Insider Trading Alert - EGHT, KS And XEC Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, May 27, 2014, 112 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $347.00 to $12,590,905.04.

Highlighted Stocks Traded by Insiders:

8x8 (EGHT) - FREE Research Report

Verma Vikram, who is Chief Executive Officer at 8x8, bought 38,000 shares at $7.42 on May 27, 2014. Following this transaction, the Chief Executive Officer owned 163,000 shares meaning that the stake was boosted by 30.4% with the 38,000-share transaction.

The shares most recently traded at $7.50, up $0.08, or 1.08% since the insider transaction. Historical insider transactions for 8x8 go as follows:

  • 4-Week # shares bought: 25,000
  • 12-Week # shares bought: 25,000
  • 24-Week # shares bought: 25,000
  • 24-Week # shares sold: 6,200

The average volume for 8x8 has been 1.2 million shares per day over the past 30 days. 8X8 has a market cap of $637.1 million and is part of the technology sector and telecommunications industry. Shares are down 28.57% year-to-date as of the close of trading on Tuesday.

8x8, Inc. provides unified communications and collaboration (UCC) services in the cloud for small and medium businesses, and mid-market and distributed enterprises. The company has a P/E ratio of 40.3. Currently, there are 8 analysts who rate 8x8 a buy, no analysts rate it a sell, and 1 rates it a hold.

Exclusive Offer: Get the latest Stock Analysis on EGHT - FREE

TheStreet Quant Ratings rates 8x8 as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. Get the full 8x8 Ratings Report from TheStreet Quant Ratings now.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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