Insider Selling: RingCentral (NYSE:RNG) COO Sells 36,185 Shares

Posted by Brenda Bartman on Sep 16th, 2026

RingCentral, Inc. (NYSE:RNG – Get Free Report) COO Kira Makagon sold 36,185 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $70.11, for a total transaction of $2,536,930.35. Following the completion of the sale, the chief operating officer owned 245,385 shares in the company, valued at $17,203,942.35. This represents a 12.85% decrease in their ownership of the stock. The transaction was disclosed in a legal 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.

RingCentral Trading Up 1.7%

RNG stock traded up $1.23 during trading on Wednesday, reaching $73.66. 1,513,651 shares of the stock were exchanged, compared to its average volume of 1,341,040. RingCentral, Inc. has a twelve month low of $24.14 and a twelve month high of $77.95. The company has a market capitalization of $6.15 billion, a P/E ratio of 58.93, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. The stock has a 50 day simple moving average of $59.90 and a 200-day simple moving average of $46.75.

RingCentral (NYSE:RNG – Get Free Report) 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. RingCentral had a negative return on equity of 34.49% and a net margin of 4.27%.The firm had revenue of $657.01 million during the quarter, compared to analysts’ expectations of $650.53 million. During the same quarter in the prior year, the firm posted $1.06 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. Equities analysts predict that RingCentral, Inc. will post 2.89 EPS for the current year.

RingCentral Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.7%. This is an increase from RingCentral’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, August 6th. RingCentral’s dividend payout ratio (DPR) is 40.00%.

Institutional Trading of RingCentral

Several large investors have recently added to or reduced their stakes in RNG. LSV Asset Management raised its stake in shares of RingCentral by 142.4% in the fourth quarter. LSV Asset Management now owns 2,871,700 shares of the software maker’s stock valued at $82,935,000 after acquiring an additional 1,686,900 shares during the last quarter. Quantinno Capital Management LP increased its holdings in RingCentral by 150.4% during the 1st quarter. Quantinno Capital Management LP now owns 1,976,995 shares of the software maker’s stock valued at $73,524,000 after purchasing an additional 1,187,437 shares in the last quarter. Invenomic Capital Management LP raised its position in RingCentral by 3.7% in the 4th quarter. Invenomic Capital Management LP now owns 1,538,034 shares of the software maker’s stock valued at $44,418,000 after purchasing an additional 55,587 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in RingCentral by 11.4% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,456,270 shares of the software maker’s stock worth $42,057,000 after purchasing an additional 149,532 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of RingCentral by 8.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,308,949 shares of the software maker’s stock worth $48,676,000 after purchasing an additional 101,002 shares during the last quarter. 98.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RNG. Needham & Company LLC increased their price objective on shares of RingCentral from $55.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Rosenblatt Securities reissued a “buy” rating and issued a $50.00 target price on shares of RingCentral in a research note on Friday, July 24th. Mizuho increased 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. Wells Fargo & Company raised their price target 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of RingCentral in a report on Friday, July 17th. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, RingCentral presently has a consensus rating of “Hold” and an average price target of $56.00.

Check Out Our Latest Report on RingCentral

RingCentral Company Profile

(Get Free Report)

RingCentral, Inc is a cloud communications and collaboration company that provides business communications software through a subscription-based platform. Its services are designed to help organizations manage voice, messaging, video meetings, team collaboration and other communications across devices and locations.

The company’s offerings include RingEX, its unified communications platform; RingCentral Video for online meetings and collaboration; RingCentral Events for virtual and hybrid events; and contact center products, including RingCX.