{
  "id": 509945,
  "title": "8x8 CFO Kevin Kraus sells $79,643 in company stock",
  "url": "https://urgent.news/2026/08/10/8x8-cfo-kevin-kraus-sells-79-643-in-company-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T22:35:20.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/8x8-cfo-kevin-kraus-sells-79643-in-company-stock-93CH-4850571"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [
    "CFO Kevin Kraus sold $79,643 worth of 8x8 stock on August 7, 2026",
    "Stock price increased 8.74% to $2.24 after sale",
    "8x8 reported first-quarter fiscal 2027 earnings exceeding forecasts"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}