Key Points
- RingCentral COO Kira Makagon sold 16,988 shares on May 27 at an average price of $42.54, totaling about $722,670. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Makagon directly owned 212,724 shares valued at about $9.05 million, representing a 7.4% decrease in her stake. She has also sold shares in prior months, including trades in February and April.
- RingCentral recently beat quarterly earnings expectations, reporting $1.20 EPS on revenue of $644.2 million, and it raised guidance for FY2026. The stock also trades near the middle of its 52-week range, while analysts currently rate it a Hold with a $43 consensus target.
RingCentral, Inc. (NYSE:RNG - Get Free Report) CAO Tarun Arora sold 919 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $42.66, for a total transaction of $39,204.54. Following the completion of the transaction, the chief accounting officer owned 71,715 shares of the company's stock, valued at approximately $3,059,361.90. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tarun Arora also recently made the following trade(s):
- On Tuesday, April 21st, Tarun Arora sold 953 shares of RingCentral stock. The stock was sold at an average price of $43.00, for a total transaction of $40,979.00.
- On Tuesday, March 10th, Tarun Arora sold 8,840 shares of RingCentral stock. The stock was 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 stock was sold at an average price of $36.14, for a total transaction of $134,549.22.
RingCentral Trading Up 0.9%
NYSE RNG opened at $41.98 on Friday. RingCentral, Inc. has a 52 week low of $23.59 and a 52 week high of $48.57. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 44.65, a price-to-earnings-growth ratio of 1.22 and a beta of 1.13. The company has a 50-day moving average price of $39.93 and a two-hundred day moving average price of $33.58.
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, beating the consensus estimate of $1.17 by $0.03. The business had revenue of $644.20 million during the quarter, compared to analysts' expectations of $642.73 million. RingCentral had a net margin of 3.31% and a negative return on equity of 33.75%. The business's revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $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. As a group, equities research analysts expect that RingCentral, Inc. will post 2.79 earnings per share for the current fiscal year.
RingCentral Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd will be issued a $0.075 dividend. The ex-dividend date is Tuesday, June 2nd. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. RingCentral's dividend payout ratio (DPR) is 31.91%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of RingCentral from $32.00 to $43.00 and gave the company an "equal weight" rating in a report on Friday, May 8th. Jefferies Financial Group reiterated a "hold" rating and issued a $40.00 price objective on shares of RingCentral in a report on Saturday, May 9th. UBS Group set a $38.00 price objective on shares of RingCentral in a report on Friday, February 20th. Rosenblatt Securities raised their target price on shares of RingCentral from $45.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, May 8th. Finally, Zacks Research upgraded shares of RingCentral from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $43.00.
View Our Latest Stock Analysis on RNG
Institutional Investors Weigh In On RingCentral
Hedge funds have recently made changes to their positions in the company. WealthCollab LLC lifted its position in shares of RingCentral by 59.7% in the 1st quarter. WealthCollab LLC now owns 693 shares of the software maker's stock valued at $26,000 after acquiring an additional 259 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of RingCentral by 127.3% in the 1st quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker's stock valued at $27,000 after acquiring an additional 410 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of RingCentral by 269.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker's stock valued at $29,000 after acquiring an additional 738 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of RingCentral by 70.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker's stock valued at $30,000 after acquiring an additional 424 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of RingCentral in the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 98.61% of the company's stock.
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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