Tarun Arora Sells 3,723 Shares of RingCentral (NYSE:RNG) Stock

RingCentral, Inc. (NYSE:RNG) CAO Tarun Arora sold 3,723 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $36.14, for a total transaction of $134,549.22. Following the transaction, the chief accounting officer owned 84,332 shares in the company, valued at $3,047,758.48. This trade represents a 4.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, February 26th, Tarun Arora sold 773 shares of RingCentral stock. The stock was sold at an average price of $34.80, for a total transaction of $26,900.40.

RingCentral Trading Up 6.7%

RNG stock opened at $39.29 on Thursday. The stock has a market cap of $3.40 billion, a PE ratio of 81.86, a P/E/G ratio of 1.45 and a beta of 1.14. RingCentral, Inc. has a 12 month low of $20.58 and a 12 month high of $40.64. The company has a 50-day moving average price of $29.47 and a 200 day moving average price of $29.29.

RingCentral (NYSE:RNG) last announced its quarterly earnings data on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. RingCentral had a net margin of 1.73% and a negative return on equity of 28.14%. The business had revenue of $644.03 million during the quarter, compared to the consensus estimate of $643.52 million. During the same quarter last year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. 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 forecast that RingCentral, Inc. will post 1.29 EPS for the current year.

RingCentral Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be issued a dividend of $0.075 per share. The ex-dividend date is Monday, March 9th. This represents a $0.30 dividend on an annualized basis and a yield of 0.8%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of RingCentral from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Robert W. Baird lifted their price target on shares of RingCentral from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. Oppenheimer reiterated an “outperform” rating on shares of RingCentral in a report on Friday, February 20th. UBS Group set a $38.00 price objective on RingCentral in a research note on Friday, February 20th. Finally, Weiss Ratings raised RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, RingCentral has a consensus rating of “Hold” and a consensus price target of $34.04.

Hedge Funds Weigh In On RingCentral

Several institutional investors have recently bought and sold shares of the business. Rothschild Investment LLC raised its stake 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 buying an additional 366 shares in the last quarter. Amalgamated Bank boosted its position in RingCentral by 6.9% during the 3rd quarter. Amalgamated Bank now owns 6,512 shares of the software maker’s stock valued at $185,000 after acquiring an additional 418 shares in the last quarter. Global Retirement Partners LLC increased 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 valued at $26,000 after acquiring an additional 447 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of RingCentral by 61.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock valued at $37,000 after acquiring an additional 464 shares during the period. Finally, Xponance LLC raised its position in shares of RingCentral by 4.0% in the 4th quarter. Xponance LLC now owns 12,059 shares of the software maker’s stock worth $348,000 after acquiring an additional 464 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

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.