Key Points
- CEO Vladimir Shmunis sold 15,556 RingCentral shares for approximately $1.12 million, reducing his direct stake by 7.56%. The sale was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding related to vested equity awards.
- RingCentral shares opened at $76.40, near their 52-week high of $77.95, with a market capitalization of roughly $6.38 billion. The company recently exceeded quarterly earnings and revenue expectations.
- RingCentral increased its quarterly dividend to $0.125 per share, or $0.50 annually. Despite bullish coverage from RBC, analysts overall maintain a “Hold” consensus with a $56 average price target.
RingCentral, Inc. (NYSE:RNG - Get Free Report) CAO Tarun Arora sold 954 shares of RingCentral stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $77.00, for a total value of $73,458.00. Following the sale, the chief accounting officer directly owned 69,864 shares of the company's stock, valued at approximately $5,379,528. The trade was a 1.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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, August 25th, Tarun Arora sold 675 shares of RingCentral stock. The stock was sold at an average price of $67.45, for a total value of $45,528.75.
- 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.
RingCentral Price Performance
Shares of RingCentral stock opened at $76.40 on Friday. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 61.12, a P/E/G ratio of 1.25 and a beta of 1.14. RingCentral, Inc. has a 52-week low of $24.14 and a 52-week high of $77.95. The stock has a 50-day simple moving average of $54.16 and a 200-day simple moving average of $44.33.
RingCentral (NYSE:RNG - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The software maker reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. The firm had revenue of $657.01 million for the quarter, compared to the consensus estimate of $650.53 million. RingCentral had a negative return on equity of 34.49% and a net margin of 4.27%.The firm's revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 earnings per share. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. As a group, equities research analysts predict that RingCentral, Inc. will post 2.89 earnings per share for the current year.
RingCentral Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were given a $0.125 dividend. This is a positive change from RingCentral's previous quarterly dividend of $0.07. This represents a $0.50 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 6th. RingCentral's payout ratio is presently 40.00%.
Key RingCentral News
Here are the key news stories impacting RingCentral this week:
- Positive Sentiment: RBC’s bullish initiation and subsequent upgrade to “moderate buy” provide a fresh analyst catalyst. The firm’s view suggests RingCentral’s enterprise customer base, communications platform and recurring-revenue model could remain defensible as artificial intelligence reshapes the software industry. RingCentral Jumps After RBC Capital Initiates at Outperform
- Positive Sentiment: The upgrade follows RingCentral’s recent earnings beat, including quarterly EPS of $1.22 versus a $1.16 consensus estimate and revenue of $657.0 million versus expectations of $650.5 million. Revenue increased 5.9% year over year, while full-year EPS guidance remains $4.96 to $5.10.
- Positive Sentiment: Institutional ownership and recent buying may provide additional support. Institutional investors own approximately 98.6% of the shares, with California State Teachers’ Retirement System and Corient Private Wealth among investors that increased their positions during the second quarter.
- Neutral Sentiment: CEO Vladimir Shmunis, CFO Vaibhav Agarwal and Chief Accounting Officer Tarun Arora collectively sold roughly $2.55 million of stock. Each transaction was executed under a pre-arranged Rule 10b5-1 plan to cover tax withholding related to vested equity awards, making the sales less indicative of deteriorating management confidence. RingCentral Insider Trading Alert
- Negative Sentiment: Valuation and expectations remain risks. RingCentral trades near its 52-week high with a reported P/E ratio above 60, while the broader analyst consensus remains “Hold” with a price target of $56—well below the current trading level—leaving the stock vulnerable to profit-taking if future growth or guidance disappoints.
Institutional Trading of RingCentral
A number of institutional investors and hedge funds have recently modified their holdings of RNG. California State Teachers Retirement System boosted its holdings in shares of RingCentral by 3,720.4% during the 2nd quarter. California State Teachers Retirement System now owns 3,166,501 shares of the software maker's stock worth $123,430,000 after buying an additional 3,083,616 shares during the period. LSV Asset Management raised its holdings in 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 during the period. 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 worth $57,874,000 after acquiring an additional 523,966 shares during the last quarter. Quantinno Capital Management LP lifted its position in RingCentral by 150.4% during 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 during the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in RingCentral during the third quarter valued at about $53,365,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
RNG has been the subject of several analyst reports. Wells Fargo & Company lifted their price objective on shares of RingCentral from $43.00 to $65.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 25th. Robert W. Baird set a $45.00 target price on shares of RingCentral in a research report on Friday, May 8th. Mizuho raised their target price on RingCentral from $38.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $40.00 price target on shares of RingCentral in a research report on Saturday, May 9th. Finally, Morgan Stanley upped their price target on RingCentral from $33.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $56.00.
Read Our Latest 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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