Robertson Stephens Wealth Management LLC Has $2.61 Million Stake in RingCentral, Inc. $RNG

Key Points

• Robertson Stephens Wealth Management LLC increased its stake in RingCentral by 124.7% in Q4 to 90,311 shares worth $2.61 million, representing about 0.10% of the company.
• RingCentral beat Q results (EPS $1.18 vs. $1.14 est., revenue $644.0M, +4.8% YoY), guided FY2026 EPS of 4.760–4.970, and the stock jumped ~12.4% to $45.23 (market cap ~$3.92B).
• The company declared a quarterly dividend of $0.075 ($0.30 annual, ~0.7% yield) while insiders sold roughly 259,854 shares (~$9.31M) in the last quarter, leaving insiders with 7.3% ownership.

Robertson Stephens Wealth Management LLC lifted its stake in shares of RingCentral, Inc. (NYSE:RNG - Free Report) by 124.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 90,311 shares of the software maker's stock after buying an additional 50,122 shares during the quarter. Robertson Stephens Wealth Management LLC owned about 0.10% of RingCentral worth $2,608,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Global Retirement Partners LLC grew its position in shares of RingCentral by 98.5% during the 3rd quarter. Global Retirement Partners LLC now owns 901 shares of the software maker's stock worth $26,000 after buying an additional 447 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of RingCentral during the 3rd quarter worth approximately $30,000. Jones Financial Companies Lllp grew its position in shares of RingCentral by 61.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker's stock worth $37,000 after buying an additional 464 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of RingCentral by 103.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,823 shares of the software maker's stock worth $52,000 after buying an additional 925 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in shares of RingCentral during the 3rd quarter worth approximately $66,000. Institutional investors and hedge funds own 98.61% of the company's stock.

RingCentral Trading Up 12.4%

NYSE RNG opened at $45.23 on Friday. The company has a fifty day simple moving average of $38.16 and a 200 day simple moving average of $31.72. RingCentral, Inc. has a 12-month low of $23.59 and a 12-month high of $46.11. The company has a market cap of $3.92 billion, a P/E ratio of 94.22, a PEG ratio of 1.73 and a beta of 1.13.

RingCentral (NYSE:RNG - Get Free Report) last posted 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 business had revenue of $644.03 million during the quarter, compared to the consensus estimate of $643.52 million. During the same quarter last year, the firm posted $0.98 EPS. RingCentral's revenue was up 4.8% compared to the same quarter last year. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Sell-side analysts predict that RingCentral, Inc. will post 2.68 EPS for the current year.

RingCentral Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were given a $0.075 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.30 annualized dividend and a yield of 0.7%. RingCentral's dividend payout ratio (DPR) is presently 62.50%.

Insider Buying and Selling at RingCentral

In other RingCentral news, COO Kira Makagon sold 5,870 shares of the firm's stock in a transaction on Monday, April 27th. The stock was sold at an average price of $40.27, for a total transaction of $236,384.90. Following the transaction, the chief operating officer directly owned 236,715 shares in the company, valued at approximately $9,532,513.05. This trade represents a 2.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Agarwal sold 18,680 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $36.33, for a total value of $678,644.40. Following the transaction, the chief financial officer owned 139,493 shares in the company, valued at approximately $5,067,780.69. This trade represents a 11.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 259,854 shares of company stock worth $9,312,708. 7.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on RNG. Weiss Ratings raised shares of RingCentral from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, March 2nd. Rosenblatt Securities raised their price objective on shares of RingCentral from $32.00 to $37.50 and gave the stock a "buy" rating in a research report on Friday, February 20th. Mizuho raised their price objective on shares of RingCentral from $27.00 to $32.00 and gave the stock a "neutral" rating in a research report on Friday, February 20th. UBS Group set a $38.00 price objective on shares of RingCentral in a research report on Friday, February 20th. Finally, Needham & Company LLC raised their price objective on shares of RingCentral from $36.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, March 13th. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $35.63.

About RingCentral

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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