Insider Selling: RingCentral (NYSE:RNG) COO Sells 46,960 Shares of Stock

RingCentral, Inc. (NYSE:RNG) COO Kira Makagon sold 46,960 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $35.49, for a total value of $1,666,610.40. Following the transaction, the chief operating officer directly owned 369,524 shares in the company, valued at approximately $13,114,406.76. The trade was a 11.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kira Makagon also recently made the following trade(s):

• On Friday, December 26th, Kira Makagon sold 6,495 shares of RingCentral stock. The stock was sold at an average price of $29.22, for a total value of $189,783.90.
• On Wednesday, November 26th, Kira Makagon sold 14,798 shares of RingCentral stock. The stock was sold at an average price of $28.11, for a total value of $415,971.78.

RingCentral Stock Up 2.2%

RNG traded up $0.75 during midday trading on Tuesday, hitting $35.33. 3,145,876 shares of the company traded hands, compared to its average volume of 2,795,091. The company’s 50-day moving average is $28.49 and its 200 day moving average is $28.93. The firm has a market capitalization of $3.06 billion, a PE ratio of 73.60, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23. RingCentral, Inc. has a 52 week low of $20.58 and a 52 week high of $40.64.

RingCentral (NYSE:RNG) last announced its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. RingCentral had a net margin of 1.73% and a negative return on equity of 29.05%. The firm had revenue of $644.03 million during the quarter, compared to analyst estimates of $643.52 million. During the same period in the previous year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. On average, sell-side analysts predict that RingCentral, Inc. will post 1.29 earnings per share for the current fiscal year.

RingCentral Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.075 per share. The ex-dividend date is Monday, March 9th. This represents a $0.30 dividend on an annualized basis and a yield of 0.8%.

Key Stories Impacting RingCentral

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: Company beat Q4 expectations, raised forward-looking targets and announced its first dividend plus an expanded buyback program — a package that supports higher shareholder returns and helped lift sentiment. RingCentral (RNG) Is Up 14.5% After New Dividend, Buyback Expansion And AI Revenue Rebound – What’s Changed
• Positive Sentiment: AI traction is accelerating: AI product attach rates have more than doubled year-over-year and pure-AI ARR has surged — supporting higher ARPU and improving retention, which investors view as a multi-year growth catalyst. RingCentral: Fantastic Rally Setup As AI Attach Rates Grow
• Positive Sentiment: Free cash flow and margins improved: full-year free cash flow hit a record, GAAP operating margin turned positive, and management guided to stronger FCF and margin targets for FY26 — enabling the dividend and larger $500M buyback. RingCentral Q4 2025 Earnings Report
• Neutral Sentiment: Analyst coverage remains mixed: only a minority of analysts rate RNG a Buy and the consensus price target sits below recent trade, suggesting limited near-term upside per Street estimates. RNG Stock Page – MarketBeat
• Negative Sentiment: Insider selling this week: CEO Vladimir Shmunis, COO Kira Makagon and CFO Vaibhav Agarwal disclosed sizable stock sales (multiple Form 4 filings), which investors can interpret as profit-taking or reduced insider conviction. CEO Form 4: CEO Insider Sale Form 4; COO Form 4: COO Insider Sale Form 4; CFO Form 4: CFO Insider Sale Form 4
• Negative Sentiment: Structural risks remain: revenue growth is still modest versus large competitors, and the company carries meaningful debt — both factors that could limit upside if AI adoption or FCF improvement slows. No direct article link

Institutional Trading of RingCentral

Hedge funds have recently bought and sold shares of the stock. DGS Capital Management LLC purchased a new stake in RingCentral in the fourth quarter worth about $239,000. Kera Capital Partners Inc. increased its holdings in RingCentral by 75.5% in the 4th quarter. Kera Capital Partners Inc. now owns 16,633 shares of the software maker’s stock worth $480,000 after acquiring an additional 7,153 shares in the last quarter. Invesco Ltd. raised its stake in RingCentral by 43.3% during the 4th quarter. Invesco Ltd. now owns 218,456 shares of the software maker’s stock worth $6,309,000 after acquiring an additional 65,975 shares during the period. Corient Private Wealth LLC raised its stake in RingCentral by 928.0% during the 4th quarter. Corient Private Wealth LLC now owns 86,537 shares of the software maker’s stock worth $2,499,000 after acquiring an additional 78,119 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in RingCentral by 108.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,737 shares of the software maker’s stock valued at $599,000 after purchasing an additional 10,765 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

Analyst Upgrades and Downgrades

RNG has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of RingCentral in a report on Monday, December 29th. Zacks Research cut RingCentral from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Piper Sandler boosted their price target on RingCentral from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Monday. Robert W. Baird upped their price target on shares of RingCentral from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Oppenheimer reiterated an “outperform” rating on shares of RingCentral in a research note on Friday. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.04.

About RingCentral

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.