Vladimir Shmunis Sells 11,165 Shares of RingCentral (NYSE:RNG) Stock

RingCentral, Inc. (NYSE:RNG) CEO Vladimir Shmunis sold 11,165 shares of RingCentral stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $76.58, for a total transaction of $855,015.70. Following the sale, the chief executive officer owned 179,106 shares of the company’s stock, valued at approximately $13,715,937.48. The trade was a 5.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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.

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

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

RingCentral Price Performance

Shares of RingCentral stock opened at $73.32 on Friday. The stock has a market cap of $6.12 billion, a PE ratio of 58.66, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14. The firm has a fifty day moving average price of $54.89 and a 200 day moving average price of $44.53. RingCentral, Inc. has a 1 year low of $24.14 and a 1 year high of $77.95.

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

RingCentral Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a $0.125 dividend. The ex-dividend date was Thursday, August 6th. 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 dividend yield of 0.7%. RingCentral’s dividend payout ratio (DPR) is currently 40.00%.

Key RingCentral News

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RBC Capital initiated coverage with an “outperform” rating and an $85 price target, implying meaningful upside from recent trading levels. RBC said RingCentral’s enterprise customer base, recurring-revenue model and communications platform may be less vulnerable to artificial-intelligence displacement than investors fear. RingCentral Jumps After RBC Capital Initiates at Outperform
• Positive Sentiment: The RBC view adds to recently favorable operating data: RingCentral exceeded quarterly EPS and revenue expectations, with EPS of $1.22 versus $1.16 expected and revenue of $657.0 million versus $650.5 million expected. Revenue grew 5.9% year over year, and management maintained fiscal 2026 EPS guidance of $4.96 to $5.10.
• Neutral Sentiment: CEO Vladimir Shmunis, CFO Vaibhav Agarwal and CAO Tarun Arora collectively sold approximately $2.55 million of shares. The transactions were made under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, reducing their significance as a signal of declining management confidence. Arora’s latest sale involved 954 shares valued at $73,458. RingCentral Insider Trading Alert
• Negative Sentiment: Profit-taking pressure may be increasing after the stock’s substantial advance toward its 52-week high. RingCentral’s valuation is elevated, with a reported P/E ratio above 60, while the broader analyst consensus remains “Hold” with an average price target of $56—well below recent trading levels. This leaves the shares sensitive to any slowdown in growth or disappointment in future guidance.

Analysts Set New Price Targets

RNG has been the subject of a number of analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $40.00 price target on shares of RingCentral in a report on Saturday, May 9th. Wells Fargo & Company raised their price objective on shares of RingCentral from $43.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 25th. Morgan Stanley lifted their target price on shares of RingCentral from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Piper Sandler boosted their target price on shares of RingCentral from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada assumed coverage on shares of RingCentral in a report on Thursday. They set an “outperform” rating and a $85.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.00.

Hedge Funds Weigh In On RingCentral

A number of hedge funds have recently bought and sold shares of RNG. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of RingCentral during the 1st quarter worth approximately $697,000. LSV Asset Management increased its holdings in RingCentral by 142.4% in the 4th quarter. LSV Asset Management now owns 2,871,700 shares of the software maker’s stock worth $82,935,000 after acquiring an additional 1,686,900 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in RingCentral by 11.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,456,270 shares of the software maker’s stock worth $42,057,000 after acquiring an additional 149,532 shares in the last quarter. Maryland State Retirement & Pension System acquired a new position in RingCentral during the first quarter worth $584,000. Finally, Insight Wealth Strategies LLC acquired a new position in RingCentral during the second quarter worth $6,636,000. Hedge funds and other institutional investors own 98.61% of the company’s stock.

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.