Harel Insurance Investments & Financial Services Ltd. Has $8.10 Million Stake in RingCentral, Inc. $RNG

Key Points

• Harel Insurance increased its stake in RingCentral by 60% to 280,323 shares (a 0.32% holding) worth about $8.10 million, while institutional investors own roughly 98.61% of the company.
• RingCentral beat quarterly expectations with EPS $1.18 vs. $1.14 and revenue of $644.03M, and provided FY2026 guidance of EPS 4.760–4.970 and Q1 guidance of 1.160–1.190.
• Company insiders have been net sellers recently — the CEO sold 95,831 shares and the COO 5,870, with insiders offloading 259,854 shares (~$9.31M) over the last 90 days, though insiders still own about 7.3% of the stock.

Harel Insurance Investments & Financial Services Ltd. boosted its holdings in RingCentral, Inc. (NYSE:RNG - Free Report) by 60.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 280,323 shares of the software maker's stock after purchasing an additional 105,145 shares during the quarter. Harel Insurance Investments & Financial Services Ltd. owned 0.32% of RingCentral worth $8,096,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Amalgamated Bank raised its stake in RingCentral by 6.9% in the 3rd quarter. Amalgamated Bank now owns 6,512 shares of the software maker's stock worth $185,000 after purchasing an additional 418 shares in the last quarter. Global Retirement Partners LLC raised its stake in RingCentral by 98.5% in the 3rd quarter. Global Retirement Partners LLC now owns 901 shares of the software maker's stock worth $26,000 after purchasing an additional 447 shares in the last quarter. Jones Financial Companies Lllp raised its stake in RingCentral by 61.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker's stock worth $37,000 after purchasing an additional 464 shares in the last quarter. California State Teachers Retirement System raised its stake in RingCentral by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 68,575 shares of the software maker's stock worth $1,944,000 after purchasing an additional 524 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in RingCentral by 21.7% in the 3rd quarter. IFP Advisors Inc now owns 3,389 shares of the software maker's stock worth $96,000 after purchasing an additional 605 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company's stock.

RingCentral Trading Up 1.1%

Shares of RingCentral stock opened at $47.77 on Wednesday. The firm has a market capitalization of $4.14 billion, a PE ratio of 99.52, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. The firm's 50 day moving average is $38.33 and its 200 day moving average is $31.90. RingCentral, Inc. has a 1 year low of $23.59 and a 1 year high of $48.57.

RingCentral (NYSE:RNG - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.04. RingCentral had a net margin of 1.73% and a negative return on equity of 28.14%. The company had revenue of $644.03 million for the quarter, compared to analyst estimates of $643.52 million. During the same period in the previous year, the firm posted $0.98 EPS. The firm's revenue was up 4.8% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. As a group, research analysts anticipate that RingCentral, Inc. will post 2.68 earnings per share for the current year.

RingCentral Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 9th. RingCentral's payout ratio is presently 62.50%.

Insider Buying and Selling at RingCentral

In other RingCentral news, COO Kira Makagon sold 5,870 shares of the business's stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $40.27, for a total transaction of $236,384.90. Following the sale, the chief operating officer directly owned 236,715 shares of the company's stock, valued at $9,532,513.05. The trade was a 2.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Shmunis sold 95,831 shares of the business's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $35.59, for a total transaction of $3,410,625.29. Following the sale, the chief executive officer directly owned 126,685 shares in the company, valued at $4,508,719.15. The trade was a 43.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 259,854 shares of company stock valued at $9,312,708. 7.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RNG. Oppenheimer restated an "outperform" rating on shares of RingCentral in a research report on Friday, February 20th. UBS Group set a $38.00 target price on shares of RingCentral in a research report on Friday, February 20th. Needham & Company LLC boosted their target price on shares of RingCentral from $36.00 to $55.00 and gave the company a "buy" rating in a research report on Friday, March 13th. Zacks Research upgraded shares of RingCentral from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. Finally, Robert W. Baird boosted their target price on shares of RingCentral from $30.00 to $34.00 and gave the company a "neutral" rating in a research report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $35.63.

RingCentral 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.

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