Key Points
- RingCentral CAO Tarun Arora sold 3,615 shares on May 29 at an average price of $43.00, totaling $155,445. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards.
- RingCentral posted solid quarterly results, reporting EPS of $1.20 versus the $1.17 consensus and revenue of $644.2 million, up 5.3% year over year. The company also issued FY2026 guidance of $4.85–$5.01 EPS and Q2 2026 guidance of $1.15–$1.17 EPS.
- Analyst sentiment remains cautious overall, with three Buy ratings and ten Hold ratings. MarketBeat reports an average rating of Hold and a mean price target of $43.00, while the stock recently traded above that level at $46.35.
RingCentral, Inc. (NYSE:RNG - Get Free Report) CAO Tarun Arora sold 3,615 shares of the company's stock in a transaction on Friday, May 29th. The shares were sold at an average price of $43.00, for a total value of $155,445.00. Following the completion of the transaction, the chief accounting officer directly owned 68,100 shares in the company, valued at $2,928,300. This represents a 5.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.
Tarun Arora also recently made the following trade(s):
- On Tuesday, May 26th, Tarun Arora sold 919 shares of RingCentral stock. The shares were sold at an average price of $42.66, for a total value of $39,204.54.
- On Tuesday, April 21st, Tarun Arora sold 953 shares of RingCentral stock. The shares were sold at an average price of $43.00, for a total value of $40,979.00.
- 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 value of $359,699.60.
RingCentral Stock Performance
NYSE RNG opened at $46.35 on Wednesday. The stock has a market capitalization of $3.89 billion, a P/E ratio of 49.31, a P/E/G ratio of 1.44 and a beta of 1.14. RingCentral, Inc. has a 1 year low of $23.59 and a 1 year high of $49.85. The business's fifty day moving average is $40.29 and its two-hundred day moving average is $33.85.
RingCentral (NYSE:RNG - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $644.20 million for the quarter, compared to analysts' expectations of $642.73 million. RingCentral had a negative return on equity of 33.75% and a net margin of 3.31%.The firm's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior 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 forecast that RingCentral, Inc. will post 2.79 earnings per share for the current year.
RingCentral Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Tuesday, June 2nd will be issued a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.30 annualized dividend and a dividend yield of 0.6%. RingCentral's dividend payout ratio is currently 31.91%.
Hedge Funds Weigh In On RingCentral
Hedge funds have recently modified their holdings of the stock. WealthCollab LLC increased its stake in shares of RingCentral by 59.7% in the first quarter. WealthCollab LLC now owns 693 shares of the software maker's stock worth $26,000 after acquiring an additional 259 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of RingCentral by 127.3% in the first 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 last quarter. EverSource Wealth Advisors LLC increased its stake in shares of RingCentral by 269.3% in the fourth 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 last quarter. Rockefeller Capital Management L.P. increased its stake in shares of RingCentral by 70.5% in the fourth 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 last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of RingCentral in the third quarter worth $30,000. 98.61% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Oppenheimer reissued an "outperform" rating and set a $50.00 target price on shares of RingCentral in a research note on Friday, May 8th. Wells Fargo & Company boosted their target price on shares of RingCentral from $32.00 to $43.00 and gave the company an "equal weight" rating in a research note on Friday, May 8th. Morgan Stanley boosted their target price on shares of RingCentral from $33.00 to $40.00 and gave the company an "equal weight" rating in a research note on Monday, May 11th. Jefferies Financial Group reissued a "hold" rating and set a $40.00 target price on shares of RingCentral in a research note on Saturday, May 9th. Finally, UBS Group set a $38.00 target price on shares of RingCentral in a research note on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $43.00.
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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