Insider Selling: RingCentral (NYSE:RNG) CEO Sells 11,165 Shares of Stock

by · The Markets Daily

RingCentral, Inc. (NYSE:RNG – Get Free Report) CEO Vladimir Shmunis sold 11,165 shares of RingCentral stock in a transaction that occurred on Thursday, September 3rd. The stock was 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 $13,715,937.48. This represents a 5.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

Vladimir Shmunis also recently made the following trade(s):

  • On Wednesday, September 2nd, Vladimir Shmunis sold 15,556 shares of RingCentral stock. The shares were sold at an average price of $71.78, for a total transaction of $1,116,609.68.

RingCentral Trading Up 5.3%

RNG stock traded up $3.82 on Thursday, hitting $76.40. The company had a trading volume of 1,696,921 shares, compared to its average volume of 2,076,045. The stock’s 50-day simple moving average is $53.33 and its 200 day simple moving average is $44.00. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 61.12, a P/E/G ratio of 1.22 and a beta of 1.14. RingCentral, Inc. has a 12-month low of $24.14 and a 12-month high of $77.95.

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

RingCentral Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were issued a $0.125 dividend. This is a positive change from RingCentral’s previous quarterly dividend of $0.07. This represents a $0.50 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 6th. RingCentral’s dividend payout ratio is currently 40.00%.

Analysts Set New Price Targets

RNG has been the subject of several research reports. Oppenheimer upped their price target on shares of RingCentral from $50.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday. Mizuho raised their price objective on shares of RingCentral from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $50.00 price target on shares of RingCentral in a research report on Friday, July 24th. Robert W. Baird set a $45.00 price target on shares of RingCentral in a research note on Friday, May 8th. Finally, Morgan Stanley upped their price objective on RingCentral from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.00.

Get Our Latest Analysis on RNG

Key Headlines Impacting RingCentral

Here are the key news stories impacting RingCentral this week:

  • Positive Sentiment: RBC Capital Markets began coverage of RingCentral with an Outperform rating, providing a new bullish catalyst for the stock. RingCentral Jumps 5.7% After RBC Capital Initiates at Outperform
  • Positive Sentiment: RBC said RingCentral appears less susceptible to AI displacement risks than the market currently assumes, suggesting the company’s communications software and enterprise customer relationships may remain defensible as AI adoption accelerates. RingCentral Less Susceptible to AI Displacement Risks than Market Fears, RBC Says
  • Positive Sentiment: The stock reached a new 52-week high, indicating strong recent momentum and investor follow-through after the bullish analyst coverage. RingCentral Hits New 52-Week High
  • Neutral Sentiment: CEO Vladimir Shmunis, CFO Vaibhav Agarwal and Chief Accounting Officer Tarun Arora reported stock sales totaling approximately $2.55 million. Each transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards, reducing the likelihood that the sales reflect negative views of RingCentral’s outlook.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. WealthCollab LLC lifted its stake in RingCentral by 59.7% in the 1st quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock worth $26,000 after purchasing an additional 259 shares in the last quarter. Versant Capital Management Inc increased its stake in RingCentral by 2.3% in the 2nd quarter. Versant Capital Management Inc now owns 11,521 shares of the software maker’s stock worth $449,000 after acquiring an additional 259 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of RingCentral by 3.1% in the first quarter. Pictet Asset Management Holding SA now owns 11,883 shares of the software maker’s stock valued at $442,000 after purchasing an additional 362 shares in the last quarter. Rothschild Investment LLC increased its position in RingCentral by 15.8% in the fourth quarter. Rothschild Investment LLC now owns 2,681 shares of the software maker’s stock worth $77,000 after purchasing an additional 366 shares during the last quarter. Finally, Sovereign Financial Group Inc. increased its position in RingCentral by 4.2% in the first quarter. Sovereign Financial Group Inc. now owns 10,170 shares of the software maker’s stock worth $378,000 after purchasing an additional 409 shares during the last quarter. 98.61% of the stock is currently owned by institutional investors.

About RingCentral

(Get Free Report)

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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