Key Points
- RingCentral CAO Tarun Arora sold 953 shares on April 21 at an average price of $43.00 for $40,979, executed under a pre-arranged Rule 10b5-1 plan; he still owns 74,539 shares after the sale, a 1.26% reduction in his stake.
- Recent results and outlook: the company reported $1.18 EPS (vs. $1.14 est.) and $644.03M revenue (+4.8% YoY) for the quarter, and set FY2026 EPS guidance of $4.76–$4.97 with Q1 2026 guidance of $1.16–$1.19.
RingCentral, Inc. (NYSE:RNG - Get Free Report) CAO Tarun Arora sold 953 shares of the company's stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $43.00, for a total transaction of $40,979.00. Following the completion of the transaction, the chief accounting officer owned 74,539 shares in the company, valued at $3,205,177. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tarun Arora also recently made the following trade(s):
- On Tuesday, March 10th, Tarun Arora sold 8,840 shares of RingCentral stock. The shares were sold at an average price of $40.69, for a total transaction of $359,699.60.
- 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 transaction of $134,549.22.
- On Thursday, February 26th, Tarun Arora sold 773 shares of RingCentral stock. The shares were sold at an average price of $34.80, for a total transaction of $26,900.40.
RingCentral Price Performance
RingCentral stock opened at $41.49 on Thursday. The stock's fifty day moving average price is $36.89 and its two-hundred day moving average price is $31.19. RingCentral, Inc. has a one year low of $23.46 and a one year high of $43.83. The firm has a market cap of $3.59 billion, a PE ratio of 86.44, a price-to-earnings-growth ratio of 1.58 and a beta of 1.14.
RingCentral (NYSE:RNG - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $644.03 million for the quarter, compared to analyst estimates of $643.52 million. During the same quarter last year, the company earned $0.98 EPS. The company's revenue was up 4.8% on a year-over-year basis. 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 2.68 earnings per share for the current fiscal year.
RingCentral Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, March 9th. RingCentral's dividend payout ratio (DPR) is 62.50%.
Institutional Trading of RingCentral
Several institutional investors and hedge funds have recently modified their holdings of RNG. Fort Washington Investment Advisors Inc. OH boosted its position in RingCentral by 22.9% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,224,090 shares of the software maker's stock valued at $34,691,000 after buying an additional 228,202 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in RingCentral in the third quarter valued at approximately $843,000. Y Intercept Hong Kong Ltd boosted its position in RingCentral by 544.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 91,918 shares of the software maker's stock valued at $2,605,000 after buying an additional 77,663 shares in the last quarter. Invenomic Capital Management LP boosted its position in RingCentral by 3.9% in the third quarter. Invenomic Capital Management LP now owns 1,482,447 shares of the software maker's stock valued at $42,013,000 after buying an additional 55,088 shares in the last quarter. Finally, Oak Harvest Investment Services acquired a new stake in RingCentral in the third quarter valued at approximately $1,873,000. 98.61% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. UBS Group set a $38.00 price objective on RingCentral in a research note on Friday, February 20th. Rosenblatt Securities boosted their target price on shares of RingCentral from $32.00 to $37.50 and gave the company a "buy" rating in a research report on Friday, February 20th. Zacks Research upgraded shares of RingCentral from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. Needham & Company LLC boosted their target price on shares of RingCentral from $36.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, March 13th. Finally, Oppenheimer restated an "outperform" rating on shares of RingCentral in a research report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $35.63.
Read Our Latest Report on RNG
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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