RingCentral (NYSE:RNG) Reaches New 1-Year High – Here’s What Happened

Posted by George Bondi on Aug 12th, 2026

Shares of RingCentral, Inc. (NYSE:RNG – Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $64.95 and last traded at $64.4840, with a volume of 592230 shares. The stock had previously closed at $63.01.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RNG. Robert W. Baird set a $45.00 target price on shares of RingCentral in a research report on Friday, May 8th. Piper Sandler lifted their price target on shares of RingCentral from $40.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Oppenheimer reissued an “outperform” rating and set a $50.00 price target on shares of RingCentral in a research note on Friday, May 8th. Jefferies Financial Group restated a “hold” rating and issued a $40.00 price target on shares of RingCentral in a report on Saturday, May 9th. Finally, Wells Fargo & Company raised their price objective on RingCentral from $32.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, RingCentral has an average rating of “Hold” and an average target price of $44.40.

View Our Latest Analysis on RingCentral

RingCentral Trading Down 1.1%

The stock’s 50 day moving average is $44.17 and its 200 day moving average is $39.48. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 50.73, a PEG ratio of 1.11 and a beta of 1.10.

RingCentral (NYSE:RNG – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The software maker reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.06. RingCentral had a net margin of 4.27% and a negative return on equity of 34.49%. The company had revenue of $657.01 million for the quarter, compared to the consensus estimate of $650.53 million. During the same quarter in the prior year, the firm earned $1.06 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. On average, sell-side analysts anticipate that RingCentral, Inc. will post 2.88 EPS for the current year.

RingCentral Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 6th. This is a positive change from RingCentral’s previous quarterly dividend of $0.07. RingCentral’s dividend payout ratio is presently 40.00%.

Insider Buying and Selling

In related news, Director Robert I. Theis sold 2,530 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $40.28, for a total transaction of $101,908.40. Following the sale, the director owned 30,834 shares in the company, valued at approximately $1,241,993.52. This trade represents a 7.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Agarwal sold 7,047 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $46.17, for a total value of $325,359.99. Following the transaction, the chief financial officer directly owned 169,282 shares in the company, valued at approximately $7,815,749.94. This represents a 4.00% decrease in their position. The SEC filing for this sale provides additional information. 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 38,628 shares of company stock worth $1,656,201 in the last 90 days. 7.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RingCentral

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC lifted its position in RingCentral by 9.0% during the first quarter. Empowered Funds LLC now owns 11,417 shares of the software maker’s stock valued at $283,000 after buying an additional 940 shares in the last quarter. Woodline Partners LP raised its stake in shares of RingCentral by 14.8% in the 1st quarter. Woodline Partners LP now owns 159,474 shares of the software maker’s stock valued at $3,949,000 after purchasing an additional 20,518 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in RingCentral by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,190 shares of the software maker’s stock worth $6,467,000 after buying an additional 5,398 shares during the last quarter. Creative Planning bought a new position in RingCentral during the 2nd quarter worth approximately $274,000. Finally, Invesco Ltd. grew its position in shares of RingCentral by 10.8% in the 2nd quarter. Invesco Ltd. now owns 137,935 shares of the software maker’s stock worth $3,910,000 after acquiring an additional 13,446 shares in the last quarter. Institutional investors and hedge funds 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.