Several brokerages have updated their recommendations and price targets on shares of RingCentral (NYSE: RNG) in the last few weeks:
- 7/24/2026 – RingCentral had its price target raised by Piper Sandler from $40.00 to $43.00. They now have a “neutral” rating on the stock.
- 7/24/2026 – RingCentral had its price target raised by Mizuho from $38.00 to $40.00. They now have a “neutral” rating on the stock.
- 7/24/2026 – RingCentral had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $50.00 price target on the stock.
- 7/20/2026 – RingCentral had its “buy” rating reaffirmed by Needham & Company LLC.
- 7/17/2026 – RingCentral had its “hold (c)” rating reaffirmed by Weiss Ratings.
RingCentral Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, August 6th. This is a positive change from RingCentral’s previous quarterly dividend of $0.07. RingCentral’s dividend payout ratio is currently 24.00%.
Insider Transactions at RingCentral
In related news, CFO Vaibhav Agarwal sold 7,047 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $46.17, for a total transaction of $325,359.99. Following the completion of the transaction, the chief financial officer directly owned 169,282 shares in the company, valued at $7,815,749.94. This represents a 4.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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, CAO Tarun Arora sold 3,615 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $43.00, for a total transaction of $155,445.00. Following the completion of the sale, the chief accounting officer directly owned 68,100 shares of the company’s stock, valued at approximately $2,928,300. This trade represents a 5.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last three months, insiders have sold 38,628 shares of company stock worth $1,656,201. Insiders own 7.30% of the company’s stock.
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.
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