RingCentral (NYSE:RNG) CAO Tarun Arora Sells 953 Shares

RingCentral, Inc. (NYSE:RNG) CAO Tarun Arora sold 953 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $43.00, for a total value of $40,979.00. Following the transaction, the chief accounting officer directly owned 74,539 shares in the company, valued at $3,205,177. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, March 10th, Tarun Arora sold 8,840 shares of RingCentral stock. The stock was sold at an average price of $40.69, for a total value of $359,699.60.
• On Tuesday, March 3rd, Tarun Arora sold 3,723 shares of RingCentral stock. The stock was 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 transaction of $26,900.40.

RingCentral Stock Performance

Shares of RNG stock opened at $41.49 on Thursday. The firm’s 50-day moving average is $36.89 and its 200-day moving average is $31.19. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 86.44, a PEG ratio of 1.58 and a beta of 1.14. RingCentral, Inc. has a 52-week low of $23.46 and a 52-week high of $43.83.

RingCentral (NYSE:RNG) last issued its earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $644.03 million for the quarter, compared to analysts’ expectations of $643.52 million. RingCentral had a net margin of 1.73% and a negative return on equity of 28.14%. RingCentral’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Sell-side analysts predict that RingCentral, Inc. will post 2.68 EPS for the current fiscal year.

RingCentral Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 9th. RingCentral’s dividend payout ratio is presently 62.50%.

Institutional Investors Weigh In On RingCentral

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of RingCentral by 1.1% during the third quarter. Vanguard Group Inc. now owns 11,823,636 shares of the software maker’s stock worth $335,082,000 after acquiring an additional 129,444 shares during the period. Capital World Investors boosted its holdings in shares of RingCentral by 20.9% during the third quarter. Capital World Investors now owns 11,735,991 shares of the software maker’s stock worth $332,598,000 after acquiring an additional 2,031,861 shares during the period. LSV Asset Management grew its stake in shares of RingCentral by 142.4% in the fourth quarter. LSV Asset Management now owns 2,871,700 shares of the software maker’s stock valued at $82,935,000 after acquiring an additional 1,686,900 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of RingCentral by 35.4% in the fourth quarter. AQR Capital Management LLC now owns 2,003,950 shares of the software maker’s stock valued at $57,874,000 after acquiring an additional 523,966 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of RingCentral in the third quarter valued at about $53,365,000. Institutional investors own 98.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Robert W. Baird raised their price target on RingCentral from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, February 23rd. Needham & Company LLC raised their price target on RingCentral from $36.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 13th. Piper Sandler raised 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. Oppenheimer reaffirmed an “outperform” rating on shares of RingCentral in a report on Friday, February 20th. Finally, Zacks Research raised RingCentral from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.63.

RingCentral Company 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.