RingCentral (NYSE:RNG) COO Sells $780,189.40 in Stock

RingCentral, Inc. (NYSE:RNG) COO Kira Makagon sold 22,196 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $35.15, for a total value of $780,189.40. Following the transaction, the chief operating officer owned 339,545 shares in the company, valued at approximately $11,935,006.75. The trade was a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kira Makagon also recently made the following trade(s):

• On Friday, February 20th, Kira Makagon sold 46,960 shares of RingCentral stock. The shares were sold at an average price of $35.49, for a total value of $1,666,610.40.
• 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 transaction of $189,783.90.

RingCentral Stock Performance

Shares of NYSE RNG traded down $0.88 during mid-day trading on Friday, hitting $36.26. The stock had a trading volume of 3,328,981 shares, compared to its average volume of 4,083,173. The business has a 50 day moving average price of $28.98 and a two-hundred day moving average price of $29.14. RingCentral, Inc. has a 1 year low of $20.58 and a 1 year high of $40.64. The firm has a market cap of $3.14 billion, a P/E ratio of 75.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.23.

RingCentral (NYSE:RNG) last released its quarterly earnings data on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $644.03 million for the quarter, compared to analysts’ expectations of $643.52 million. RingCentral had a net margin of 1.73% and a negative return on equity of 29.05%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 earnings per share. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Equities research analysts predict that RingCentral, Inc. will post 1.29 EPS for the current fiscal year.

RingCentral Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be given 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 yield of 0.8%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. DGS Capital Management LLC bought a new stake in RingCentral during the fourth quarter worth about $239,000. Kera Capital Partners Inc. lifted its holdings in shares of RingCentral by 75.5% during the fourth quarter. Kera Capital Partners Inc. now owns 16,633 shares of the software maker’s stock valued at $480,000 after purchasing an additional 7,153 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of RingCentral by 43.3% during the fourth quarter. Invesco Ltd. now owns 218,456 shares of the software maker’s stock valued at $6,309,000 after purchasing an additional 65,975 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of RingCentral by 928.0% in the 4th quarter. Corient Private Wealth LLC now owns 86,537 shares of the software maker’s stock worth $2,499,000 after purchasing an additional 78,119 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of RingCentral by 108.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,737 shares of the software maker’s stock worth $599,000 after buying an additional 10,765 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RNG has been the subject of a number of recent analyst reports. Rosenblatt Securities upped their target price on RingCentral from $32.00 to $37.50 and gave the company a “buy” rating in a report on Friday, February 20th. UBS Group set a $38.00 price objective on shares of RingCentral in a report on Friday, February 20th. Zacks Research cut shares of RingCentral from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Piper Sandler boosted their price target on shares of RingCentral from $28.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Oppenheimer restated an “outperform” rating on shares of RingCentral in a report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.