RingCentral (NYSE:RNG) CEO Sells $3,410,625.29 in Stock

RingCentral, Inc. (NYSE:RNG) CEO Vladimir Shmunis sold 95,831 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $35.59, for a total transaction of $3,410,625.29. Following the completion of the sale, the chief executive officer directly owned 126,685 shares in the company, valued at $4,508,719.15. This represents a 43.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, February 23rd, Vladimir Shmunis sold 45,284 shares of RingCentral stock. The stock was sold at an average price of $35.26, for a total transaction of $1,596,713.84.

RingCentral Stock Up 7.7%

Shares of NYSE RNG opened at $37.15 on Friday. The stock has a market capitalization of $3.22 billion, a PE ratio of 77.40, a P/E/G ratio of 1.37 and a beta of 1.23. The firm has a fifty day moving average of $28.85 and a 200-day moving average of $29.07. RingCentral, Inc. has a 52-week low of $20.58 and a 52-week high of $40.64.

RingCentral (NYSE:RNG) last issued its earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. RingCentral had a negative return on equity of 29.05% and a net margin of 1.73%.The firm had revenue of $644.03 million for the quarter, compared to analysts’ expectations of $643.52 million. During the same quarter last year, the firm earned $0.98 earnings per share. The firm’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. Equities research analysts expect that RingCentral, Inc. will post 1.29 EPS for the current fiscal year.

RingCentral Announces Dividend

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

Wall Street Analysts Forecast Growth

RNG has been the topic of several recent research reports. Rosenblatt Securities lifted their target price on shares of RingCentral from $32.00 to $37.50 and gave the company a “buy” rating in a report on Friday, February 20th. Mizuho raised their price objective on RingCentral from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 target price on shares of RingCentral in a research report on Tuesday, November 4th. Zacks Research lowered RingCentral from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. Finally, UBS Group set a $38.00 price target on RingCentral in a research report on Friday, February 20th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC increased its holdings in RingCentral by 98.5% during the 3rd 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. EverSource Wealth Advisors LLC increased its stake in shares of RingCentral by 269.3% in the fourth 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 last quarter. Harvest Fund Management Co. Ltd acquired a new stake in RingCentral in the third quarter valued at $30,000. Jones Financial Companies Lllp boosted its stake in RingCentral by 61.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock valued at $37,000 after acquiring an additional 464 shares during the last quarter. Finally, Covestor Ltd grew its holdings in RingCentral by 198.5% during the 4th quarter. Covestor Ltd now owns 1,594 shares of the software maker’s stock worth $46,000 after acquiring an additional 1,060 shares in the last quarter. Hedge funds and other institutional investors 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.