Proficio Capital Partners LLC Invests $306,000 in RingCentral, Inc. $RNG

Proficio Capital Partners LLC acquired a new stake in shares of RingCentral, Inc. (NYSE:RNG) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,859 shares of the software maker’s stock, valued at approximately $306,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of RingCentral during the 1st quarter valued at $697,000. LSV Asset Management raised its holdings in shares of RingCentral by 142.4% during the fourth quarter. LSV Asset Management now owns 2,871,700 shares of the software maker’s stock worth $82,935,000 after acquiring an additional 1,686,900 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in RingCentral by 11.4% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,456,270 shares of the software maker’s stock valued at $42,057,000 after purchasing an additional 149,532 shares during the last quarter. Maryland State Retirement & Pension System purchased a new position in RingCentral in the first quarter valued at about $584,000. Finally, Insight Wealth Strategies LLC acquired a new position in RingCentral in the 2nd quarter worth about $6,636,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

Insider Transactions at RingCentral

In other RingCentral news, Director Amy Shenkan sold 1,265 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $40.59, for a total transaction of $51,346.35. Following the completion of the transaction, the director owned 29,372 shares of the company’s stock, valued at $1,192,209.48. The trade was a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Shmunis sold 15,556 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $71.78, for a total transaction of $1,116,609.68. Following the sale, the chief executive officer owned 190,271 shares of the company’s stock, valued at $13,657,652.38. This trade represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 46,799 shares of company stock worth $3,248,018. Corporate insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Royal Bank Of Canada began coverage on RingCentral in a report on Thursday. They set an “outperform” rating and a $85.00 price target for the company. Wells Fargo & Company raised their price objective on shares of RingCentral from $43.00 to $65.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 25th. Robert W. Baird set a $45.00 target price on shares of RingCentral in a research note on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of RingCentral in a research report on Friday, July 17th. Finally, Mizuho increased their price target on shares of RingCentral from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.00.

Key RingCentral News

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RBC Capital initiated coverage with an “outperform” rating and an $85 price target, implying meaningful upside from recent trading levels. RBC said RingCentral’s enterprise customer base, recurring-revenue model and communications platform may be less vulnerable to artificial-intelligence displacement than investors fear. RingCentral Jumps After RBC Capital Initiates at Outperform
• Positive Sentiment: The RBC view adds to recently favorable operating data: RingCentral exceeded quarterly EPS and revenue expectations, with EPS of $1.22 versus $1.16 expected and revenue of $657.0 million versus $650.5 million expected. Revenue grew 5.9% year over year, and management maintained fiscal 2026 EPS guidance of $4.96 to $5.10.
• Neutral Sentiment: CEO Vladimir Shmunis, CFO Vaibhav Agarwal and CAO Tarun Arora collectively sold approximately $2.55 million of shares. The transactions were made under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, reducing their significance as a signal of declining management confidence. Arora’s latest sale involved 954 shares valued at $73,458. RingCentral Insider Trading Alert
• Negative Sentiment: Profit-taking pressure may be increasing after the stock’s substantial advance toward its 52-week high. RingCentral’s valuation is elevated, with a reported P/E ratio above 60, while the broader analyst consensus remains “Hold” with an average price target of $56—well below recent trading levels. This leaves the shares sensitive to any slowdown in growth or disappointment in future guidance.

RingCentral Stock Performance

Shares of RNG stock opened at $73.32 on Friday. The stock’s 50 day simple moving average is $54.89 and its 200 day simple moving average is $44.53. RingCentral, Inc. has a twelve month low of $24.14 and a twelve month high of $77.95. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 58.66, a PEG ratio of 1.32 and a beta of 1.14.

RingCentral (NYSE:RNG) last announced its earnings results on Thursday, July 23rd. The software maker reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. RingCentral had a negative return on equity of 34.49% and a net margin of 4.27%.The firm had revenue of $657.01 million during the quarter, compared to analysts’ expectations of $650.53 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. On average, analysts forecast that RingCentral, Inc. will post 2.89 EPS for the current fiscal year.

RingCentral Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, August 6th. This is a boost from RingCentral’s previous quarterly dividend of $0.07. RingCentral’s dividend payout ratio (DPR) is 40.00%.

RingCentral Profile

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.