RingCentral (NYSE:RNG) CFO Sells $678,644.40 in Stock

RingCentral, Inc. (NYSE:RNG) CFO Vaibhav Agarwal sold 18,680 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $36.33, for a total transaction of $678,644.40. Following the sale, the chief financial officer owned 139,493 shares of the company’s stock, valued at $5,067,780.69. This trade represents a 11.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Vaibhav Agarwal also recently made the following trade(s):

• On Monday, February 23rd, Vaibhav Agarwal sold 10,744 shares of RingCentral stock. The stock was sold at an average price of $35.50, for a total transaction of $381,412.00.

RingCentral Price Performance

Shares of RingCentral stock opened at $39.71 on Friday. RingCentral, Inc. has a 1-year low of $20.58 and a 1-year high of $40.93. The company’s fifty day simple moving average is $29.68 and its 200-day simple moving average is $29.37. The stock has a market capitalization of $3.44 billion, a PE ratio of 82.73, a P/E/G ratio of 1.54 and a beta of 1.14.

RingCentral (NYSE:RNG) last announced its earnings results on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. RingCentral had a negative return on equity of 28.14% and a net margin of 1.73%.The company had revenue of $644.03 million for the quarter, compared to analysts’ expectations of $643.52 million. During the same period last year, the firm earned $0.98 EPS. RingCentral’s revenue for the quarter was up 4.8% compared to the same quarter last year. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. As a group, research analysts anticipate that RingCentral, Inc. will post 1.29 EPS for the current year.

RingCentral Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 9th.

Institutional Investors Weigh In On RingCentral

Large investors have recently made changes to their positions in the company. Rothschild Investment LLC boosted its stake in RingCentral by 15.8% during the fourth quarter. Rothschild Investment LLC now owns 2,681 shares of the software maker’s stock valued at $77,000 after buying an additional 366 shares during the last quarter. Amalgamated Bank grew its holdings in shares of RingCentral by 6.9% in the third quarter. Amalgamated Bank now owns 6,512 shares of the software maker’s stock valued at $185,000 after purchasing an additional 418 shares in the last quarter. Global Retirement Partners LLC increased its position in RingCentral by 98.5% in the third quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock worth $26,000 after purchasing an additional 447 shares during the last quarter. Jones Financial Companies Lllp raised its stake in RingCentral by 61.6% during the third quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock valued at $37,000 after purchasing an additional 464 shares in the last quarter. Finally, Xponance LLC lifted its position in RingCentral by 4.0% during the fourth quarter. Xponance LLC now owns 12,059 shares of the software maker’s stock valued at $348,000 after purchasing an additional 464 shares during the last quarter. 98.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of RingCentral from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Weiss Ratings raised shares of RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Oppenheimer reiterated an “outperform” rating on shares of RingCentral in a research note on Friday, February 20th. Robert W. Baird boosted their price objective on RingCentral from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, February 23rd. Finally, Piper Sandler upped their price objective on RingCentral from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company 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.