Insider Selling: RingCentral (NYSE:RNG) CEO Sells $1,116,609.68 in Stock

RingCentral, Inc. (NYSE:RNG) CEO Vladimir Shmunis sold 15,556 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $71.78, for a total value of $1,116,609.68. Following the completion of the sale, the chief executive officer directly owned 190,271 shares in the company, valued at approximately $13,657,652.38. This represents a 7.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.

Vladimir Shmunis also recently made the following trade(s):

• On Thursday, September 3rd, Vladimir Shmunis sold 11,165 shares of RingCentral stock. The stock was sold at an average price of $76.58, for a total value of $855,015.70.

RingCentral Stock Performance

Shares of NYSE RNG opened at $73.32 on Friday. The stock has a market cap of $6.12 billion, a PE ratio of 58.66, a PEG ratio of 1.27 and a beta of 1.14. The business has a fifty day moving average of $54.89 and a two-hundred day moving average of $44.53. RingCentral, Inc. has a 52-week low of $24.14 and a 52-week high of $77.95.

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

RingCentral Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.125 per share. This is a positive change from RingCentral’s previous quarterly dividend of $0.07. This represents a $0.50 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 6th. RingCentral’s payout ratio is currently 40.00%.

RingCentral News Roundup

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.

Wall Street Analysts Forecast Growth

RNG has been the subject of a number of research analyst reports. Royal Bank Of Canada started coverage on shares of RingCentral in a research note on Thursday. They issued an “outperform” rating and a $85.00 target price for the company. Oppenheimer increased their price target on RingCentral from $50.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 price target on shares of RingCentral in a report on Saturday, May 9th. Piper Sandler boosted their price objective on RingCentral from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Wells Fargo & Company increased their target price on RingCentral from $43.00 to $65.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 25th. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $56.00.

Institutional Trading of RingCentral

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. WealthCollab LLC raised its holdings in RingCentral by 59.7% during the 1st quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock worth $26,000 after purchasing an additional 259 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of RingCentral by 127.3% in the 1st quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker’s stock valued at $27,000 after purchasing an additional 410 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of RingCentral by 269.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock worth $29,000 after buying an additional 738 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of RingCentral by 70.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock worth $30,000 after buying an additional 424 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of RingCentral during the third quarter worth approximately $30,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

RingCentral Company 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.