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 ($384.2k this quarter). Holder counts are more reliable. Shares outstanding: 122.2m as of 2023-10-23, 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 ≈ $2.52. Options: 6 managers hold calls ($440.9k notional), 4 hold puts ($1.7m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 204 |
| Q4 2022 | 214 |
| Q1 2023 | 222 |
| Q2 2023 | 190 |
| Q3 2023 | 173 |
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 |
| Q2 2023 | 86 | 124 |
| Q3 2023 | 76 | 113 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $2.4m | $5.6m | 2.32 |
| Q1 2023 | $722.4k | $3.0m | 4.15 |
| Q2 2023 | $1.1m | $2.9m | 2.71 |
| Q3 2023 | $440.9k | $1.7m | 3.83 |
Biggest buyers
| Bank of New York Mellon Corp | Added | +2.0m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.9m |
| CANADA LIFE ASSURANCE Co | Added | +1.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +1.0m |
| Impax Asset Management Group plc | Added | +848.2k |
| JANE STREET GROUP, LLC | Added | +804.2k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +801.7k |
| Cubist Systematic Strategies, LLC | Added | +719.7k |
| TWO SIGMA ADVISERS, LP | Added | +698.5k |
| JPMORGAN CHASE & CO | Added | +651.2k |
Biggest sellers
| BlackRock Inc. | Reduced | -10.1m |
| VANGUARD GROUP INC | Reduced | -4.1m |
| STATE STREET CORP | Reduced | -1.3m |
| MORGAN STANLEY | Reduced | -1.2m |
| Fisher Asset Management, LLC | Sold out | -809.1k |
| Allspring Global Investments Holdings, LLC | Reduced | -747.5k |
| Alyeska Investment Group, L.P. | Sold out | -711.2k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -618.0k |
| NEEDHAM INVESTMENT MANAGEMENT LLC | Reduced | -600.0k |
| DEUTSCHE BANK AG\ | Reduced | -578.8k |
Biggest calls
| SIMPLEX TRADING, LLC | Reduced | $112.0k44.8k shares |
| GROUP ONE TRADING LLC | Reduced | $95.0k37.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $87.7k34.8k shares |
| CITADEL ADVISORS LLC | Added | $87.4k34.7k shares |
| Walleye Trading LLC | Unchanged | $58.7k23.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Parallax Volatility Advisers, L.P. | Unchanged | $1.5m605.0k shares |
| CITADEL ADVISORS LLC | Reduced | $77.9k30.9k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $55.9k22.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $32.0k12.7k 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), BANK OF AMERICA CORP /DE/ (4.3%, 2025-11-14)
Insider purchases and sales in Q3 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2023 | 0 | — | 4 | $583.5k | $30.7k |
| Q3 2023 | 0 | — | 6 | $379.4k | $153.0k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-09-19 | Denny Laurence Chief Legal Officer | Sold plan | $447178 shares |
| 2023-09-18 | Middleton Hunter Chief Product Officer | Sold | $21.8k8.7k shares |
| 2023-09-18 | Kraus Kevin Chief Financial Officer | Sold | $14.3k5.7k shares |
| 2023-09-18 | Denny Laurence Chief Legal Officer | Sold plan | $3.9k1.6k shares |
| 2023-09-15 | Wilson Samuel C. Chief Executive Officer | Sold plan | $125.6k50.0k shares |
| 2023-08-16 | Middleton Hunter Chief Product Officer | Sold | $1.4k415 shares |
| 2023-08-16 | Kraus Kevin Chief Financial Officer | Sold | $1.4k404 shares |
| 2023-08-15 | Wilson Samuel C. Chief Executive Officer | Sold plan | $7.1k2.0k shares |
| 2023-08-07 | Denny Laurence Chief Legal Officer | Sold plan | $6.9k1.5k shares |
| 2023-07-31 | Theophille Elizabeth Harriet Director | Sold | $52.3k11.6k shares |
| 2023-07-17 | Seandel Suzy M Chief Accounting Officer | Sold | $127.6k28.4k shares |
| 2023-07-17 | Wilson Samuel C. Chief Executive Officer | Sold plan | $9.0k2.0k shares |
| 2023-07-17 | Denny Laurence Chief Legal Officer | Sold | $2.8k613 shares |
| 2023-07-17 | Middleton Hunter Chief Product Officer | Sold | $2.6k589 shares |
| 2023-07-17 | Kraus Kevin Chief Financial Officer | Sold | $2.1k478 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| Sylebra Capital Ltd 1.93% of their portfolio | 14.4m $36.3m | Unchanged |
| SYLEBRA CAPITAL LLC 1.93% of their portfolio | 14.4m $36.3m | First filing |
| ArrowMark Colorado Holdings LLC 0.42% of their portfolio | 13.6m $34.2m | Added +562.9k |
| BlackRock Inc. 0.00% of their portfolio | 11.1m $28.1m | Reduced -10.1m |
| VANGUARD GROUP INC 0.00% of their portfolio | 10.6m $26.7m | Reduced -4.1m |
| STATE STREET CORP 0.00% of their portfolio | 4.4m $11.1m | Reduced -1.3m |
| Impax Asset Management Group plc 0.04% of their portfolio | 3.3m $8.4m | Added +848.2k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 3.0m $7.6m | Added +582.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 3.0m $7.5m | Added +2.0m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio | 2.8m $7.1m | Reduced -469 |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 2.4m $6.2m | Added +15.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.4m $6.1m | Added +152.1k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 2.2m $5.4m | Added +1.9m |
| 272 Capital LP 1.57% of their portfolio | 1.6m $3.9m | Added +294.2k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 1.5m $3.7m | Added +1.4m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.4m $3.5m | Added +651.2k |
| S SQUARED TECHNOLOGY, LLC 1.85% of their portfolio | 1.4m $3.4m | Added +130.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.2m $3.1m | Added +266.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $2.9m | Reduced -87.0k |
| Invenomic Capital Management LP 0.12% of their portfolio | 1.1m $2.7m | Added +158.8k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 1.1m $2.7m | Added +493.5k |
| MORGAN STANLEY 0.00% of their portfolio | 1.1m $2.7m | Reduced -1.2m |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 1.1m $2.7m | Added +719.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 1.0m $2.6m | New |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.0m $2.5m | Added +126.8k |
| ExodusPoint Capital Management, LP 0.03% of their portfolio | 1.0m $2.5m | Reduced -376.0k |
| Crestline Management, L.P. 0.30% of their portfolio | 998.4k $2.5m | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 951.6k $2.4m | Added +804.2k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 931.0k $2.3m | Added +801.7k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 907.0k $2.3m | Added +613 |
| FMR LLC 0.00% of their portfolio | 843.2k $2.1m | Added +247.0k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio | 789.4k $2.0m | Added +31.4k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 784.8k $2.0m | Added +698.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 723.2k $1.8m | Added +241.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 712.4k $1.8m | Added +410.8k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 644.1k $1.6m | Reduced -59.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 607.3k $1.5m | Added +376.7k |
| GLOBEFLEX CAPITAL L P 0.18% of their portfolio | 606.7k $1.5m | Reduced -31.8k |
| Squarepoint Ops LLC 0.01% of their portfolio | 568.3k $1.4m | Added +546.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 537.9k $1.4m | Added +159.1k |
| COOPER CREEK PARTNERS MANAGEMENT LLC 0.08% of their portfolio | 515.6k $1.3m | Unchanged |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 464.6k $1.2m | Added +341.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 431.8k $1.1m | Reduced -203.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 426.4k $1.1m | Reduced -41.9k |
| Deer Management Co. LLC 0.13% of their portfolio | 412.9k $1.0m | Unchanged |
| NEEDHAM INVESTMENT MANAGEMENT LLC 0.17% of their portfolio | 400.0k $1.0m | Reduced -600.0k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 382.9k $964.9k | New |
| Mayflower Financial Advisors, LLC 0.14% of their portfolio | 380.7k $959.4k | Reduced -2.0k |
| UBS Group AG 0.00% of their portfolio | 380.7k $959.3k | Added +258.9k |
| JUPITER ASSET MANAGEMENT LTD 0.01% of their portfolio | 326.2k $822.1k | Added +21.8k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 316.3k $797.1k | Added +3.1k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 301.1k $758.8k | Reduced -287 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 294.9k $743.3k | Reduced -400.1k |
| HRT FINANCIAL LP 0.01% of their portfolio | 281.2k $708.0k | New |
| Parallax Volatility Advisers, L.P. 0.02% of their portfolio | 250.1k $630.2k | Added +20 |
| BARCLAYS PLC 0.00% of their portfolio | 247.3k $623.2k | Reduced -45.3k |
| M&T Bank Corp 0.00% of their portfolio | 230.3k $580.1k | Added +49.2k |
| Swiss National Bank 0.00% of their portfolio | 217.5k $548.1k | Reduced -28.7k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 216.4k $924.1k | Added +9.8k |
| PERKINS CAPITAL MANAGEMENT INC 0.53% of their portfolio | 211.5k $533.0k | Unchanged |
| Weiss Multi-Strategy Advisers LLC 0.01% of their portfolio | 197.8k $498.0k | New |
| Boston Partners 0.00% of their portfolio | 190.4k $479.8k | Added +96.0k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.01% of their portfolio | 175.9k $443.3k | Unchanged |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 162.6k $409.0k | Reduced -108.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 160.4k $404.3k | Added +106.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 156.1k $393.4k | Reduced -191.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 145.9k $367.6k | Reduced -25.5k |
| Invesco Ltd. 0.00% of their portfolio | 145.9k $367.6k | Reduced -522.5k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.05% of their portfolio | 141.4k $356.3k | Added +25.8k |
| SHELL ASSET MANAGEMENT CO 0.01% of their portfolio | 124.7k $314.0k | Added +66.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 122.3k $308.0k | Reduced -14.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 121.8k $307.0k | Added +11.3k |
| Factorial Partners, LLC 0.22% of their portfolio | 119.0k $299.9k | Added +18.0k |
| XTX Topco Ltd 0.05% of their portfolio | 118.9k $299.6k | Added +21.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 113.1k $285.0k | Reduced -24.0k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 107.9k $271.8k | Added +105.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 105.1k $264.9k | Reduced -10.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 100.8k $258.5k | Reduced -5.9k |
| LPL Financial LLC 0.00% of their portfolio | 100.2k $252.6k | Added +80.7k |
| Legal & General Group Plc 0.00% of their portfolio | 100.1k $252.2k | Reduced -217.2k |
| BUCKINGHAM STRATEGIC WEALTH, LLC 0.00% of their portfolio | 100.0k $252.0k | Unchanged |
| Engineers Gate Manager LP 0.01% of their portfolio | 91.2k $229.8k | Added +24.4k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.00% of their portfolio | 88.2k $222.3k | Added +10.8k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 78.6k $198.2k | Reduced -2.4k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 69.2k $174.3k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 68.6k $172.9k | Reduced -578.8k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 63.1k $155.8k | Added +16.9k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 58.9k $148.4k | Unchanged |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 58.2k $146.6k | Reduced -2.6k |
| Vident Advisory, LLC 0.00% of their portfolio | 55.7k $140.5k | First filing |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 55.0k $138.7k | Reduced -747.5k |
| State of Wyoming 0.03% of their portfolio | 54.7k $137.8k | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 53.8k $135.6k | Reduced -45.7k |
| SUMMIT PARTNERS L P 0.00% of their portfolio | 52.9k $133.4k | Unchanged |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 51.6k $130.0k | Reduced -207.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 50.6k $127.5k | Reduced -618.0k |
| Graham Capital Management, L.P. 0.00% of their portfolio | 47.6k $120.1k | Added +35.3k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 47.1k $118.7k | Reduced -7.3k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 47.0k $118.2k | Added +46 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 46.0k $115.9k | Added +82 |