8x8 CFO Kevin Kraus sells $79,643 in company stock

Chief Financial Officer of 8x8 Inc., Kevin Kraus, divested 34,329 of the company's shares on August 7, 2026, garnering $79,643 in proceeds. The shares were traded at prices spanning from $2.315 to $2.345 per share, with a weighted average sale price of $2.32. Currently, the stock is priced at $2.24, marking an 8.74% increase over the previous week.

InvestingPro's assessment indicates the company is undervalued, with a Fair Value projecting potential upside. The financial analysis also noted that 8x8 is included in InvestingPro's Most Undervalued stocks list. Post this transaction, Kraus remains a shareholder of the company, now owning 958,324 shares of 8x8 common stock directly.

More recently, 8x8 disclosed its first-quarter fiscal 2027 financial results, surpassing earnings forecasts. The company revealed fully diluted earnings of $0.09 per share, outperforming the estimated $0.085 per share. Revenue for the quarter amounted to $190.2 million, with service revenue reaching a record $185.3 million. Furthermore, 8x8 has raised its full-year revenue guidance, marking its fifth consecutive quarter of year-over-year revenue growth.

Despite these strong financial results, the company's shares saw a post-market decline. This report was created with AI assistance and subsequently reviewed by an editor. Additional information can be found in the Terms of Use.