RingCentral (NYSE:RNG) COO Kira Makagon Sells 46,960 Shares of Stock

RingCentral, Inc. (NYSE:RNG) COO Kira Makagon sold 46,960 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $35.49, for a total transaction of $1,666,610.40. Following the completion of the sale, the chief operating officer owned 369,524 shares of the company’s stock, valued at $13,114,406.76. This trade represents a 11.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $28.11, for a total value of $415,971.78.

RingCentral Stock Up 2.2%

NYSE RNG opened at $35.33 on Wednesday. The firm has a market capitalization of $3.06 billion, a PE ratio of 73.60, a P/E/G ratio of 1.39 and a beta of 1.23. The stock’s 50 day moving average is $28.60 and its 200 day moving average is $28.98. RingCentral, Inc. has a twelve month low of $20.58 and a twelve month high of $40.64.

RingCentral (NYSE:RNG) last announced its quarterly earnings data on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. RingCentral had a negative return on equity of 29.05% and a net margin of 1.73%.The business had revenue of $644.03 million during the quarter, compared to analyst estimates of $643.52 million. During the same quarter last year, the firm posted $0.98 earnings per share. The company’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, research analysts anticipate that RingCentral, Inc. will post 1.29 earnings per share for the current year.

RingCentral Announces Dividend

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

More RingCentral News

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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RNG. Capital World Investors boosted its position in shares of RingCentral by 20.9% during the third quarter. Capital World Investors now owns 11,735,991 shares of the software maker’s stock valued at $332,598,000 after buying an additional 2,031,861 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in RingCentral during the 3rd quarter valued at about $53,365,000. LSV Asset Management boosted its holdings in shares of RingCentral by 142.4% during the 4th quarter. LSV Asset Management now owns 2,871,700 shares of the software maker’s stock valued at $82,935,000 after acquiring an additional 1,686,900 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of RingCentral by 35.4% in the fourth quarter. AQR Capital Management LLC now owns 2,003,950 shares of the software maker’s stock worth $57,874,000 after acquiring an additional 523,966 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of RingCentral by 138.6% in the third quarter. Russell Investments Group Ltd. now owns 811,747 shares of the software maker’s stock worth $23,113,000 after acquiring an additional 471,559 shares during the period. 98.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RNG has been the topic of a number of analyst reports. Mizuho boosted their price target on RingCentral from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday. Weiss Ratings reissued 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 note on Tuesday, February 3rd. Robert W. Baird lifted their price target on RingCentral from $30.00 to $34.00 and gave the stock 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 issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.