Ringcentral, Inc. (NYSE:RNG) CEO Vladimir Shmunis sold 48,666 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $47.12, for a total value of $2,293,141.92. Following the completion of the transaction, the chief executive officer now owns 355,041 shares in the company, valued at approximately $16,729,531.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vladimir Shmunis also recently made the following trade(s):

  • On Monday, November 20th, Vladimir Shmunis sold 6,000 shares of Ringcentral stock. The shares were sold at an average price of $48.23, for a total value of $289,380.00.
  • On Wednesday, November 22nd, Vladimir Shmunis sold 101,453 shares of Ringcentral stock. The stock was sold at an average price of $48.34, for a total value of $4,904,238.02.
  • On Wednesday, October 11th, Vladimir Shmunis sold 6,000 shares of Ringcentral stock. The stock was sold at an average price of $43.31, for a total value of $259,860.00.
  • On Tuesday, October 10th, Vladimir Shmunis sold 7,808 shares of Ringcentral stock. The stock was sold at an average price of $43.65, for a total value of $340,819.20.
  • On Thursday, October 12th, Vladimir Shmunis sold 73,000 shares of Ringcentral stock. The stock was sold at an average price of $43.43, for a total value of $3,170,390.00.
  • On Wednesday, September 13th, Vladimir Shmunis sold 73,000 shares of Ringcentral stock. The stock was sold at an average price of $42.25, for a total value of $3,084,250.00.

Ringcentral, Inc. (NYSE:RNG) opened at $46.60 on Wednesday. Ringcentral, Inc. has a 12 month low of $20.55 and a 12 month high of $49.95.

Ringcentral (NYSE:RNG) last released its earnings results on Wednesday, November 8th. The software maker reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. The business had revenue of $129.76 million for the quarter, compared to analysts’ expectations of $126.06 million. Ringcentral had a negative return on equity of 17.97% and a negative net margin of 5.80%. The firm’s revenue was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 earnings per share. research analysts expect that Ringcentral, Inc. will post -0.33 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in RNG. Aperio Group LLC grew its stake in shares of Ringcentral by 1.5% during the second quarter. Aperio Group LLC now owns 11,457 shares of the software maker’s stock valued at $419,000 after buying an additional 169 shares during the last quarter. Strs Ohio grew its stake in shares of Ringcentral by 62.4% during the second quarter. Strs Ohio now owns 33,300 shares of the software maker’s stock valued at $1,217,000 after buying an additional 12,800 shares during the last quarter. Sei Investments Co. grew its stake in shares of Ringcentral by 66.1% during the second quarter. Sei Investments Co. now owns 31,255 shares of the software maker’s stock valued at $1,142,000 after buying an additional 12,442 shares during the last quarter. TD Asset Management Inc. grew its stake in shares of Ringcentral by 11.2% during the second quarter. TD Asset Management Inc. now owns 19,827 shares of the software maker’s stock valued at $725,000 after buying an additional 2,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Ringcentral by 3.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 265,033 shares of the software maker’s stock valued at $9,687,000 after buying an additional 8,712 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on RNG. J P Morgan Chase & Co downgraded Ringcentral from an “overweight” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research report on Tuesday. Zacks Investment Research downgraded Ringcentral from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Craig Hallum restated a “buy” rating and set a $50.00 target price (up previously from $40.00) on shares of Ringcentral in a research report on Thursday, November 9th. Northland Securities reiterated a “buy” rating and issued a $46.00 price objective on shares of Ringcentral in a research report on Friday, November 10th. Finally, Oppenheimer increased their price objective on Ringcentral from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $45.14.

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Ringcentral Company Profile

RingCentral, Inc is a provider of software-as-a-service (SaaS) solutions for businesses to support modern communications. The Company’s cloud-based business communications solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones, and allow for communication across multiple channels, including high definition (HD) voice, video, short messaging service (SMS), messaging and collaboration, conferencing, online meetings, and fax.

Insider Buying and Selling by Quarter for Ringcentral (NYSE:RNG)

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