Dynamic Technology Lab Private Ltd Purchases New Shares in RingCentral, Inc. $RNG

Dynamic Technology Lab Private Ltd purchased a new position in shares of RingCentral, Inc. (NYSE:RNG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,742 shares of the software maker’s stock, valued at approximately $843,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of RingCentral by 9.0% during the first quarter. Empowered Funds LLC now owns 11,417 shares of the software maker’s stock valued at $283,000 after acquiring an additional 940 shares in the last quarter. Woodline Partners LP lifted its stake in shares of RingCentral by 14.8% in the first quarter. Woodline Partners LP now owns 159,474 shares of the software maker’s stock worth $3,949,000 after acquiring an additional 20,518 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in RingCentral by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,190 shares of the software maker’s stock valued at $6,467,000 after purchasing an additional 5,398 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in RingCentral by 11.2% in the second quarter. Envestnet Asset Management Inc. now owns 29,033 shares of the software maker’s stock valued at $823,000 after purchasing an additional 2,923 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in RingCentral by 4.2% during the 2nd quarter. Bank of Montreal Can now owns 61,525 shares of the software maker’s stock valued at $1,744,000 after purchasing an additional 2,485 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Rosenblatt Securities lifted their price objective on RingCentral from $32.00 to $37.50 and gave the stock a “buy” rating in a report on Friday, February 20th. Robert W. Baird increased their target price on RingCentral from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. Weiss Ratings raised shares of RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Piper Sandler lifted their price target on shares of RingCentral from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Finally, Zacks Research raised shares of RingCentral from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.04.

Insider Buying and Selling at RingCentral

In related news, COO Kira Makagon sold 22,196 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $35.15, for a total transaction of $780,189.40. Following the completion of the sale, the chief operating officer owned 339,545 shares of the company’s stock, valued at $11,935,006.75. This represents a 6.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tarun Arora sold 3,723 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $36.14, for a total transaction of $134,549.22. Following the sale, the chief accounting officer owned 84,332 shares in the company, valued at approximately $3,047,758.48. This trade represents a 4.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 250,686 shares of company stock valued at $8,865,429 over the last three months. 7.30% of the stock is currently owned by company insiders.

RingCentral Stock Down 0.4%

Shares of NYSE RNG opened at $41.86 on Tuesday. The stock’s 50 day moving average price is $30.17 and its two-hundred day moving average price is $29.53. RingCentral, Inc. has a 52-week low of $20.58 and a 52-week high of $42.42. The stock has a market capitalization of $3.62 billion, a P/E ratio of 87.21, a PEG ratio of 1.66 and a beta of 1.14.

RingCentral (NYSE:RNG) last issued its earnings results on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $644.03 million during the quarter, compared to analyst estimates of $643.52 million. RingCentral had a negative return on equity of 28.14% and a net margin of 1.73%.The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. 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, analysts anticipate that RingCentral, Inc. will post 1.29 EPS for the current year.

RingCentral Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.075 per share. The ex-dividend date is Monday, March 9th. This represents a $0.30 annualized dividend and a yield of 0.7%.

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.