Ringcentral, Inc. (NYSE:RNG) CEO Vladimir Shmunis sold 73,000 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $36.87, for a total transaction of $2,691,510.00. Following the completion of the sale, the chief executive officer now directly owns 355,041 shares of the company’s stock, valued at $13,090,361.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, June 13th, Vladimir Shmunis sold 86,000 shares of Ringcentral stock. The shares were sold at an average price of $35.84, for a total transaction of $3,082,240.00.
  • On Tuesday, May 23rd, Vladimir Shmunis sold 5,000 shares of Ringcentral stock. The shares were sold at an average price of $34.06, for a total transaction of $170,300.00.
  • On Monday, May 22nd, Vladimir Shmunis sold 37,238 shares of Ringcentral stock. The shares were sold at an average price of $34.21, for a total transaction of $1,273,911.98.
  • On Wednesday, May 24th, Vladimir Shmunis sold 88,454 shares of Ringcentral stock. The shares were sold at an average price of $34.17, for a total transaction of $3,022,473.18.

Ringcentral, Inc. (RNG) opened at 36.40 on Monday. The firm’s market capitalization is $2.74 billion. The stock’s 50 day moving average is $35.28 and its 200-day moving average is $28.12. Ringcentral, Inc. has a 52 week low of $19.35 and a 52 week high of $39.00.

Ringcentral (NYSE:RNG) last announced its quarterly earnings data on Tuesday, April 25th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.09). The company had revenue of $111.80 million for the quarter, compared to analysts’ expectations of $110.35 million. Ringcentral had a negative net margin of 7.41% and a negative return on equity of 20.12%. The business’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS. On average, equities research analysts expect that Ringcentral, Inc. will post $0.16 EPS for the current year.

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A number of equities research analysts have recently commented on RNG shares. Dougherty & Co started coverage on shares of Ringcentral in a report on Wednesday, April 26th. They issued a “buy” rating and a $36.00 target price for the company. Morgan Stanley raised shares of Ringcentral from an “equal weight” rating to an “overweight” rating and set a $33.00 target price for the company in a report on Tuesday, April 11th. CIBC upped their target price on shares of Ringcentral from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, April 7th. Jefferies Group LLC boosted their price target on shares of Ringcentral from $32.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, William Blair reiterated an “outperform” rating on shares of Ringcentral in a research note on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $36.80.

Several institutional investors have recently made changes to their positions in RNG. State Board of Administration of Florida Retirement System boosted its position in shares of Ringcentral by 0.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 20,258 shares of the software maker’s stock valued at $417,000 after buying an additional 140 shares in the last quarter. Engineers Gate Manager LP boosted its position in shares of Ringcentral by 2.3% in the first quarter. Engineers Gate Manager LP now owns 67,382 shares of the software maker’s stock valued at $1,907,000 after buying an additional 1,525 shares in the last quarter. American International Group Inc. boosted its position in shares of Ringcentral by 7.0% in the first quarter. American International Group Inc. now owns 36,077 shares of the software maker’s stock valued at $1,021,000 after buying an additional 2,367 shares in the last quarter. Coe Capital Management LLC boosted its position in shares of Ringcentral by 7.9% in the first quarter. Coe Capital Management LLC now owns 37,705 shares of the software maker’s stock valued at $1,067,000 after buying an additional 2,745 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Ringcentral by 2.2% in the fourth quarter. Macquarie Group Ltd. now owns 151,000 shares of the software maker’s stock valued at $3,111,000 after buying an additional 3,200 shares in the last quarter. 72.03% of the stock is currently owned by institutional investors.

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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