RingCentral (NYSE:RNG) CAO Tarun Arora Sells 773 Shares

RingCentral, Inc. (NYSE:RNG) CAO Tarun Arora sold 773 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $34.80, for a total value of $26,900.40. Following the completion of the transaction, the chief accounting officer directly owned 96,179 shares of the company’s stock, valued at $3,347,029.20. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, December 1st, Tarun Arora sold 3,888 shares of RingCentral stock. The stock was sold at an average price of $28.70, for a total value of $111,585.60.

RingCentral Stock Down 2.4%

Shares of NYSE RNG opened at $36.26 on Friday. The company has a market cap of $3.14 billion, a P/E ratio of 75.54, a P/E/G ratio of 1.47 and a beta of 1.23. RingCentral, Inc. has a 52 week low of $20.58 and a 52 week high of $40.64. The business has a 50-day simple moving average of $28.98 and a two-hundred day simple moving average of $29.14.

RingCentral (NYSE:RNG) last announced its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $644.03 million for the quarter, compared to the consensus estimate of $643.52 million. RingCentral had a net margin of 1.73% and a negative return on equity of 29.05%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $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. Equities research analysts anticipate that RingCentral, Inc. will post 1.29 EPS for the current year.

RingCentral Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date is Monday, March 9th.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of RingCentral in a research note on Monday, December 29th. Zacks Research lowered RingCentral from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 target price on shares of RingCentral in a research note on Tuesday, November 4th. Robert W. Baird lifted their target price on shares of RingCentral from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday. Finally, UBS Group set a $38.00 price target on shares of RingCentral in a report on Friday, February 20th. Four investment 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 MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.04.

Institutional Investors Weigh In On RingCentral

Institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC grew its holdings in shares of RingCentral by 98.5% during the 3rd quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock valued at $26,000 after purchasing an additional 447 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in RingCentral by 269.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock valued at $29,000 after buying an additional 738 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of RingCentral during the third quarter valued at about $30,000. Jones Financial Companies Lllp increased its holdings in shares of RingCentral by 61.6% in the third quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock worth $37,000 after buying an additional 464 shares during the period. Finally, Covestor Ltd lifted its stake in shares of RingCentral by 198.5% in the 4th quarter. Covestor Ltd now owns 1,594 shares of the software maker’s stock valued at $46,000 after acquiring an additional 1,060 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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.