Key Points
- Kira Makagon, RingCentral COO, sold 5,870 shares on April 27 at an average price of $40.27 for about $236,385 under a Rule 10b5-1 trading plan, leaving her with 236,715 shares valued at roughly $9.53M (a 2.42% reduction).
- Makagon also executed larger insider sales earlier this year—22,196 shares on Feb 27 (~$780,189) and 46,960 shares on Feb 20 (~$1.67M)—highlighting significant insider selling activity in 2026.
RingCentral, Inc. (NYSE:RNG - Get Free Report) COO Kira Makagon sold 5,870 shares of the business's stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $40.27, for a total value of $236,384.90. Following the completion of the sale, the chief operating officer owned 236,715 shares of the company's stock, valued at $9,532,513.05. The trade was a 2.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kira Makagon also recently made the following trade(s):
- On Friday, February 27th, Kira Makagon sold 22,196 shares of RingCentral stock. The stock was sold at an average price of $35.15, for a total value of $780,189.40.
- On Friday, February 20th, Kira Makagon sold 46,960 shares of RingCentral stock. The stock was sold at an average price of $35.49, for a total value of $1,666,610.40.
RingCentral Price Performance
NYSE:RNG opened at $39.65 on Wednesday. The business has a 50 day moving average of $37.73 and a 200 day moving average of $31.57. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 82.61, a PEG ratio of 1.55 and a beta of 1.14. RingCentral, Inc. has a 1-year low of $23.59 and a 1-year high of $43.83.
RingCentral (NYSE:RNG - Get Free Report) last announced 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. The business had revenue of $644.03 million for the quarter, compared to analysts' expectations of $643.52 million. RingCentral had a negative return on equity of 28.14% and a net margin of 1.73%.The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. As a group, sell-side analysts anticipate that RingCentral, Inc. will post 2.68 EPS for the current year.
RingCentral Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, March 9th. RingCentral's payout ratio is 62.50%.
Hedge Funds Weigh In On RingCentral
Several hedge funds have recently made changes to their positions in RNG. Empowered Funds LLC increased its stake in shares of RingCentral by 9.0% during the first 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 increased its stake in shares of RingCentral by 14.8% during the first quarter. Woodline Partners LP now owns 159,474 shares of the software maker's stock valued at $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 stake in shares of 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 buying an additional 5,398 shares during the period. Creative Planning purchased a new position in shares of RingCentral during the second quarter valued at approximately $274,000. Finally, Invesco Ltd. increased its stake in shares of RingCentral by 10.8% during the second quarter. Invesco Ltd. now owns 137,935 shares of the software maker's stock valued at $3,910,000 after buying an additional 13,446 shares during the period. 98.61% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have commented on RNG. Weiss Ratings raised RingCentral from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, March 2nd. Morgan Stanley lifted their price target on RingCentral from $30.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Friday, February 20th. Mizuho lifted their price target on RingCentral from $27.00 to $32.00 and gave the stock a "neutral" rating in a research note on Friday, February 20th. Zacks Research raised RingCentral from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 4th. Finally, Rosenblatt Securities lifted their price target on RingCentral from $32.00 to $37.50 and gave the stock a "buy" rating in a research note on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $35.63.
Check Out Our Latest Stock Analysis 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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