RingCentral (NYSE:RNG) COO Kira Makagon Sells 22,196 Shares of Stock

RingCentral, Inc. (NYSE:RNG) COO Kira Makagon sold 22,196 shares of RingCentral stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $35.15, for a total value of $780,189.40. Following the completion of the sale, the chief operating officer directly owned 339,545 shares in the company, valued at approximately $11,935,006.75. This represents a 6.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kira Makagon also recently made the following trade(s):

• On Friday, February 20th, Kira Makagon sold 46,960 shares of RingCentral stock. The stock was sold at an average price of $35.49, for a total value of $1,666,610.40.
• On Friday, December 26th, Kira Makagon sold 6,495 shares of RingCentral stock. The stock was sold at an average price of $29.22, for a total transaction of $189,783.90.

RingCentral Stock Down 2.4%

Shares of RNG stock opened at $36.26 on Friday. The firm has a market cap of $3.14 billion, a PE ratio of 75.54, a P/E/G ratio of 1.47 and a beta of 1.23. RingCentral, Inc. has a 12 month low of $20.58 and a 12 month high of $40.64. The company’s fifty day simple moving average is $28.98 and its 200-day simple moving average is $29.14.

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

RingCentral Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.30 annualized dividend and a yield of 0.8%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Mizuho upped their price objective on RingCentral from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Robert W. Baird lifted their price objective on shares of RingCentral from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday. Oppenheimer reaffirmed an “outperform” rating on shares of RingCentral in a report on Friday, February 20th. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price target on shares of RingCentral in a report on Tuesday, November 4th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of RingCentral in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.04.

Institutional Trading of RingCentral

Several institutional investors have recently added to or reduced their stakes in the company. DGS Capital Management LLC bought a new position in RingCentral during the 4th quarter worth $239,000. Kera Capital Partners Inc. grew its stake in shares of RingCentral by 75.5% in the fourth quarter. Kera Capital Partners Inc. now owns 16,633 shares of the software maker’s stock valued at $480,000 after acquiring an additional 7,153 shares in the last quarter. Invesco Ltd. grew its stake in shares of RingCentral by 43.3% in the fourth quarter. Invesco Ltd. now owns 218,456 shares of the software maker’s stock valued at $6,309,000 after acquiring an additional 65,975 shares in the last quarter. Corient Private Wealth LLC increased its position in RingCentral by 928.0% during the fourth quarter. Corient Private Wealth LLC now owns 86,537 shares of the software maker’s stock worth $2,499,000 after acquiring an additional 78,119 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in RingCentral by 108.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,737 shares of the software maker’s stock worth $599,000 after purchasing an additional 10,765 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

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.