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 ($3.0k this quarter). Holder counts are more reliable. Shares outstanding: 123.4m as of 2024-01-24, 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 ≈ $3.78. Options: 7 managers hold calls ($559.8k notional), 5 hold puts ($3.6m).
Trends to Q4 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 |
| Q4 2023 | 164 |
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 |
| Q4 2023 | 82 | 97 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $722.4k | $3.0m | 4.15 |
| Q2 2023 | $1.1m | $2.9m | 2.71 |
| Q3 2023 | $440.9k | $1.7m | 3.83 |
| Q4 2023 | $559.8k | $3.6m | 6.51 |
Biggest buyers
| MORGAN STANLEY | Added | +3.3m |
| Kent Lake Capital LLC | New | +2.8m |
| Russell Investments Group, Ltd. | Added | +1.6m |
| DEUTSCHE BANK AG\ | Added | +1.3m |
| Invenomic Capital Management LP | Added | +990.4k |
| MARSHALL WACE, LLP | New | +926.2k |
| ACADIAN ASSET MANAGEMENT LLC | New | +678.0k |
| DIMENSIONAL FUND ADVISORS LP | Added | +631.8k |
| ESSEX INVESTMENT MANAGEMENT CO LLC | New | +561.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +560.1k |
Biggest sellers
| JACOBS LEVY EQUITY MANAGEMENT, INC | Reduced | -1.9m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.4m |
| ExodusPoint Capital Management, LP | Reduced | -905.3k |
| D. E. Shaw & Co., Inc. | Reduced | -743.8k |
| Cubist Systematic Strategies, LLC | Reduced | -673.6k |
| Squarepoint Ops LLC | Reduced | -446.6k |
| Deer Management Co. LLC | Sold out | -412.9k |
| NEEDHAM INVESTMENT MANAGEMENT LLC | Sold out | -400.0k |
| JUPITER ASSET MANAGEMENT LTD | Sold out | -326.2k |
| JANE STREET GROUP, LLC | Reduced | -288.9k |
Biggest calls
| SIMPLEX TRADING, LLC | Reduced | $158.0k42.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $147.0k38.9k shares |
| CITADEL ADVISORS LLC | Reduced | $123.6k32.7k shares |
| Walleye Trading LLC | Added | $88.5k23.4k shares |
| GROUP ONE TRADING LLC | Reduced | $42.3k11.2k shares |
| Perigon Wealth Management, LLC | New | $34325.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Parallax Volatility Advisers, L.P. | Unchanged | $2.3m605.0k shares |
| Crawford Fund Management, LLC | First filing | $1.1m278.7k shares |
| CITADEL ADVISORS LLC | Added | $126.3k33.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $93.7k24.8k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $83.9k22.2k 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), BANK OF AMERICA CORP /DE/ (4.3%, 2025-11-14)
Insider purchases and sales in Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2023 | 0 | — | 5 | $301.9k | $206.7k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-12-18 | Wilson Samuel C. Chief Executive Officer | Sold plan | $165.3k46.8k shares |
| 2023-12-18 | Middleton Hunter Chief Product Officer | Sold | $29.9k8.5k shares |
| 2023-12-18 | Denny Laurence Chief Legal Officer | Sold | $25.6k7.2k shares |
| 2023-12-18 | Kraus Kevin Chief Financial Officer | Sold | $19.7k5.6k shares |
| 2023-12-15 | Wilson Samuel C. Chief Executive Officer | Sold plan | $7.6k2.0k shares |
| 2023-12-12 | Kraus Kevin Chief Financial Officer | Sold plan | $3.6k1.0k shares |
| 2023-12-06 | Denny Laurence Chief Legal Officer | Sold plan | $19.1k5.8k shares |
| 2023-11-16 | Middleton Hunter Chief Product Officer | Sold | $1.3k424 shares |
| 2023-11-16 | Kraus Kevin Chief Financial Officer | Sold | $1.2k412 shares |
| 2023-11-15 | Wilson Samuel C. Chief Executive Officer | Sold plan | $6.2k2.0k shares |
| 2023-10-16 | Seandel Suzy M Chief Accounting Officer | Sold | $17.6k7.1k shares |
| 2023-10-16 | Wilson Samuel C. Chief Executive Officer | Sold plan | $4.8k2.0k 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, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| SYLEBRA CAPITAL LLC 2.06% of their portfolio | 14.4m $54.4m | Unchanged |
| ArrowMark Colorado Holdings LLC 0.58% of their portfolio | 13.8m $52.1m | Added +228.9k |
| BlackRock Inc. 0.00% of their portfolio | 11.4m $43.0m | Added +219.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 10.9m $41.2m | Added +282.2k |
| STATE STREET CORP 0.00% of their portfolio | 4.8m $18.3m | Added +435.5k |
| MORGAN STANLEY 0.00% of their portfolio | 4.4m $16.6m | Added +3.3m |
| Impax Asset Management Group plc 0.05% of their portfolio | 3.3m $12.6m | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 2.9m $11.1m | Reduced -38.2k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 2.8m $10.6m | Reduced -216.7k |
| Kent Lake Capital LLC 4.01% of their portfolio | 2.8m $10.4m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.6m $9.8m | Added +185.4k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 2.3m $8.8m | Added +1.6m |
| Invenomic Capital Management LP 0.42% of their portfolio | 2.1m $7.9m | Added +990.4k |
| 272 Capital LP 2.35% of their portfolio | 1.9m $7.0m | Added +346.1k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.7m $6.4m | Reduced -743.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 1.6m $6.0m | Added +560.1k |
| S SQUARED TECHNOLOGY, LLC 2.84% of their portfolio | 1.5m $5.8m | Added +188.0k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 1.4m $5.4m | Reduced -65.7k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 1.4m $5.3m | Added +337.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 1.4m $5.3m | Added +1.3m |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 1.3m $5.1m | Added +553.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 1.2m $4.7m | Added +309.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.2m $4.7m | Reduced -2.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.1m $4.3m | Reduced -227.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.1m $4.0m | Added +631.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $3.9m | Reduced -141.2k |
| Crestline Management, L.P. 0.35% of their portfolio | 998.4k $3.8m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 970.9k $3.7m | Reduced -32.0k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.13% of their portfolio | 959.0k $3.6m | Added +169.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 936.1k $3.5m | Reduced -1.9m |
| MARSHALL WACE, LLP 0.01% of their portfolio | 926.2k $3.5m | New |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 862.2k $3.3m | Reduced -44.8k |
| FMR LLC 0.00% of their portfolio | 825.7k $3.1m | Reduced -17.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 728.3k $2.8m | Reduced -1.4m |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 719.2k $2.7m | Added +111.9k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 678.0k $2.6m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 662.8k $2.5m | Reduced -288.9k |
| Boston Partners 0.00% of their portfolio | 649.5k $2.5m | Added +459.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 649.1k $2.5m | Added +5.0k |
| GLOBEFLEX CAPITAL L P 0.23% of their portfolio | 607.1k $2.3m | Added +372 |
| UBS Group AG 0.00% of their portfolio | 601.3k $2.3m | Added +220.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 572.6k $2.2m | Reduced -139.9k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.42% of their portfolio | 561.7k $2.1m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 522.9k $2.0m | Reduced -15.0k |
| COOPER CREEK PARTNERS MANAGEMENT LLC 0.10% of their portfolio | 515.6k $1.9m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 494.6k $1.9m | Added +456.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 487.7k $1.8m | Added +23.1k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 382.7k $1.4m | Reduced -673.6k |
| Mayflower Financial Advisors, LLC 0.20% of their portfolio | 380.7k $1.4m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 314.6k $1.2m | Reduced -117.3k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 304.8k $1.2m | Reduced -11.5k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 303.5k $1.1m | Added +2.4k |
| M&T Bank Corp 0.00% of their portfolio | 272.3k $1.0m | Added +42.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 258.8k $978.3k | Reduced -36.1k |
| Parallax Volatility Advisers, L.P. 0.03% of their portfolio | 250.1k $945.2k | Reduced -28 |
| ZACKS INVESTMENT MANAGEMENT 0.01% of their portfolio | 228.4k $863.2k | New |
| Legato Capital Management LLC 0.11% of their portfolio | 226.2k $854.9k | New |
| PERKINS CAPITAL MANAGEMENT INC 0.69% of their portfolio | 214.0k $809.0k | Added +2.5k |
| BARCLAYS PLC 0.00% of their portfolio | 197.9k $748.2k | Reduced -49.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 166.3k $628.7k | Added +10.2k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 155.0k $586.0k | Reduced -7.6k |
| Engineers Gate Manager LP 0.02% of their portfolio | 142.2k $537.4k | Added +51.0k |
| Invesco Ltd. 0.00% of their portfolio | 135.6k $512.4k | Reduced -10.3k |
| Factorial Partners, LLC 0.30% of their portfolio | 125.0k $472.5k | Added +6.0k |
| Squarepoint Ops LLC 0.00% of their portfolio | 121.7k $460.1k | Reduced -446.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 115.8k $438.0k | Reduced -6.0k |
| PUTNAM INVESTMENTS LLC 0.00% of their portfolio | 112.7k $426.1k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 110.8k $419.0k | Reduced -11.6k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 100.6k $380.2k | Reduced -282.3k |
| BUCKINGHAM STRATEGIC WEALTH, LLC 0.00% of their portfolio | 100.0k $378.0k | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 96.5k $364.9k | Reduced -3.7k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 96.2k $364.8k | Reduced -4.5k |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 94.9k $359.0k | Reduced -905.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 94.8k $358.5k | Reduced -10.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 93.9k $355.0k | Reduced -66.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 93.2k $352.4k | Added +39.4k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 84.7k $320.1k | Added +21.6k |
| State of Wyoming 0.06% of their portfolio | 84.5k $319.4k | Added +29.8k |
| TWO SIGMA SECURITIES, LLC 0.01% of their portfolio | 78.0k $294.7k | New |
| Point72 Middle East FZE 0.02% of their portfolio | 73.8k $279.0k | Added +29.2k |
| BAILARD, INC. 0.01% of their portfolio | 71.8k $271.5k | New |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 70.1k $265.0k | New |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 67.2k $254.1k | Added +16.6k |
| Brevan Howard Capital Management LP 0.02% of their portfolio | 65.1k $246.1k | Added +53.6k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 59.7k $225.7k | Added +1.5k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 59.5k $224.8k | Added +7.9k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 58.9k $222.5k | Unchanged |
| ALGERT GLOBAL LLC 0.01% of their portfolio | 58.2k $220.0k | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 53.8k $191.0k | Added +8.3k |
| SUMMIT PARTNERS L P 0.01% of their portfolio | 52.9k $200.0k | Unchanged |
| MYDA Advisors LLC 0.08% of their portfolio | 50.0k $189.0k | New |
| Vident Advisory, LLC 0.00% of their portfolio | 49.8k $188.4k | Reduced -5.9k |
| GSA CAPITAL PARTNERS LLP 0.02% of their portfolio | 47.9k $181.0k | Added +36.7k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 46.0k $173.8k | Reduced -1.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 46.0k $173.8k | Unchanged |
| Virtu Financial LLC 0.01% of their portfolio | 44.5k $168.0k | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 44.1k $166.7k | Unchanged |
| Bayesian Capital Management, LP 0.02% of their portfolio | 39.7k $150.0k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 38.4k $145.0k | Added +8.0k |
| Sepio Capital, LP 0.01% of their portfolio | 37.5k $141.8k | Unchanged |