Key Points
- COO Kira Makagon sold 22,196 shares on Feb. 27 at an average of $35.15, reducing her position by 6.14% to 339,545 shares (roughly $11.94M after the sale).
- RingCentral reported Q4 EPS of $1.18 (beating estimates by $0.04) on $644.03M revenue (up 4.8% YoY) and set FY2026 EPS guidance of 4.76–4.97 with Q1 guidance of 1.16–1.19.
- The company declared a quarterly dividend of $0.075 per share (annualized $0.30, ~0.8% yield; ex-dividend March 9, payable March 16) and the stock carries a consensus "Hold" rating with a $34.04 target.
RingCentral, Inc. (NYSE:RNG - Get Free Report) CAO Tarun Arora sold 773 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $34.80, for a total transaction of $26,900.40. Following the completion of the transaction, the chief accounting officer owned 96,179 shares in the company, valued at $3,347,029.20. This represents a 0.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Tarun Arora also recently made the following trade(s):
- On Monday, December 1st, Tarun Arora sold 3,888 shares of RingCentral stock. The shares were sold at an average price of $28.70, for a total transaction of $111,585.60.
RingCentral Stock Down 2.4%
Shares of RNG opened at $36.26 on Friday. The stock has a market capitalization of $3.14 billion, a P/E ratio of 75.54, a PEG ratio of 1.47 and a beta of 1.23. RingCentral, Inc. has a twelve month low of $20.58 and a twelve month high of $40.64. The firm has a fifty day simple moving average of $28.98 and a two-hundred day simple moving average of $29.14.
RingCentral (NYSE:RNG - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.04. The firm had revenue of $644.03 million for the quarter, compared to analysts' expectations of $643.52 million. RingCentral had a net margin of 1.73% and a negative return on equity of 29.05%. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 earnings per share. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Sell-side analysts expect that RingCentral, Inc. will post 1.29 EPS for the current fiscal year.
RingCentral Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be issued a $0.075 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.30 annualized dividend and a yield of 0.8%.
Institutional Investors Weigh In On RingCentral
Several hedge funds have recently bought and sold shares of the business. DGS Capital Management LLC purchased a new stake in RingCentral in the fourth quarter worth about $239,000. Kera Capital Partners Inc. boosted its position in shares of RingCentral by 75.5% in the 4th quarter. Kera Capital Partners Inc. now owns 16,633 shares of the software maker's stock worth $480,000 after purchasing an additional 7,153 shares in the last quarter. Invesco Ltd. grew its stake in shares of RingCentral by 43.3% in the 4th quarter. Invesco Ltd. now owns 218,456 shares of the software maker's stock worth $6,309,000 after buying an additional 65,975 shares during the last quarter. Corient Private Wealth LLC increased its position in RingCentral by 928.0% during the 4th quarter. Corient Private Wealth LLC now owns 86,537 shares of the software maker's stock valued at $2,499,000 after buying an additional 78,119 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in RingCentral by 108.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,737 shares of the software maker's stock valued at $599,000 after buying an additional 10,765 shares during the last quarter. Institutional investors own 98.61% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Zacks Research cut RingCentral from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 3rd. Morgan Stanley lifted their price target on shares of RingCentral from $30.00 to $33.00 and gave the company an "equal weight" rating in a report on Friday, February 20th. Oppenheimer reissued an "outperform" rating on shares of RingCentral in a research report on Friday, February 20th. UBS Group set a $38.00 target price on shares of RingCentral in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of RingCentral in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $34.04.
Get Our Latest Analysis on RingCentral
About RingCentral
(
Get Free Report)
RingCentral, Inc is a leading provider of cloud-based business communications and collaboration solutions. The company’s flagship platform delivers unified communications as a service (UCaaS), integrating voice over IP (VoIP) phone systems, video conferencing, team messaging and SMS into a single, cloud-native application. In addition to its UCaaS offering, RingCentral provides contact center as a service (CCaaS) capabilities, enabling organizations to manage customer interactions across voice, email, chat and social channels from a centralized dashboard.
Founded in 1999 and headquartered in Belmont, California, RingCentral went public on the New York Stock Exchange under the ticker RNG in 2013.
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