RingCentral (NYSE:RNG) Hits New 12-Month High - Here's Why

Key Points

• RingCentral hit a new 52-week high, trading as high as $40.93 (last $39.74) on volume of ~606,678 shares and a market cap of $3.44 billion, well above its 50- and 200-day moving averages near $29.30.
• Several analysts raised price targets (Piper Sandler to $37, Rosenblatt to $37.50, UBS $38), but the consensus remains a "Hold" with an average target of $34.04, indicating mixed professional views despite recent upgrades.
• The company slightly beat quarterly EPS estimates ($1.18 vs. $1.14) with revenue up 4.8% YoY to $644.0 million, set FY2026 EPS guidance of 4.760–4.970 (Q1 guidance 1.160–1.190), and declared a $0.075 quarterly dividend (0.8% yield).

RingCentral, Inc. (NYSE:RNG - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $40.93 and last traded at $39.74, with a volume of 606678 shares traded. The stock had previously closed at $39.17.

Analyst Upgrades and Downgrades

RNG has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of RingCentral from $30.00 to $33.00 and gave the company an "equal weight" rating in a research report on Friday, February 20th. Piper Sandler raised their price objective on RingCentral from $28.00 to $37.00 and gave the company a "neutral" rating in a research report on Monday, February 23rd. UBS Group set a $38.00 target price on RingCentral in a research note on Friday, February 20th. Oppenheimer reissued an "outperform" rating on shares of RingCentral in a research report on Friday, February 20th. Finally, Rosenblatt Securities lifted their price objective on shares of RingCentral from $32.00 to $37.50 and gave the company a "buy" rating in a research note on Friday, February 20th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, RingCentral has a consensus rating of "Hold" and an average price target of $34.04.

RingCentral Trading Up 1.5%

The company has a market cap of $3.44 billion, a P/E ratio of 82.86, a P/E/G ratio of 1.45 and a beta of 1.14. The company's 50-day moving average price is $29.47 and its two-hundred day moving average price is $29.29.

RingCentral (NYSE:RNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The software maker reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $644.03 million during the quarter, compared to analyst estimates of $643.52 million. RingCentral had a negative return on equity of 28.14% and a net margin of 1.73%.RingCentral's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. 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, analysts anticipate that RingCentral, Inc. will post 1.29 earnings per share for the current year.

RingCentral Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, March 9th.

Insider Buying and Selling

In related news, CAO Tarun Arora sold 3,723 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $36.14, for a total value of $134,549.22. Following the sale, the chief accounting officer owned 84,332 shares of the company's stock, valued at $3,047,758.48. This trade represents a 4.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vladimir Shmunis sold 95,831 shares of RingCentral stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $35.59, for a total transaction of $3,410,625.29. Following the completion of the sale, the chief executive officer owned 126,685 shares in the company, valued at approximately $4,508,719.15. This represents a 43.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 250,686 shares of company stock worth $8,865,429. 7.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On RingCentral

Institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its position in RingCentral by 9.0% in the first quarter. Empowered Funds LLC now owns 11,417 shares of the software maker's stock worth $283,000 after buying an additional 940 shares during the last quarter. Woodline Partners LP lifted its stake in RingCentral by 14.8% during the first quarter. Woodline Partners LP now owns 159,474 shares of the software maker's stock valued at $3,949,000 after buying an additional 20,518 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of RingCentral by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,190 shares of the software maker's stock worth $6,467,000 after buying an additional 5,398 shares during the period. Envestnet Asset Management Inc. grew its position in RingCentral by 11.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,033 shares of the software maker's stock worth $823,000 after purchasing an additional 2,923 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in RingCentral during the 2nd quarter valued at $404,000. 98.61% of the stock is owned by institutional investors and hedge funds.

RingCentral Company 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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