Published on 6 Nov 2023 on Simply Wall St. via Yahoo Finance
After losing 21% in the past year, 8x8, Inc. (NASDAQ:EGHT) institutional owners must be relieved by...
Key Insights
Significantly high institutional ownership implies 8x8's stock price is sensitive to their trading actionsA total of 8 investors have a majority stake in the company with 52% ownership Insiders have been selling lately
Every investor in 8x8, Inc. (NASDAQ:EGHT) should be aware of the most powerful shareholder groups. With 65% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).