Insider Selling: RingCentral (NYSE:RNG) CFO Sells $381,412.00 in Stock

RingCentral, Inc. (NYSE:RNG) CFO Vaibhav Agarwal sold 10,744 shares of RingCentral stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $35.50, for a total value of $381,412.00. Following the completion of the transaction, the chief financial officer owned 176,621 shares of the company’s stock, valued at approximately $6,270,045.50. This represents a 5.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

RingCentral Price Performance

Shares of RNG stock opened at $37.15 on Friday. The company has a market cap of $3.22 billion, a PE ratio of 77.40, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23. RingCentral, Inc. has a 1 year low of $20.58 and a 1 year high of $40.64. The stock’s 50 day simple moving average is $28.85 and its two-hundred day simple moving average is $29.07.

RingCentral (NYSE:RNG) last announced its earnings results on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. RingCentral had a negative return on equity of 29.05% and a net margin of 1.73%.The firm had revenue of $644.03 million during the quarter, compared to analysts’ expectations of $643.52 million. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. 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 expect that RingCentral, Inc. will post 1.29 EPS for the current year.

RingCentral Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.30 annualized dividend and a dividend yield of 0.8%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RNG. Global Retirement Partners LLC lifted its holdings in shares of RingCentral by 98.5% in the 3rd quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock worth $26,000 after buying an additional 447 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of RingCentral by 269.3% in the fourth 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. Harvest Fund Management Co. Ltd purchased a new stake in RingCentral in the third quarter worth about $30,000. Jones Financial Companies Lllp grew its holdings in RingCentral by 61.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock worth $37,000 after acquiring an additional 464 shares in the last quarter. Finally, Covestor Ltd increased its position in RingCentral by 198.5% during the 4th quarter. Covestor Ltd now owns 1,594 shares of the software maker’s stock valued at $46,000 after purchasing an additional 1,060 shares during the period. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on RNG shares. Robert W. Baird increased their price objective on shares of RingCentral from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday. Piper Sandler upped their target price on RingCentral from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Monday. Mizuho increased their price target on RingCentral from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Morgan Stanley boosted their price objective on RingCentral from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of RingCentral in a research report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.04.

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.