RingCentral (NYSE:RNG) CFO Vaibhav Agarwal Sells 2,220 Shares of Stock

Key Points

• RingCentral CFO Vaibhav Agarwal sold 2,220 shares on May 18 at an average price of $40.62, totaling about $90,176. The sale, made under a pre-arranged 10b5-1 plan, reduced his direct holdings by 1.56% and was tied to tax withholding on vested equity awards.
• The company recently beat earnings expectations, reporting Q1 EPS of $1.20 versus the $1.17 consensus and revenue of $644.2 million, up 5.3% year over year. RingCentral also raised its FY 2026 and Q2 2026 guidance.
• Analysts remain cautious overall, with a consensus rating of “Hold” and an average price target of $43.00, even as several firms recently lifted their targets. The stock traded at $42.60, near its 50-day average and below its 52-week high of $48.57.

RingCentral, Inc. (NYSE:RNG - Get Free Report) CFO Vaibhav Agarwal sold 2,220 shares of RingCentral stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $40.62, for a total value of $90,176.40. Following the sale, the chief financial officer directly owned 140,416 shares in the company, valued at $5,703,697.92. This trade represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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.

Vaibhav Agarwal also recently made the following trade(s):

• On Monday, March 2nd, Vaibhav Agarwal sold 18,680 shares of RingCentral stock. The stock was sold at an average price of $36.33, for a total value of $678,644.40.
• On Monday, February 23rd, Vaibhav Agarwal sold 10,744 shares of RingCentral stock. The stock was sold at an average price of $35.50, for a total value of $381,412.00.

RingCentral Price Performance

Shares of RNG stock traded up $1.92 during trading hours on Tuesday, hitting $42.60. The stock had a trading volume of 1,996,138 shares, compared to its average volume of 2,281,505. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 45.32, a PEG ratio of 1.25 and a beta of 1.13. RingCentral, Inc. has a one year low of $23.59 and a one year high of $48.57. The stock's 50-day moving average price is $39.40 and its two-hundred day moving average price is $32.78.

RingCentral (NYSE:RNG - Get Free Report) last posted its earnings results on Thursday, May 7th. The software maker reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.03. RingCentral had a negative return on equity of 33.75% and a net margin of 3.31%.The firm had revenue of $644.20 million during the quarter, compared to the consensus estimate of $642.73 million. During the same period in the prior year, the company earned $1.00 EPS. The company's quarterly revenue was up 5.3% compared to the same quarter last year. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. As a group, equities research analysts predict that RingCentral, Inc. will post 2.69 earnings per share for the current fiscal year.

RingCentral Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Tuesday, June 2nd will be paid a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.30 annualized dividend and a yield of 0.7%. RingCentral's dividend payout ratio (DPR) is presently 31.91%.

Analyst Ratings Changes

RNG has been the topic of several research analyst reports. Needham & Company LLC increased their price objective on RingCentral from $36.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, March 13th. Morgan Stanley increased their price objective on RingCentral from $33.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Monday, May 11th. Rosenblatt Securities increased their price objective on RingCentral from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. Wells Fargo & Company lifted their price objective on RingCentral from $32.00 to $43.00 and gave the company an "equal weight" rating in a report on Friday, May 8th. Finally, Mizuho lifted their price objective on RingCentral from $27.00 to $32.00 and gave the company a "neutral" rating in a report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $43.00.

Institutional Investors Weigh In On RingCentral

Several institutional investors have recently bought and sold shares of the company. WealthCollab LLC raised its stake in shares of RingCentral by 59.7% in the first quarter. WealthCollab LLC now owns 693 shares of the software maker's stock valued at $26,000 after acquiring an additional 259 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of RingCentral by 127.3% during the 1st quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker's stock valued at $27,000 after acquiring an additional 410 shares during the period. EverSource Wealth Advisors LLC grew its holdings in RingCentral by 269.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker's stock valued at $29,000 after purchasing an additional 738 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in RingCentral by 70.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker's stock worth $30,000 after acquiring an additional 424 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in RingCentral during the third quarter worth $30,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

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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