Insider Selling: Ribbon Communications (NASDAQ:RBBN) EVP Sells 20,000 Shares of Stock

Key Points

• Dan Redington, EVP of Ribbon Communications, sold 20,000 shares at an average price of $4.16, reducing his ownership by 10.55% to 169,610 shares.
• Ribbon Communications recently reported a 14.5% year-over-year revenue increase to $220.58 million and met earnings expectations with an EPS of $0.05.
• Analysts maintain a consensus "Buy" rating for Ribbon Communications, with an average target price of $6.00, up from previous estimates.

Ribbon Communications Inc. (NASDAQ:RBBN - Get Free Report) EVP Dan Redington sold 20,000 shares of Ribbon Communications stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $4.16, for a total value of $83,200.00. Following the completion of the transaction, the executive vice president directly owned 169,610 shares in the company, valued at $705,577.60. This represents a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dan Redington also recently made the following trade(s):

• On Monday, September 8th, Dan Redington sold 14,176 shares of Ribbon Communications stock. The stock was sold at an average price of $4.02, for a total value of $56,987.52.
• On Friday, September 5th, Dan Redington sold 155,434 shares of Ribbon Communications stock. The stock was sold at an average price of $4.03, for a total value of $626,399.02.

Ribbon Communications Stock Up 1.8%

Ribbon Communications stock traded up $0.07 during midday trading on Monday, hitting $4.06. 448,816 shares of the company were exchanged, compared to its average volume of 555,980. The company's fifty day moving average price is $3.96 and its 200-day moving average price is $3.84. The company has a market cap of $718.94 million, a PE ratio of -16.24 and a beta of 1.39. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.38 and a quick ratio of 1.13. Ribbon Communications Inc. has a fifty-two week low of $2.84 and a fifty-two week high of $5.38.

Ribbon Communications (NASDAQ:RBBN - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The communications equipment provider reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Ribbon Communications had a positive return on equity of 7.08% and a negative net margin of 5.14%.The firm had revenue of $220.58 million for the quarter, compared to analyst estimates of $213.31 million. During the same period in the previous year, the company posted $0.05 EPS. Ribbon Communications's revenue for the quarter was up 14.5% on a year-over-year basis. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts predict that Ribbon Communications Inc. will post 0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Ribbon Communications

A number of institutional investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Ribbon Communications by 76.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,189,250 shares of the communications equipment provider's stock worth $4,662,000 after purchasing an additional 513,985 shares in the last quarter. Nuveen LLC acquired a new stake in Ribbon Communications in the 1st quarter worth approximately $1,297,000. Royce & Associates LP lifted its holdings in Ribbon Communications by 10.3% in the 1st quarter. Royce & Associates LP now owns 3,092,068 shares of the communications equipment provider's stock worth $12,121,000 after purchasing an additional 289,210 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Ribbon Communications in the 1st quarter worth approximately $805,000. Finally, Geode Capital Management LLC lifted its holdings in Ribbon Communications by 7.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,303,256 shares of the communications equipment provider's stock worth $9,238,000 after purchasing an additional 169,402 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Rosenblatt Securities upped their target price on Ribbon Communications from $5.50 to $6.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen raised Ribbon Communications from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ribbon Communications currently has a consensus rating of "Buy" and an average price target of $6.00.

Ribbon Communications Company Profile

Ribbon Communications Inc provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.