RingCentral (NYSE:RNG) CEO Vladimir Shmunis Sells 15,556 Shares

RingCentral, Inc. (NYSE:RNG) CEO Vladimir Shmunis sold 15,556 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $71.78, for a total transaction of $1,116,609.68. Following the sale, the chief executive officer directly owned 190,271 shares of the company’s stock, valued at $13,657,652.38. This represents a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.

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

• On Thursday, September 3rd, Vladimir Shmunis sold 11,165 shares of RingCentral stock. The stock was sold at an average price of $76.58, for a total transaction of $855,015.70.

RingCentral Stock Performance

RingCentral stock traded up $3.82 during trading hours on Thursday, hitting $76.40. The company had a trading volume of 1,696,921 shares, compared to its average volume of 2,076,045. The firm has a market cap of $6.38 billion, a P/E ratio of 61.12, a P/E/G ratio of 1.22 and a beta of 1.14. RingCentral, Inc. has a 1 year low of $24.14 and a 1 year high of $77.95. The company has a 50-day moving average price of $53.33 and a two-hundred day moving average price of $44.00.

RingCentral (NYSE:RNG) last issued its earnings results on Thursday, July 23rd. The software maker reported $1.22 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 period last year, the company posted $1.06 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. 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 anticipate that RingCentral, Inc. will post 2.89 EPS for the current year.

RingCentral Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, August 6th. This is an increase from RingCentral’s previous quarterly dividend of $0.07. RingCentral’s dividend payout ratio (DPR) is 40.00%.

Institutional Trading of RingCentral

Hedge funds have recently bought and sold shares of the stock. WealthCollab LLC boosted its position in RingCentral by 59.7% during the 1st quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock valued at $26,000 after acquiring an additional 259 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of RingCentral by 127.3% in the 1st quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker’s stock worth $27,000 after acquiring an additional 410 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of RingCentral by 269.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock worth $29,000 after acquiring an additional 738 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of RingCentral by 70.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock worth $30,000 after purchasing an additional 424 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of RingCentral during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Analysts Set New Price Targets

RNG has been the subject of several research reports. Jefferies Financial Group reiterated a “hold” rating and issued a $40.00 target price on shares of RingCentral in a report on Saturday, May 9th. Needham & Company LLC raised their price target on RingCentral from $55.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Wells Fargo & Company lifted their price objective on RingCentral from $43.00 to $65.00 and gave the company an “equal weight” rating in a report on Tuesday, August 25th. Piper Sandler upped their price objective on shares of RingCentral from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Oppenheimer increased their target price on shares of RingCentral from $50.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $56.00.

RingCentral News Roundup

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RBC Capital Markets began coverage of RingCentral with an Outperform rating, providing a new bullish catalyst for the stock. RingCentral Jumps 5.7% After RBC Capital Initiates at Outperform
• Positive Sentiment: RBC said RingCentral appears less susceptible to AI displacement risks than the market currently assumes, suggesting the company’s communications software and enterprise customer relationships may remain defensible as AI adoption accelerates. RingCentral Less Susceptible to AI Displacement Risks than Market Fears, RBC Says
• Positive Sentiment: The stock reached a new 52-week high, indicating strong recent momentum and investor follow-through after the bullish analyst coverage. RingCentral Hits New 52-Week High
• Neutral Sentiment: CEO Vladimir Shmunis, CFO Vaibhav Agarwal and Chief Accounting Officer Tarun Arora reported stock sales totaling approximately $2.55 million. Each transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards, reducing the likelihood that the sales reflect negative views of RingCentral’s outlook.

RingCentral Company Profile

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.