Insider Selling: RingCentral (NYSE:RNG) CAO Sells $359,699.60 in Stock

RingCentral, Inc. (NYSE:RNG) CAO Tarun Arora sold 8,840 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $40.69, for a total value of $359,699.60. Following the transaction, the chief accounting officer directly owned 75,492 shares in the company, valued at $3,071,769.48. The trade was a 10.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Tarun Arora also recently made the following trade(s):

• On Tuesday, March 3rd, Tarun Arora sold 3,723 shares of RingCentral stock. The shares were sold at an average price of $36.14, for a total value of $134,549.22.
• On Thursday, February 26th, Tarun Arora sold 773 shares of RingCentral stock. The shares were sold at an average price of $34.80, for a total value of $26,900.40.

RingCentral Price Performance

RNG stock opened at $37.76 on Friday. RingCentral, Inc. has a one year low of $20.58 and a one year high of $42.42. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 78.66, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The company has a fifty day moving average price of $30.99 and a two-hundred day moving average price of $29.77.

RingCentral (NYSE:RNG) last issued its quarterly earnings data on Thursday, February 19th. The software maker reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. The company had revenue of $644.03 million for 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 company’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 earnings per share. 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 anticipate that RingCentral, Inc. will post 1.29 EPS for the current fiscal year.

RingCentral Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 9th. RingCentral’s dividend payout ratio is currently 62.50%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RNG. Oppenheimer restated an “outperform” rating on shares of RingCentral in a report on Friday, February 20th. Rosenblatt Securities lifted their price target on RingCentral from $32.00 to $37.50 and gave the stock a “buy” rating in a report on Friday, February 20th. Piper Sandler boosted their price target on RingCentral from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. Zacks Research raised RingCentral from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Morgan Stanley increased their price objective on RingCentral from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, RingCentral presently has an average rating of “Hold” and an average price target of $35.63.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RNG. Rothschild Investment LLC boosted its stake in shares of RingCentral by 15.8% in the fourth quarter. Rothschild Investment LLC now owns 2,681 shares of the software maker’s stock valued at $77,000 after buying an additional 366 shares during the period. Amalgamated Bank grew its position in RingCentral by 6.9% during the third quarter. Amalgamated Bank now owns 6,512 shares of the software maker’s stock worth $185,000 after buying an additional 418 shares in the last quarter. Global Retirement Partners LLC increased its stake 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 acquiring an additional 447 shares during the period. Jones Financial Companies Lllp raised its holdings in RingCentral by 61.6% in 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 in the last quarter. Finally, Xponance LLC raised its holdings in RingCentral by 4.0% in the 4th quarter. Xponance LLC now owns 12,059 shares of the software maker’s stock valued at $348,000 after acquiring an additional 464 shares in the last quarter. 98.61% of the stock is 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.