Proficio Capital Partners LLC Purchases Shares of 7,859 RingCentral, Inc. $RNG

Proficio Capital Partners LLC purchased a new position in RingCentral, Inc. (NYSE:RNG) during the 2nd quarter, Holdings Channel reports. The firm purchased 7,859 shares of the software maker’s stock, valued at approximately $306,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RNG. WealthCollab LLC raised its position in shares of RingCentral by 59.7% during the first quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock valued at $26,000 after buying an additional 259 shares during the last quarter. Meeder Asset Management Inc. increased its stake in RingCentral by 127.3% during the first quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker’s stock valued at $27,000 after acquiring an additional 410 shares during the period. EverSource Wealth Advisors LLC raised its holdings in RingCentral by 269.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock valued at $29,000 after acquiring an additional 738 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of RingCentral by 70.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock worth $30,000 after acquiring an additional 424 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of RingCentral in the 3rd quarter worth approximately $30,000. Institutional investors own 98.61% of the company’s stock.

Insider Activity

In other news, CEO Vladimir Shmunis sold 11,165 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $76.58, for a total transaction of $855,015.70. Following the completion of the sale, the chief executive officer owned 179,106 shares of the company’s stock, valued at approximately $13,715,937.48. This trade represents a 5.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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. Also, Director Robert Theis sold 2,530 shares of RingCentral stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $40.28, for a total transaction of $101,908.40. Following the completion of the transaction, the director owned 30,834 shares of the company’s stock, valued at $1,241,993.52. This trade represents a 7.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 46,799 shares of company stock valued at $3,248,018. Corporate insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RNG. Rosenblatt Securities restated a “buy” rating and set a $50.00 price objective on shares of RingCentral in a research report on Friday, July 24th. Wells Fargo & Company lifted their price target on shares of RingCentral from $43.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 25th. Mizuho boosted their price target on shares of RingCentral from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Oppenheimer increased their price objective on shares of RingCentral from $50.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Morgan Stanley raised their price objective on shares of RingCentral from $33.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, RingCentral has a consensus rating of “Hold” and a consensus price target of $56.00.

RingCentral Price Performance

Shares of RNG stock opened at $73.32 on Friday. The stock’s fifty day simple moving average is $54.89 and its 200 day simple moving average is $44.53. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 58.66, a P/E/G ratio of 1.32 and a beta of 1.14. RingCentral, Inc. has a one year low of $24.14 and a one year high of $77.95.

RingCentral (NYSE:RNG) last released its quarterly earnings data on Thursday, July 23rd. The software maker reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. The firm had revenue of $657.01 million during the quarter, compared to analyst estimates of $650.53 million. RingCentral had a negative return on equity of 34.49% and a net margin of 4.27%.The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.06 earnings per share. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. On average, research analysts anticipate that RingCentral, Inc. will post 2.89 earnings per share for the current year.

RingCentral Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.7%. This is a boost from RingCentral’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, August 6th. RingCentral’s dividend payout ratio (DPR) is presently 40.00%.

More RingCentral News

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.

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.