Dynamic Technology Lab Private Ltd Invests $843,000 in RingCentral, Inc. $RNG

Dynamic Technology Lab Private Ltd purchased a new position in RingCentral, Inc. (NYSE:RNG) during the 3rd quarter, HoldingsChannel reports. The firm 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 RNG. Global Retirement Partners LLC lifted its stake in RingCentral by 98.5% in the third quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock valued at $26,000 after buying an additional 447 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of RingCentral by 61.6% during the third quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock worth $37,000 after acquiring an additional 464 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of RingCentral by 103.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,823 shares of the software maker’s stock worth $52,000 after acquiring an additional 925 shares during the period. Rothschild Investment LLC acquired a new stake in shares of RingCentral in the 3rd quarter worth about $66,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in RingCentral in the 3rd quarter valued at about $68,000. 98.61% of the stock is currently owned by institutional investors.

RingCentral Trading Down 0.4%

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

RingCentral (NYSE:RNG) last issued its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 1.73% and a negative return on equity of 28.14%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Research analysts expect that RingCentral, Inc. will post 1.29 earnings per share for the current fiscal year.

RingCentral Dividend Announcement

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

Insider Transactions at RingCentral

In other news, CFO Vaibhav Agarwal sold 18,680 shares of RingCentral stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $36.33, for a total transaction of $678,644.40. Following the transaction, the chief financial officer directly owned 139,493 shares in the company, valued at approximately $5,067,780.69. This trade represents a 11.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kira Makagon sold 46,960 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $35.49, for a total value of $1,666,610.40. Following the completion of the sale, the chief operating officer directly owned 369,524 shares in the company, valued at $13,114,406.76. This represents a 11.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 250,686 shares of company stock valued at $8,865,429. Company insiders own 7.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RNG shares. Weiss Ratings raised shares of RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Piper Sandler lifted their price target on RingCentral from $28.00 to $37.00 and gave the company a “neutral” rating in a report on Monday, February 23rd. UBS Group set a $38.00 price objective on RingCentral in a research report on Friday, February 20th. Oppenheimer reissued an “outperform” rating on shares of RingCentral in a report on Friday, February 20th. Finally, Zacks Research upgraded RingCentral from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, RingCentral has a consensus rating of “Hold” and an average target price of $34.04.

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.