Jupiter Asset Management Ltd. Sells 75,311 Shares of Ringcentral, Inc. $RNG

Jupiter Asset Management Ltd. reduced its holdings in shares of Ringcentral, Inc. (NYSE:RNG) by 5.4% in the third quarter, Holdings Channel.com reports. The fund owned 1,306,738 shares of the software maker’s stock after selling 75,311 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Ringcentral were worth $37,033,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Ringcentral by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,823,636 shares of the software maker’s stock worth $335,082,000 after acquiring an additional 129,444 shares in the last quarter. Marshall Wace LLP grew its stake in Ringcentral by 17.0% in the second quarter. Marshall Wace LLP now owns 1,719,269 shares of the software maker’s stock valued at $48,741,000 after purchasing an additional 249,329 shares during the last quarter. AQR Capital Management LLC grew its stake in Ringcentral by 27.6% in the second quarter. AQR Capital Management LLC now owns 1,626,454 shares of the software maker’s stock valued at $45,728,000 after purchasing an additional 351,347 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Ringcentral by 4.6% during the second quarter. Geode Capital Management LLC now owns 1,495,163 shares of the software maker’s stock valued at $42,395,000 after buying an additional 65,294 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Ringcentral by 22.9% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,224,090 shares of the software maker’s stock valued at $34,691,000 after buying an additional 228,202 shares in the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Ringcentral Stock Down 0.6%

Ringcentral stock opened at $29.37 on Friday. The stock has a 50-day moving average price of $28.21 and a 200 day moving average price of $28.76. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 209.80, a price-to-earnings-growth ratio of 1.22 and a beta of 1.23. Ringcentral, Inc. has a 52 week low of $20.58 and a 52 week high of $32.76.

Ringcentral (NYSE:RNG) last posted its earnings results on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm had revenue of $644.03 million for the quarter, compared to analyst estimates of $643.52 million. Ringcentral had a negative return on equity of 22.38% and a net margin of 0.53%.Ringcentral’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. Ringcentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Research analysts anticipate that Ringcentral, Inc. will post 1.29 EPS for the current fiscal year.

Ringcentral Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors 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 dividend on an annualized basis and a yield of 1.0%.

Insider Buying and Selling

In related news, COO Kira Makagon sold 6,495 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $29.22, for a total transaction of $189,783.90. Following the transaction, the chief operating officer directly owned 336,162 shares in the company, valued at approximately $9,822,653.64. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Tarun Arora sold 3,888 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $28.70, for a total value of $111,585.60. Following the completion of the sale, the chief accounting officer owned 93,412 shares of the company’s stock, valued at approximately $2,680,924.40. The trade was a 4.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 53,141 shares of company stock worth $1,491,632. Insiders own 7.30% of the company’s stock.

Analyst Upgrades and Downgrades

RNG has been the topic of a number of analyst reports. Rosenblatt Securities lifted their price objective on shares of Ringcentral from $32.00 to $37.50 and gave the stock a “buy” rating in a research report on Friday. Weiss Ratings restated a “sell (d+)” rating on shares of Ringcentral in a research note on Monday, December 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Ringcentral in a research report on Tuesday, November 4th. Morgan Stanley decreased their price objective on Ringcentral from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Finally, Zacks Research cut Ringcentral from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Ringcentral has a consensus rating of “Hold” and a consensus price target of $31.88.

Trending Headlines about Ringcentral

Here are the key news stories impacting Ringcentral this week:

• Positive Sentiment: Company raised FY‑2026 and Q1 earnings guidance well ahead of Street expectations (FY EPS guide 4.76–4.97 vs. consensus ~3.85), signaling stronger profitability and margin leverage ahead. RingCentral (NYSE:RNG) Reports Q4 CY2025 In Line With Expectations
• Positive Sentiment: Management set targets for 4.5%–5.5% subscription revenue growth and ~$590M free cash flow for 2026 and highlighted accelerating AI momentum—an investor-friendly mix of growth, FCF conversion and AI opportunity. RingCentral targets 4.5% to 5.5% subscription revenue growth and $590M free cash flow in 2026 as AI momentum accelerates
• Positive Sentiment: Inclusion in S&P indices increases passive demand and visibility, which can support the stock over time even as investors re‑rate valuation. RingCentral Joins S&P Indices As Valuation And Risks Draw Attention
• Neutral Sentiment: Q4 results modestly beat estimates: EPS $1.18 vs. $1.14 est and revenue $644.0M vs. ~$643.5M; revenue up ~4.8% YoY — solid but not breakout growth. RingCentral (RNG) Surpasses Q4 Earnings and Revenue Estimates
• Neutral Sentiment: Company declared a small quarterly dividend ($0.075/share; ~1.0% yield) — a modest yield but a signal of cash return policy. (No external link)
• Negative Sentiment: Profitability and efficiency metrics remain areas of caution: net margin is slim and ROE negative, so improved EPS guidance depends on continued margin expansion. (See earnings materials and call commentary)
• Negative Sentiment: Valuation is rich on near‑term metrics (P/E above 200), leaving the stock vulnerable to profit‑taking if execution or subscription growth disappoints. (Background valuation metrics)

Ringcentral 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.