Key Points
- RingCentral CFO Vaibhav Agarwal sold 2,220 shares on May 18 at an average price of $40.62, worth about $90,176. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vesting equity awards.
- The company recently posted stronger-than-expected quarterly results, with EPS of $1.20 versus the $1.17 consensus and revenue of $644.2 million, up 5.3% year over year. RingCentral also raised its FY 2026 guidance and Q2 2026 outlook.
- Analyst sentiment remains mixed, with a consensus rating of “Hold” and a consensus price target of $43.00. RingCentral also announced a quarterly dividend of $0.075 per share, payable June 11, for a 0.7% annualized yield.
RingCentral, Inc. (NYSE:RNG - Get Free Report) CFO Vaibhav Agarwal sold 2,220 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $40.62, for a total value of $90,176.40. Following the transaction, the chief financial officer owned 140,416 shares of the company's stock, valued at approximately $5,703,697.92. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Vaibhav Agarwal also recently made the following trade(s):
- On Monday, March 2nd, Vaibhav Agarwal sold 18,680 shares of RingCentral stock. The stock was sold at an average price of $36.33, for a total value of $678,644.40.
- On Monday, February 23rd, Vaibhav Agarwal sold 10,744 shares of RingCentral stock. The stock was sold at an average price of $35.50, for a total value of $381,412.00.
RingCentral Stock Performance
NYSE:RNG opened at $42.60 on Wednesday. The company has a market cap of $3.58 billion, a PE ratio of 45.32, a PEG ratio of 1.24 and a beta of 1.13. RingCentral, Inc. has a 52-week low of $23.59 and a 52-week high of $48.57. The stock has a 50-day simple moving average of $39.41 and a 200 day simple moving average of $32.87.
RingCentral (NYSE:RNG - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.03. The business had revenue of $644.20 million during the quarter, compared to the consensus estimate of $642.73 million. RingCentral had a negative return on equity of 33.75% and a net margin of 3.31%.RingCentral's quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. On average, research analysts predict that RingCentral, Inc. will post 2.69 earnings per share for the current fiscal year.
RingCentral Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Tuesday, June 2nd will be issued a dividend of $0.075 per share. The ex-dividend date is Tuesday, June 2nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.7%. RingCentral's dividend payout ratio (DPR) is presently 31.91%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. WealthCollab LLC boosted its stake in shares of RingCentral by 59.7% during the 1st quarter. WealthCollab LLC now owns 693 shares of the software maker's stock worth $26,000 after acquiring an additional 259 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of RingCentral by 127.3% during the 1st quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker's stock worth $27,000 after acquiring an additional 410 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of RingCentral by 269.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker's stock worth $29,000 after acquiring an additional 738 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of RingCentral by 70.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker's stock worth $30,000 after acquiring an additional 424 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of RingCentral during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 98.61% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Weiss Ratings upgraded RingCentral from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, March 2nd. Zacks Research raised RingCentral from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. Needham & Company LLC boosted their price target on RingCentral from $36.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, March 13th. UBS Group set a $38.00 price target on RingCentral in a research report on Friday, February 20th. Finally, Wells Fargo & Company boosted their price target on RingCentral from $32.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $43.00.
Get Our Latest Stock 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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