Y Intercept Hong Kong Ltd Sells 37,626 Shares of RingCentral, Inc. $RNG

Posted by Francis Steltz on Jul 14th, 2026

Y Intercept Hong Kong Ltd lessened its stake in shares of RingCentral, Inc. (NYSE:RNG – Free Report) by 70.7% during the 1st quarter, HoldingsChannel reports. The firm owned 15,573 shares of the software maker’s stock after selling 37,626 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in RingCentral were worth $579,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of RingCentral by 269.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock worth $29,000 after buying an additional 738 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in RingCentral by 70.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock valued at $30,000 after buying an additional 424 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in RingCentral in the 3rd quarter valued at $30,000. Global Retirement Partners LLC raised its holdings in RingCentral by 70.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,540 shares of the software maker’s stock worth $44,000 after acquiring an additional 639 shares during the period. Finally, SJS Investment Consulting Inc. raised its holdings in RingCentral by 598.3% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,222 shares of the software maker’s stock worth $45,000 after acquiring an additional 1,047 shares during the period. Institutional investors own 98.61% of the company’s stock.

RingCentral Price Performance

NYSE:RNG opened at $42.09 on Tuesday. The stock has a market cap of $3.53 billion, a P/E ratio of 44.77, a PEG ratio of 1.23 and a beta of 1.14. RingCentral, Inc. has a one year low of $23.59 and a one year high of $49.85. The company has a fifty day moving average price of $40.82 and a 200 day moving average price of $36.07.

RingCentral (NYSE:RNG – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The software maker reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $644.20 million during the quarter, compared to the consensus estimate of $642.73 million. RingCentral had a net margin of 3.31% and a negative return on equity of 33.75%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. As a group, equities research analysts anticipate that RingCentral, Inc. will post 2.78 EPS for the current year.

RingCentral Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 2nd were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, June 2nd. RingCentral’s dividend payout ratio (DPR) is presently 31.91%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RNG shares. Rosenblatt Securities boosted their target price on shares of RingCentral from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Robert W. Baird set a $45.00 price target on RingCentral in a research report on Friday, May 8th. Oppenheimer reiterated an “outperform” rating and issued a $50.00 price objective on shares of RingCentral in a research note on Friday, May 8th. Wells Fargo & Company boosted their price objective on RingCentral from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Morgan Stanley increased their target price on RingCentral from $33.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $43.00.

Check Out Our Latest Analysis on RingCentral

Insider Buying and Selling at RingCentral

In related news, Director Amy Guggenheim Shenkan sold 1,265 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $40.59, for a total transaction of $51,346.35. Following the transaction, the director directly owned 29,372 shares in the company, valued at $1,192,209.48. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Tarun Arora sold 3,615 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $43.00, for a total value of $155,445.00. Following the transaction, the chief accounting officer owned 68,100 shares in the company, valued at $2,928,300. This represents a 5.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold 45,451 shares of company stock valued at $1,933,565 over the last quarter. Company insiders own 7.30% of the company’s stock.

RingCentral Company Profile

(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.