Top 5 Stocks Daniel Patrick Gibson’s Sylebra Capital Management is Buying

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In this article, we discuss the top 5 stocks Daniel Patrick Gibson’s Sylebra Capital Management is buying. If you want to see our detailed analysis of Gibson’s history, investment philosophy, and hedge fund performance, go directly to Daniel Patrick Gibson’s Sylebra Capital Management is Buying AMD and 9 Other Stocks.

5. 8X8 Inc. (NYSE:EGHT)

Gibson’s Stake Value: $344,299,000
Percentage of Gibson’s 13F Portfolio: 8.54%
Number of Hedge Fund Holders: 29

8X8 Inc. (NYSE:EGHT) is an American company dealing in Voice over IP products that include cloud-based voice and contact centers, that facilitate communications for businesses. Founded in 1987, based in California, 8X8 Inc. (NYSE:EGHT) ranks fifth on our list of the stocks that Daniel Patrick Gibson’s Sylebra Capital Management is buying. 8X8 Inc. (NYSE:EGHT) has a market cap of $2.782 billion.

Gibson’s Sylebra Capital Management owns 12.4 million shares in 8X8 Inc. (NYSE:EGHT), amounting to $344.3 million, and making up 8.54% of Gibson’s 13F portfolio. At the end of the second quarter of 2021, 29 hedge funds in Insider Monkey’s database held stakes amounting to $928 million in 8X8 Inc. (NYSE:EGHT), down from 24 in the previous quarter with stakes worth over $1 billion. The company reported last quarter’s earnings per share of $0.01 on August 4, beating analysts’ consensus estimates of -$0.23 by $0.24.



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