Key Points
- Tarun Arora (CAO) sold 8,840 shares on March 10 at an average price of $40.69 for about $359,700, leaving him with 75,492 shares and representing a 10.48% reduction in his ownership.
- Arora also sold 3,723 shares on March 3 and 773 shares on Feb 26, meaning his recent disposals total 13,336 shares worth roughly $521,150.
- RingCentral recently beat quarterly EPS and revenue estimates (EPS $1.18 vs. $1.14; revenue $644.03M, +4.8% y/y), issued FY2026 EPS guidance of $4.76–4.97, and announced a $0.075 quarterly dividend (0.8% yield).
RingCentral, Inc. (NYSE:RNG - Get Free Report) CAO Tarun Arora sold 8,840 shares of the firm's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $40.69, for a total value of $359,699.60. Following the sale, the chief accounting officer directly owned 75,492 shares in the company, valued at approximately $3,071,769.48. This represents a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Tarun Arora also recently made the following trade(s):
- On Tuesday, March 3rd, Tarun Arora sold 3,723 shares of RingCentral stock. The shares were sold at an average price of $36.14, for a total value of $134,549.22.
- On Thursday, February 26th, Tarun Arora sold 773 shares of RingCentral stock. The stock was sold at an average price of $34.80, for a total value of $26,900.40.
RingCentral Price Performance
Shares of NYSE:RNG traded up $0.98 during trading on Thursday, hitting $39.85. 60,206 shares of the company's stock were exchanged, compared to its average volume of 2,719,632. The business's 50-day simple moving average is $30.60 and its 200 day simple moving average is $29.67. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 82.95, a PEG ratio of 1.60 and a beta of 1.14. RingCentral, Inc. has a 52-week low of $20.58 and a 52-week high of $42.42.
RingCentral (NYSE:RNG - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. RingCentral had a negative return on equity of 28.14% and a net margin of 1.73%.The company had revenue of $644.03 million for the quarter, compared to analysts' expectations of $643.52 million. During the same period in the previous year, the firm earned $0.98 EPS. The firm's revenue was up 4.8% compared to the same quarter last year. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. On average, sell-side analysts anticipate that RingCentral, Inc. will post 1.29 EPS for the current fiscal year.
RingCentral Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, March 9th. RingCentral's payout ratio is 62.50%.
Institutional Investors Weigh In On RingCentral
Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC raised its holdings in RingCentral by 9.0% during the 1st quarter. Empowered Funds LLC now owns 11,417 shares of the software maker's stock valued at $283,000 after buying an additional 940 shares during the period. Woodline Partners LP boosted its stake in RingCentral by 14.8% during the first quarter. Woodline Partners LP now owns 159,474 shares of the software maker's stock worth $3,949,000 after buying an additional 20,518 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in RingCentral by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,190 shares of the software maker's stock valued at $6,467,000 after acquiring an additional 5,398 shares during the last quarter. Envestnet Asset Management Inc. increased its position in RingCentral by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 29,033 shares of the software maker's stock valued at $823,000 after acquiring an additional 2,923 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of RingCentral by 4.2% in the second quarter. Bank of Montreal Can now owns 61,525 shares of the software maker's stock valued at $1,744,000 after acquiring an additional 2,485 shares during the period. 98.61% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
RNG has been the subject of several research analyst reports. Zacks Research raised shares of RingCentral from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 4th. UBS Group set a $38.00 price target on shares of RingCentral in a research note on Friday, February 20th. Rosenblatt Securities increased their price objective on shares of RingCentral from $32.00 to $37.50 and gave the company a "buy" rating in a report on Friday, February 20th. Oppenheimer restated an "outperform" rating on shares of RingCentral in a research report on Friday, February 20th. Finally, Weiss Ratings raised RingCentral from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, RingCentral has a consensus rating of "Hold" and a consensus target price of $34.04.
View Our Latest Research Report on RingCentral
RingCentral Company Profile
(
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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