RingCentral, Inc. (NYSE:RNG - Get Free Report) CAO Tarun Arora sold 675 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $67.45, for a total value of $45,528.75. Following the sale, the chief accounting officer owned 79,709 shares of the company's stock, valued at $5,376,372.05. This represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Friday, August 21st, Tarun Arora sold 1,876 shares of RingCentral stock. The stock was sold at an average price of $65.26, for a total value of $122,427.76.
- On Friday, May 29th, Tarun Arora sold 3,615 shares of RingCentral stock. The shares were sold at an average price of $43.00, for a total value of $155,445.00.
RingCentral Stock Performance
NYSE:RNG opened at $65.49 on Wednesday. The firm has a market cap of $5.47 billion, a PE ratio of 52.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.10. The business has a 50 day moving average price of $49.23 and a 200-day moving average price of $42.23. RingCentral, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $68.45.
RingCentral (NYSE:RNG - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The software maker reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. RingCentral had a net margin of 4.27% and a negative return on equity of 34.49%. The business had revenue of $657.01 million for the quarter, compared to analyst estimates of $650.53 million. During the same quarter last year, the firm earned $1.06 EPS. The company's revenue was up 5.9% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. Research analysts predict that RingCentral, Inc. will post 2.88 EPS for the current year.
RingCentral Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were issued a dividend of $0.125 per share. The ex-dividend date was Thursday, August 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.8%. This is a boost from RingCentral's previous quarterly dividend of $0.07. RingCentral's dividend payout ratio (DPR) is presently 40.00%.
Institutional Investors Weigh In On RingCentral
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in RingCentral by 3,720.4% during the second quarter. California State Teachers Retirement System now owns 3,166,501 shares of the software maker's stock valued at $123,430,000 after buying an additional 3,083,616 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of RingCentral in the 3rd quarter worth about $53,365,000. LSV Asset Management increased its stake in shares of RingCentral by 142.4% in the 4th quarter. LSV Asset Management now owns 2,871,700 shares of the software maker's stock worth $82,935,000 after acquiring an additional 1,686,900 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of RingCentral by 150.4% in the 1st quarter. Quantinno Capital Management LP now owns 1,976,995 shares of the software maker's stock worth $73,524,000 after acquiring an additional 1,187,437 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in RingCentral by 35.4% during the 4th quarter. AQR Capital Management LLC now owns 2,003,950 shares of the software maker's stock valued at $57,874,000 after acquiring an additional 523,966 shares during the period. 98.61% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of RingCentral in a report on Friday, July 17th. Oppenheimer reiterated an "outperform" rating and issued a $50.00 price target on shares of RingCentral in a report on Friday, May 8th. Rosenblatt Securities restated a "buy" rating and issued a $50.00 price objective on shares of RingCentral in a report on Friday, July 24th. Mizuho raised their target price on shares of RingCentral from $38.00 to $40.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Finally, Piper Sandler boosted their price target on shares of RingCentral from $40.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, RingCentral currently has a consensus rating of "Hold" and an average target price of $46.60.
View Our Latest Research Report on RingCentral
RingCentral News Roundup
Here are the key news stories impacting RingCentral this week:
- Positive Sentiment: Value-stock appeal: Zacks characterized RingCentral as a strong value stock, potentially supporting investor interest after the company’s shares rallied substantially from their 52-week low. Why RingCentral Is a Strong Value Stock
- Positive Sentiment: Improved shareholder returns: RingCentral recently increased its quarterly dividend to $0.125 per share from $0.07, equivalent to a $0.50 annualized payout and an approximately 0.7% yield. The company’s record cash flow is also being cited as a source of support for higher returns. RingCentral Cash Flow and Returns
- Neutral Sentiment: Fundamentals remain solid: RingCentral’s latest quarterly results exceeded expectations, with adjusted EPS of $1.22 versus $1.16 expected and revenue of $657.0 million versus $650.5 million expected. Revenue increased 5.9% year over year, while fiscal 2026 EPS guidance remains $4.96–$5.10.
- Negative Sentiment: Cautious analyst stance: Brokerages maintain a consensus “Hold” rating, with an average price target of $44.40—well below the recent trading range. Although some firms retain Buy ratings, the target gap may be pressuring the stock.
- Negative Sentiment: Executive share sales: CFO Vaibhav Agarwal and CAO Tarun Arora sold shares, including Arora’s 675-share sale on August 25. The transactions were conducted under pre-arranged Rule 10b5-1 plans, and earlier sales covered tax withholding on vested equity, reducing their bearish significance but still adding near-term supply.
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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