | +521.3k |
| DEUTSCHE BANK AG\ | Added | +473.3k |
| FMR LLC | Added | +468.0k |
| Qube Research & Technologies Ltd | New | +354.6k |
| GSA CAPITAL PARTNERS LLP | New | +313.3k |
Biggest sellers
| VANGUARD GROUP INC | Reduced | -2.0m |
| Weiss Multi-Strategy Advisers LLC | Sold out | -800.0k |
| Nishkama Capital, LLC | Sold out | -798.9k |
| NORGES BANK | Reduced | -796.1k |
| ArrowMark Colorado Holdings LLC | Reduced | -765.9k |
| Technology Crossover Management VIII, Ltd. | Sold out | -690.1k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -594.8k |
| Deer Management Co. LLC | Sold out | -409.2k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -347.7k |
| BlackRock Inc. | Reduced | -310.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $213.1k51.1k shares |
| Walleye Trading LLC | Reduced | $142.2k34.1k shares |
| CITADEL ADVISORS LLC | Reduced | $140.5k33.7k shares |
| GROUP ONE TRADING LLC | Reduced | $114.7k27.5k shares |
| SIMPLEX TRADING, LLC | Added | $69.0k16.6k shares |
| JANE STREET GROUP, LLC | Reduced | $43.0k10.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Parallax Volatility Advisers, L.P. | Reduced | $2.5m605.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $264.0k63.3k shares |
| CITADEL ADVISORS LLC | Reduced | $120.9k29.0k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | $92.6k22.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 7.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-27 | 5.4% |
Fell to 5% or below in the last year: Boston Partners (4.8%, 2026-05-14), SYLEBRA CAPITAL LLC (4.8%, 2026-04-16), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 6 | $2.3m | — |
| Q1 2022 | 0 | — | 7 | — | — |
| Q2 2022 | 0 | — | 4 | $913.8k | — |
| Q3 2022 | 0 | — | 5 | $436.8k | — |
| Q4 2022 | 0 | — | 6 | $494.9k | — |
| Q1 2023 | 0 | — | 4 | $282.4k | $19.0k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-27 | Denny Laurence Chief Legal Officer | Sold plan | $19.0k4.8k shares |
| 2023-03-17 | Wilson Samuel C. Interim Chief Executive Off. | Sold | $9.4k2.0k shares |
| 2023-03-16 | Wilson Samuel C. Interim Chief Executive Off. | Sold | $167.6k34.7k shares |
| 2023-03-16 | Kraus Kevin Interim Chief Financial Off. | Sold | $30.5k6.3k shares |
| 2023-03-16 | Middleton Hunter Chief Product Officer | Sold | $4.4k910 shares |
| 2023-03-16 | Denny Laurence Chief Legal Officer | Sold | $2.7k553 shares |
| 2023-02-17 | Wilson Samuel C. Interim Chief Executive Off. | Sold | $11.9k2.0k shares |
| 2023-02-16 | Kraus Kevin Interim Chief Financial Off. | Sold | $9.8k1.6k shares |
| 2023-02-16 | Middleton Hunter Chief Product Officer | Sold | $3.0k496 shares |
| 2023-01-17 | Wilson Samuel C. Interim Chief Executive Off. | Sold | $9.2k2.0k shares |
| 2023-01-17 | Kraus Kevin Interim Chief Financial Off. | Sold | $8.4k1.8k shares |
| 2023-01-17 | Denny Laurence Chief Legal Officer | Sold | $3.3k717 shares |
| 2023-01-17 | Middleton Hunter Chief Product Officer | Sold | $3.2k694 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.00% of their portfolio | 19.7m $82.0m | Reduced -310.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 16.1m $67.1m | Reduced -2.0m |
| Sylebra Capital Ltd 2.67% of their portfolio | 14.4m $60.0m | Added +61.1k |
| ArrowMark Colorado Holdings LLC 0.57% of their portfolio | 12.0m $50.1m | Reduced -765.9k |
| STATE STREET CORP 0.00% of their portfolio | 4.8m $20.2m | Added +183.7k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 3.3m $13.8m | Added +1.7m |
| MORGAN STANLEY 0.00% of their portfolio | 2.9m $12.1m | Added +64.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.07% of their portfolio | 2.9m $12.1m | Reduced -40.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 2.6m $10.6m | Added +1.1m |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 2.4m $10.0m | Added +191.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.2m $9.0m | Added +73.7k |
| Impax Asset Management Group plc 0.03% of their portfolio | 1.8m $7.5m | New |
| NEEDHAM INVESTMENT MANAGEMENT LLC 1.15% of their portfolio | 1.6m $6.7m | Unchanged |
| ExodusPoint Capital Management, LP 0.06% of their portfolio | 1.2m $5.1m | Added +14.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $5.1m | Reduced -5.4k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 1.2m $5.0m | Reduced -190.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.2m $4.9m | Added +574.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.0m $4.3m | Reduced -31.7k |
| Crestline Management, L.P. 0.52% of their portfolio | 1.0m $4.3m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 966.9k $4.0m | Added +3.1k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 867.0k $3.6m | Reduced -28.5k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 796.2k $3.3m | Reduced -34.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 773.4k $3.2m | Added +215.7k |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 718.9k $3.0m | Added +521.3k |
| Archon Capital Management LLC 1.06% of their portfolio | 715.4k $3.0m | Added +31.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 707.2k $2.9m | Reduced -12.3k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 683.9k $2.9m | Added +286.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 678.0k $2.8m | Added +473.3k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 658.1k $2.7m | Reduced -216.9k |
| Invesco Ltd. 0.00% of their portfolio | 624.7k $2.6m | Added +44.6k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 585.7k $2.4m | New |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 577.2k $2.4m | Added +230.3k |
| GLOBEFLEX CAPITAL L P 0.28% of their portfolio | 558.3k $2.3m | Added +78.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 540.5k $2.3m | Added +281.9k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.01% of their portfolio | 536.7k $2.2m | Reduced -470 |
| COOPER CREEK PARTNERS MANAGEMENT LLC 0.15% of their portfolio | 515.6k $2.1m | Unchanged |
| FMR LLC 0.00% of their portfolio | 476.4k $2.0m | Added +468.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 454.2k $1.9m | Reduced -594.8k |
| S SQUARED TECHNOLOGY, LLC 0.97% of their portfolio | 393.6k $1.6m | Added +122.2k |
| Mayflower Financial Advisors, LLC 0.21% of their portfolio | 381.7k $1.6m | Reduced -5.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 373.4k $1.6m | Added +87.5k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 354.6k $1.5m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 342.1k $1.4m | Added +15.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 315.7k $1.3m | Reduced -16.7k |
| GSA CAPITAL PARTNERS LLP 0.13% of their portfolio | 313.3k $1.3m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 308.3k $1.3m | Added +31.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 307.1k $1.3m | Added +288.2k |
| JUPITER ASSET MANAGEMENT LTD 0.02% of their portfolio | 304.5k $1.3m | New |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 282.6k $1.2m | Reduced -2.5k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 282.4k $1.2m | Reduced -37.4k |
| Legal & General Group Plc 0.00% of their portfolio | 277.4k $1.2m | Reduced -65.2k |
| UBS Group AG 0.00% of their portfolio | 275.9k $1.2m | Added +236.1k |
| Swiss National Bank 0.00% of their portfolio | 216.9k $904.5k | Reduced -43.8k |
| PERKINS CAPITAL MANAGEMENT INC 0.83% of their portfolio | 211.5k $882.0k | Added +3.0k |
| Dynamic Technology Lab Private Ltd 0.08% of their portfolio | 209.6k $874.0k | Added +168.2k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 209.4k $873.1k | Reduced -3.7k |
| NORGES BANK 0.00% of their portfolio | 202.6k $844.9k | Reduced -796.1k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 198.8k $829.1k | Reduced -4.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 195.4k $814.9k | Added +172.7k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 191.8k $799.9k | Added +10.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 179.1k $746.7k | Reduced -20.9k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.01% of their portfolio | 175.9k $733.5k | Unchanged |
| SUMMIT PARTNERS L P 0.05% of their portfolio | 172.0k $717.1k | Reduced -24 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 171.4k $712.9k | Reduced -8.9k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 169.4k $706.6k | Added +17.7k |
| Jump Financial, LLC 0.03% of their portfolio | 164.0k $684.1k | Added +131.7k |
| Engineers Gate Manager LP 0.03% of their portfolio | 163.7k $682.8k | Added +77.2k |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 161.7k $674.4k | Reduced -58.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 159.4k $665.0k | Reduced -2.2k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.02% of their portfolio | 155.7k $649.5k | Unchanged |
| XTX Topco Ltd 0.14% of their portfolio | 154.6k $644.6k | New |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 149.8k $624.6k | Added +138.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 146.2k $611.0k | Added +29.9k |
| M&T Bank Corp 0.00% of their portfolio | 144.6k $603.1k | Reduced -33.1k |
| Wakefield Asset Management LLLP 0.25% of their portfolio | 143.4k $597.8k | New |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 132.4k $551.9k | Added +31.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 130.2k $542.9k | Reduced -8.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 128.6k $536.1k | Reduced -347.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 121.6k $507.3k | Added +34.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 121.1k $505.0k | Reduced -45.8k |
| Trexquant Investment LP 0.01% of their portfolio | 120.4k $502.1k | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 120.1k $500.7k | Added +31.1k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 119.7k $499.1k | Added +167 |
| Numerai GP LLC 0.16% of their portfolio | 112.5k $469.3k | New |
| PANAGORA ASSET MANAGEMENT INC 0.00% of their portfolio | 110.6k $461.0k | Reduced -118.5k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 110.0k $458.7k | Reduced -2.8k |
| SHELL ASSET MANAGEMENT CO 0.02% of their portfolio | 108.9k $454.0k | Added +40.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 108.7k $454.0k | Reduced -9.9k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 108.4k $451.0k | Reduced -5.2k |
| BUCKINGHAM STRATEGIC WEALTH, LLC 0.01% of their portfolio | 101.5k $438.7k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 100.9k $420.7k | Reduced -6.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 100.6k $411.5k | Reduced -40.4k |
| TEXAS PERMANENT SCHOOL FUND CORP 0.00% of their portfolio | 100.5k $418.9k | Added +26.0k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 99.4k $414.6k | Added +88.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 99.0k $412.0k | Added +45.8k |
| BARCLAYS PLC 0.00% of their portfolio | 87.5k $364.7k | Added +13.3k |
| Versor Investments LP 0.05% of their portfolio | 85.9k $358.2k | Added +42.7k |
| Y-Intercept (Hong Kong) Ltd 0.04% of their portfolio | 85.6k $357.0k | Added +69.2k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 84.7k $353.2k | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 83.1k $346.5k | New |