Vaibhav Agarwal Sells 7,047 Shares of RingCentral (NYSE:RNG) Stock

Posted by Brenda Bartman on Jun 4th, 2026

RingCentral, Inc. (NYSE:RNG – Get Free Report) CFO Vaibhav Agarwal sold 7,047 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $46.17, for a total transaction of $325,359.99. Following the completion of the transaction, the chief financial officer directly owned 169,282 shares of the company’s stock, valued at $7,815,749.94. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.

Vaibhav Agarwal also recently made the following trade(s):

On Thursday, May 21st, Vaibhav Agarwal sold 4,044 shares of RingCentral stock. The shares were sold at an average price of $42.06, for a total value of $170,090.64.
On Monday, May 18th, Vaibhav Agarwal sold 2,220 shares of RingCentral stock. The stock was sold at an average price of $40.62, for a total value of $90,176.40.

RingCentral Trading Down 4.8%

Shares of RNG opened at $44.14 on Thursday. RingCentral, Inc. has a 1 year low of $23.59 and a 1 year high of $49.85. The stock has a 50 day simple moving average of $40.58 and a 200-day simple moving average of $34.10. The stock has a market cap of $3.70 billion, a PE ratio of 46.95, a PEG ratio of 1.36 and a beta of 1.14.

RingCentral (NYSE:RNG – Get Free Report) last issued its earnings results on Thursday, May 7th. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. RingCentral had a negative return on equity of 33.75% and a net margin of 3.31%.The business had revenue of $644.20 million during the quarter, compared to analysts’ expectations of $642.73 million. During the same period in the prior year, the firm posted $1.00 EPS. RingCentral’s quarterly revenue was up 5.3% compared to the same quarter last year. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. On average, sell-side analysts forecast that RingCentral, Inc. will post 2.79 EPS for the current fiscal year.

RingCentral Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 2nd. RingCentral’s payout ratio is presently 31.91%.

Analyst Upgrades and Downgrades

RNG has been the subject of several research reports. UBS Group set a $38.00 price objective on shares of RingCentral in a research report on Friday, February 20th. Piper Sandler increased their price target on shares of RingCentral from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. Morgan Stanley boosted their price objective on shares of RingCentral from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Zacks Research upgraded shares of RingCentral from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Rosenblatt Securities upped their price objective on RingCentral from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $43.00.

Read Our Latest Analysis on RNG

Institutional Trading of RingCentral

A number of large investors have recently made changes to their positions in RNG. WealthCollab LLC grew its holdings in shares of RingCentral by 59.7% in the 1st quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock valued at $26,000 after acquiring an additional 259 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of RingCentral by 3.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 11,883 shares of the software maker’s stock valued at $442,000 after acquiring an additional 362 shares in the last quarter. Rothschild Investment LLC grew its holdings in shares of RingCentral by 15.8% in the 4th quarter. Rothschild Investment LLC now owns 2,681 shares of the software maker’s stock valued at $77,000 after acquiring an additional 366 shares in the last quarter. Sovereign Financial Group Inc. grew its holdings in shares of RingCentral by 4.2% in the 1st quarter. Sovereign Financial Group Inc. now owns 10,170 shares of the software maker’s stock valued at $378,000 after acquiring an additional 409 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of RingCentral by 127.3% in the 1st quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker’s stock valued at $27,000 after acquiring an additional 410 shares in the last quarter. Institutional investors own 98.61% of the company’s stock.

RingCentral Company Profile

(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.