Trexquant Investment LP Boosts Stock Position in Ringcentral, Inc. $RNG

Key Points

• Trexquant Investment LP increased its stake in RingCentral by 43.0%, acquiring a total of 341,360 shares valued at approximately $8.45 million.
• Insiders have recently sold a significant number of shares, including CEO Vladimir Shmunis, who sold 27,018 shares valued at about $825,130.
• RingCentral reported earnings of $1.06 per share for the last quarter, surpassing analyst estimates, while guidance for Q3 2025 is set between 1.060-1.080 EPS.

Trexquant Investment LP lifted its position in Ringcentral, Inc. (NYSE:RNG - Free Report) by 43.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 341,360 shares of the software maker's stock after buying an additional 102,686 shares during the quarter. Trexquant Investment LP owned approximately 0.38% of Ringcentral worth $8,452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ameriprise Financial Inc. raised its holdings in shares of Ringcentral by 7.9% in the 1st quarter. Ameriprise Financial Inc. now owns 7,026,565 shares of the software maker's stock valued at $173,987,000 after buying an additional 512,834 shares during the period. Jupiter Asset Management Ltd. raised its holdings in shares of Ringcentral by 29.0% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,365,724 shares of the software maker's stock valued at $33,815,000 after buying an additional 306,971 shares during the period. Two Sigma Investments LP raised its holdings in shares of Ringcentral by 35.9% in the 4th quarter. Two Sigma Investments LP now owns 796,575 shares of the software maker's stock valued at $27,888,000 after buying an additional 210,365 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Ringcentral by 42.4% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 783,742 shares of the software maker's stock valued at $19,405,000 after buying an additional 233,438 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Ringcentral by 18.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 686,714 shares of the software maker's stock valued at $24,045,000 after buying an additional 107,609 shares during the period. Hedge funds and other institutional investors own 98.61% of the company's stock.

Insider Activity at Ringcentral

In related news, CEO Vladimir Shmunis sold 27,018 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $30.54, for a total value of $825,129.72. Following the completion of the sale, the chief executive officer directly owned 407,529 shares of the company's stock, valued at $12,445,935.66. The trade was a 6.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Kira Makagon sold 21,185 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $27.69, for a total transaction of $586,612.65. Following the completion of the transaction, the chief operating officer owned 413,131 shares of the company's stock, valued at $11,439,597.39. This represents a 4.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,391 shares of company stock worth $3,095,392 over the last 90 days. 6.97% of the stock is owned by corporate insiders.

Ringcentral Stock Performance

NYSE:RNG opened at $30.49 on Friday. Ringcentral, Inc. has a 1 year low of $20.58 and a 1 year high of $42.19. The stock has a market cap of $2.76 billion, a P/E ratio of -217.77, a P/E/G ratio of 1.40 and a beta of 1.28. The stock has a 50-day simple moving average of $28.19 and a 200-day simple moving average of $27.13.

Ringcentral (NYSE:RNG - Get Free Report) last issued its earnings results on Tuesday, August 5th. The software maker reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.04. The business had revenue of $620.40 million for the quarter, compared to analyst estimates of $617.90 million. Ringcentral had a negative return on equity of 19.63% and a negative net margin of 0.50%.The business's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. Ringcentral has set its Q3 2025 guidance at 1.060-1.080 EPS. FY 2025 guidance at 4.200-4.320 EPS. On average, equities research analysts predict that Ringcentral, Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RNG. Jefferies Financial Group cut their price objective on Ringcentral from $30.00 to $29.00 and set a "hold" rating on the stock in a report on Wednesday, August 6th. UBS Group lowered their target price on Ringcentral from $33.00 to $32.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Wedbush lowered their target price on Ringcentral from $38.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Needham & Company LLC assumed coverage on Ringcentral in a research note on Friday, May 9th. They set a "buy" rating and a $36.00 target price for the company. Finally, Mizuho boosted their target price on Ringcentral from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $30.62.

Ringcentral Company Profile

RingCentral, Inc, together with its subsidiaries, provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company's products include RingCentral Message Video Phone that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions with integrated RingCentral MVP; and RingCX, an AI-powered contact center that a native delivers omnichannel experience.

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