Insider Selling: RingCentral (NYSE:RNG) CFO Sells 18,680 Shares of Stock

RingCentral, Inc. (NYSE:RNG) CFO Vaibhav Agarwal sold 18,680 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $36.33, for a total transaction of $678,644.40. Following the completion of the sale, the chief financial officer owned 139,493 shares in the company, valued at $5,067,780.69. This represents a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Vaibhav Agarwal also recently made the following trade(s):

• On Monday, February 23rd, Vaibhav Agarwal sold 10,744 shares of RingCentral stock. The shares were sold at an average price of $35.50, for a total transaction of $381,412.00.

RingCentral Price Performance

Shares of NYSE RNG traded up $0.75 on Tuesday, hitting $36.89. The company’s stock had a trading volume of 2,718,638 shares, compared to its average volume of 2,826,387. The stock has a 50 day moving average of $29.11 and a 200-day moving average of $29.18. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 76.86, a price-to-earnings-growth ratio of 1.44 and a beta of 1.14. RingCentral, Inc. has a 12-month low of $20.58 and a 12-month high of $40.64.

RingCentral (NYSE:RNG) last issued its quarterly earnings data on Thursday, February 19th. The software maker reported $1.18 earnings per share 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 business had revenue of $644.03 million during the quarter, compared to analysts’ expectations of $643.52 million. During the same period last year, the company posted $0.98 EPS. The company’s revenue 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. Sell-side analysts expect that RingCentral, Inc. will post 1.29 EPS for the current fiscal year.

RingCentral Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have issued reports on RNG shares. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of RingCentral in a research note on Tuesday, November 4th. UBS Group set a $38.00 price objective on shares of RingCentral in a research note on Friday, February 20th. Oppenheimer reiterated an “outperform” rating on shares of RingCentral in a report on Friday, February 20th. Robert W. Baird increased their price target on RingCentral from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Finally, Mizuho lifted their price objective on RingCentral from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.04.

Institutional Trading of RingCentral

A number of institutional investors and hedge funds have recently made changes to their positions in RNG. Capital World Investors boosted its holdings in RingCentral by 20.9% in the third quarter. Capital World Investors now owns 11,735,991 shares of the software maker’s stock valued at $332,598,000 after acquiring an additional 2,031,861 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of RingCentral in the 3rd quarter valued at about $53,365,000. LSV Asset Management lifted 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 valued at $82,935,000 after purchasing an additional 1,686,900 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of 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 purchasing an additional 523,966 shares during the period. Finally, Russell Investments Group Ltd. increased its position in RingCentral by 138.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 811,747 shares of the software maker’s stock worth $23,113,000 after purchasing an additional 471,559 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

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.