RingCentral, Inc. (NYSE:RNG – Get Free Report) CFO Vaibhav Agarwal sold 4,044 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $65.07, for a total transaction of $263,143.08. Following the transaction, the chief financial officer directly owned 161,048 shares of the company’s stock, valued at $10,479,393.36. This represents a 2.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.
Vaibhav Agarwal also recently made the following trade(s):
- On Tuesday, August 18th, Vaibhav Agarwal sold 1,688 shares of RingCentral stock. The stock was sold at an average price of $65.50, for a total transaction of $110,564.00.
- On Tuesday, June 2nd, Vaibhav Agarwal sold 7,047 shares of RingCentral stock. The stock was sold at an average price of $46.17, for a total transaction of $325,359.99.
RingCentral Trading Down 2.4%
RingCentral stock opened at $65.49 on Wednesday. RingCentral, Inc. has a 1-year low of $24.14 and a 1-year high of $68.45. The company has a fifty day simple moving average of $49.23 and a 200 day simple moving average of $42.23. The company has a market cap of $5.47 billion, a P/E ratio of 52.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.10.
RingCentral Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.8%. This is a boost from RingCentral’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, August 6th. RingCentral’s payout ratio is currently 40.00%.
Analysts Set New Price Targets
RNG has been the topic of a number of analyst reports. Piper Sandler upped their price objective on RingCentral from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Needham & Company LLC restated a “buy” rating on shares of RingCentral in a report on Monday, July 20th. Mizuho upped their price target on shares of RingCentral from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Morgan Stanley increased their price target on shares of RingCentral from $33.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $40.00 price objective on shares of RingCentral in a research report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.60.
Read Our Latest Stock Analysis on RNG
Key Headlines Impacting RingCentral
Here are the key news stories impacting RingCentral this week:
- Positive Sentiment: Value-stock appeal: Zacks characterized RingCentral as a strong value stock, potentially supporting investor interest after the company’s shares rallied substantially from their 52-week low. Why RingCentral Is a Strong Value Stock
- Positive Sentiment: Improved shareholder returns: RingCentral recently increased its quarterly dividend to $0.125 per share from $0.07, equivalent to a $0.50 annualized payout and an approximately 0.7% yield. The company’s record cash flow is also being cited as a source of support for higher returns. RingCentral Cash Flow and Returns
- Neutral Sentiment: Fundamentals remain solid: RingCentral’s latest quarterly results exceeded expectations, with adjusted EPS of $1.22 versus $1.16 expected and revenue of $657.0 million versus $650.5 million expected. Revenue increased 5.9% year over year, while fiscal 2026 EPS guidance remains $4.96–$5.10.
- Negative Sentiment: Cautious analyst stance: Brokerages maintain a consensus “Hold” rating, with an average price target of $44.40—well below the recent trading range. Although some firms retain Buy ratings, the target gap may be pressuring the stock.
- Negative Sentiment: Executive share sales: CFO Vaibhav Agarwal and CAO Tarun Arora sold shares, including Arora’s 675-share sale on August 25. The transactions were conducted under pre-arranged Rule 10b5-1 plans, and earlier sales covered tax withholding on vested equity, reducing their bearish significance but still adding near-term supply.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. WealthCollab LLC raised its stake in 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 during the period. Meeder Asset Management Inc. increased its holdings in shares of RingCentral by 127.3% in the first quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker’s stock valued at $27,000 after purchasing an additional 410 shares during the last quarter. EverSource Wealth Advisors LLC raised its position 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 valued at $29,000 after purchasing an additional 738 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of RingCentral by 70.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock valued at $30,000 after purchasing an additional 424 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of RingCentral during the 3rd quarter worth about $30,000. 98.61% of the stock is currently owned by institutional investors.
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.
Featured Articles
- Five stocks we like better than RingCentral
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Receive News & Ratings for RingCentral Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RingCentral and related companies with MarketBeat.com's FREE daily email newsletter.
