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 ($1.9m this quarter). Holder counts are more reliable. Shares outstanding: 134.5m as of 2025-05-12, 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 ≈ $2.00. Options: 4 managers hold calls ($29.0k notional), 1 hold puts ($12.4k).
Trends to Q1 2025
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 |
| Q1 2024 | 152 |
| Q2 2024 | 149 |
| Q3 2024 | 142 |
| Q4 2024 | 152 |
| Q1 2025 | 145 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 86 | 124 |
| Q3 2023 | 76 | 113 |
| Q4 2023 | 82 | 97 |
| Q1 2024 | 74 | 84 |
| Q2 2024 | 70 | 89 |
| Q3 2024 | 64 | 73 |
| Q4 2024 | 85 | 53 |
| Q1 2025 | 63 | 75 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $33.0k | $275.5k | 8.36 |
| Q3 2024 | $20.8k | $34.9k | 1.67 |
| Q4 2024 | $41.7k | $0 | 0.00 |
| Q1 2025 | $29.0k | $12.4k | 0.43 |
Biggest buyers
| Hillsdale Investment Management Inc. | New | +1.5m |
| SEGALL BRYANT & HAMILL, LLC | New | +1.5m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +1.1m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +982.3k |
| BANK OF AMERICA CORP /DE/ | Added | +495.6k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | New | +431.7k |
| DIMENSIONAL FUND ADVISORS LP | Added | +400.8k |
| VANGUARD GROUP INC | Added | +393.5k |
| STATE STREET CORP | Added | +262.3k |
| GLOBEFLEX CAPITAL L P | New | +260.8k |
Biggest sellers
| Russell Investments Group, Ltd. | Reduced | -1.5m |
| Invenomic Capital Management LP | Reduced | -1.4m |
| ArrowMark Colorado Holdings LLC | Reduced | -826.4k |
| MACKENZIE FINANCIAL CORP | Reduced | -556.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -503.9k |
| SYLEBRA CAPITAL LLC | Reduced | -303.8k |
| FMR LLC | Reduced | -300.5k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -287.0k |
| M&T Bank Corp | Sold out | -272.4k |
| DEUTSCHE BANK AG\ | Reduced | -246.2k |
Biggest calls
| SIMPLEX TRADING, LLC | Added | $17.0k8.9k shares |
| CITADEL ADVISORS LLC | Reduced | $10.2k5.1k shares |
| GROUP ONE TRADING LLC | Reduced | $1.8k900 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | New | $12.4k6.2k 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 Q1 2025
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 2023 | 0 | — | 4 | $583.5k | $30.7k |
| Q3 2023 | 0 | — | 6 | $379.4k | $153.0k |
| Q4 2023 | 0 | — | 5 | $301.9k | $206.7k |
| Q1 2024 | 0 | — | 5 | $176.4k | $89.1k |
| Q2 2024 | 0 | — | 5 | $355.5k | $18.4k |
| Q3 2024 | 0 | — | 7 | $221.4k | $78.1k |
| Q4 2024 | 0 | — | 4 | $134.3k | $119.1k |
| Q1 2025 | 0 | — | 2 | $38.1k | $38.1k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-24 | Gibson Daniel Patrick +1 10% owner · See Footnote | Sold | $226.7k101.7k shares |
| 2025-03-21 | Gibson Daniel Patrick +1 10% owner · See Footnote | Sold | $107.0k50.0k shares |
| 2025-03-20 | Gibson Daniel Patrick +1 10% owner · See Footnote | Sold | $114.2k52.1k shares |
| 2025-03-19 | Gibson Daniel Patrick +1 10% owner · See Footnote | Sold | $223.0k100.0k shares |
| 2025-03-17 | Kraus Kevin Chief Financial Officer | Sold plan | $2.2k1.0k shares |
| 2025-02-18 | Kraus Kevin Chief Financial Officer | Sold plan | $3.3k1.0k shares |
| 2025-02-11 | Denny Laurence Chief Legal Officer | Sold plan | $30.0k10.0k shares |
| 2025-01-15 | Kraus Kevin Chief Financial Officer | Sold plan | $2.6k1.0k 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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| SYLEBRA CAPITAL LLC 1.42% of their portfolio | 14.1m $28.2m | Reduced -303.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 13.0m $26.0m | Added +393.5k |
| BlackRock, Inc. 0.00% of their portfolio | 11.4m $22.8m | Added +86.6k |
| ArrowMark Colorado Holdings LLC 0.35% of their portfolio | 10.7m $21.4m | Reduced -826.4k |
| Boston Partners 0.02% of their portfolio | 6.4m $12.8m | Reduced -225.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 4.3m $8.6m | Added +495.6k |
| Invenomic Capital Management LP 0.39% of their portfolio | 3.8m $7.7m | Reduced -1.4m |
| STATE STREET CORP 0.00% of their portfolio | 3.2m $6.4m | Added +262.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.1m $6.3m | Added +119.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 2.6m $5.2m | Added +982.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 2.0m $4.0m | Added +1.1m |
| Impax Asset Management Group plc 0.02% of their portfolio | 2.0m $4.0m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.9m $3.8m | Added +21.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 1.8m $3.5m | Reduced -1.5m |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.6m $3.2m | Added +400.8k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.6m $3.1m | Reduced -219.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 1.5m $3.0m | Reduced -246.2k |
| Hillsdale Investment Management Inc. 0.15% of their portfolio | 1.5m $2.9m | New |
| SEGALL BRYANT & HAMILL, LLC 0.04% of their portfolio | 1.5m $2.9m | New |
| S SQUARED TECHNOLOGY, LLC 1.45% of their portfolio | 1.4m $2.8m | Unchanged |
| FMR LLC 0.00% of their portfolio | 1.4m $2.8m | Reduced -300.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.4m $2.8m | Reduced -36.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.1m $2.2m | Added +2.4k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 1.1m $2.1m | Reduced -149.0k |
| Crestline Management, L.P. 3.13% of their portfolio | 990.6k $2.0m | Reduced -7.8k |
| BRC Group Holdings, Inc. 2.19% of their portfolio | 833.5k $1.7m | Reduced -60.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 781.7k $1.6m | Reduced -16.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 727.7k $1.5m | Reduced -62.3k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 727.0k $1.5m | Reduced -287.0k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 624.8k $1.2m | Added +1.3k |
| MORGAN STANLEY 0.00% of their portfolio | 579.6k $1.2m | Added +12.1k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 568.5k $1.1m | Reduced -30.1k |
| COOPER CREEK PARTNERS MANAGEMENT LLC 0.03% of their portfolio | 515.6k $1.0m | Unchanged |
| Bank of New York Mellon Corp 0.00% of their portfolio | 451.8k $903.6k | Reduced -9.1k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.00% of their portfolio | 431.7k $863.3k | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 413.3k $826.5k | Reduced -27.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 385.0k $770.1k | Reduced -40.3k |
| Mayflower Financial Advisors, LLC 0.12% of their portfolio | 382.7k $765.4k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 355.6k $711.1k | Added +88.9k |
| Nuveen, LLC 0.00% of their portfolio | 319.3k $638.6k | First filing |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 297.8k $595.6k | Reduced -41.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 292.4k $584.8k | Reduced -503.9k |
| UBS Group AG 0.00% of their portfolio | 288.5k $577.0k | Added +76.9k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 283.6k $567.3k | Reduced -152.9k |
| LPL Financial LLC 0.00% of their portfolio | 283.0k $565.9k | Added +62.5k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 279.7k $559.4k | Reduced -2.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 268.3k $536.7k | Added +49.9k |
| GLOBEFLEX CAPITAL L P 0.05% of their portfolio | 260.8k $521.5k | New |
| State of Wyoming 0.07% of their portfolio | 254.8k $509.6k | Added +4.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 251.7k $503.4k | Reduced -114.7k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 250.8k $501.6k | Added +221.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 220.1k $440.2k | Added +48.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 189.9k $379.8k | Unchanged |
| XTX Topco Ltd 0.02% of their portfolio | 189.0k $378.0k | Added +28.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 183.6k $367.2k | Added +18.2k |
| BARCLAYS PLC 0.00% of their portfolio | 174.6k $349.3k | Reduced -60.7k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 160.6k $321.1k | Reduced -556.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 112.9k $226.0k | Added +5.9k |
| Wealthspire Advisors, LLC 0.00% of their portfolio | 108.2k $216.4k | Unchanged |
| Integrated Quantitative Investments LLC 0.10% of their portfolio | 101.9k $203.7k | Reduced -116 |
| CITIGROUP INC 0.00% of their portfolio | 93.4k $186.8k | Reduced -9.1k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 85.5k $168.1k | Added +215 |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 83.8k $167.6k | Added +37.6k |
| Dynamic Technology Lab Private Ltd 0.02% of their portfolio | 79.1k $158.0k | Added +66.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 77.0k $153.9k | First filing |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 76.4k $152.8k | Added +3.3k |
| Man Group plc 0.00% of their portfolio | 75.8k $151.5k | Added +33.4k |
| SUMMIT PARTNERS L P 0.01% of their portfolio | 69.8k $139.7k | New |
| Focus Partners Wealth 0.00% of their portfolio | 68.0k $135.9k | Reduced -69.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 67.7k $135.3k | Added +2.5k |
| WINTON GROUP Ltd 0.01% of their portfolio | 66.0k $132.0k | New |
| Corebridge Financial, Inc. 0.00% of their portfolio | 63.9k $127.9k | Added +393 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.00% of their portfolio | 61.7k $123.5k | Reduced -201.2k |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 61.1k $122.3k | Added +19.7k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 53.1k $106.2k | Added +37.8k |
| Technology Crossover Management VIII, Ltd. 0.02% of their portfolio | 51.0k $101.9k | New |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 50.0k $100.0k | Reduced -230.0k |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 49.0k $98.0k | Reduced -10.9k |
| SG Americas Securities, LLC 0.00% of their portfolio | 46.5k $93.0k | Reduced -14.6k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 46.4k $92.8k | Added +600 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 45.5k $91.0k | Reduced -31.3k |
| Heron Bay Capital Management 0.02% of their portfolio | 44.3k $88.7k | Added +18.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 44.1k $88.2k | Unchanged |
| Brevan Howard Capital Management LP 0.00% of their portfolio | 39.1k $78.2k | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 38.4k $76.8k | Unchanged |
| Cerity Partners LLC 0.00% of their portfolio | 38.1k $76.1k | Added +9.8k |
| CWM, LLC 0.00% of their portfolio | 36.9k $74.0k | Reduced -1.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 36.2k $72.4k | Reduced -645 |
| TWO SIGMA SECURITIES, LLC 0.01% of their portfolio | 35.0k $70.0k | Added +16.6k |
| DGS Capital Management, LLC 0.02% of their portfolio | 34.6k $69.3k | Added +23.9k |
| Engineers Gate Manager LP 0.00% of their portfolio | 33.7k $67.4k | Added +8.9k |
| Creative Planning 0.00% of their portfolio | 31.1k $62.3k | Reduced -11.4k |
| CIBC WORLD MARKETS CORP 0.00% of their portfolio | 29.0k $57.9k | Added +17.0k |
| ProShare Advisors LLC 0.00% of their portfolio | 28.3k $56.5k | Reduced -7.7k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 26.5k $53.0k | Added +13.7k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 25.3k $50.6k | Unchanged |
| Vident Advisory, LLC 0.00% of their portfolio | 25.2k $50.3k | Added +77 |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 24.9k $49.8k | Reduced -6.9k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 23.9k $47.7k | Reduced -4.1k |
| Williams & Novak, LLC 0.05% of their portfolio | 23.6k $48.1k | Added +700 |