RingCentral (NYSE:RNG) CEO Vladimir Shmunis Sells 11,165 Shares

RingCentral, Inc. (NYSE:RNG) CEO Vladimir Shmunis sold 11,165 shares of RingCentral stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $76.58, for a total transaction of $855,015.70. Following the completion of the sale, the chief executive officer directly owned 179,106 shares of the company’s stock, valued at approximately $13,715,937.48. This trade represents a 5.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.

Vladimir Shmunis also recently made the following trade(s):

• On Wednesday, September 2nd, Vladimir Shmunis sold 15,556 shares of RingCentral stock. The stock was sold at an average price of $71.78, for a total transaction of $1,116,609.68.

RingCentral Price Performance

Shares of RNG opened at $76.40 on Friday. The stock has a 50-day moving average of $54.16 and a 200-day moving average of $44.33. The company has a market cap of $6.38 billion, a PE ratio of 61.12, a P/E/G ratio of 1.25 and a beta of 1.14. RingCentral, Inc. has a one year low of $24.14 and a one year high of $77.95.

RingCentral (NYSE:RNG) last issued its earnings results on Thursday, July 23rd. The software maker reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $657.01 million during the quarter, compared to analyst estimates of $650.53 million. RingCentral had a negative return on equity of 34.49% and a net margin of 4.27%.The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. Analysts expect that RingCentral, Inc. will post 2.89 EPS for the current fiscal year.

RingCentral Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from RingCentral’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, August 6th. RingCentral’s payout ratio is 40.00%.

RingCentral News Summary

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RBC Capital Markets began coverage of RingCentral with an Outperform rating, providing a new bullish catalyst for the stock. RingCentral Jumps 5.7% After RBC Capital Initiates at Outperform
• Positive Sentiment: RBC said RingCentral appears less susceptible to AI displacement risks than the market currently assumes, suggesting the company’s communications software and enterprise customer relationships may remain defensible as AI adoption accelerates. RingCentral Less Susceptible to AI Displacement Risks than Market Fears, RBC Says
• Positive Sentiment: The stock reached a new 52-week high, indicating strong recent momentum and investor follow-through after the bullish analyst coverage. RingCentral Hits New 52-Week High
• Neutral Sentiment: CEO Vladimir Shmunis, CFO Vaibhav Agarwal and Chief Accounting Officer Tarun Arora reported stock sales totaling approximately $2.55 million. Each transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards, reducing the likelihood that the sales reflect negative views of RingCentral’s outlook.

Analyst Ratings Changes

Several equities research analysts have recently commented on RNG shares. Robert W. Baird set a $45.00 target price on shares of RingCentral in a research report on Friday, May 8th. Royal Bank Of Canada started coverage on shares of RingCentral in a research report on Thursday. They issued an “outperform” rating and a $85.00 price target on the stock. Mizuho boosted their price objective on RingCentral from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Piper Sandler increased their price objective on RingCentral from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $50.00 target price on shares of RingCentral in a research report on Friday, July 24th. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $56.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. WealthCollab LLC grew its stake in shares of RingCentral by 59.7% during the 1st quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock worth $26,000 after acquiring an additional 259 shares during the period. Versant Capital Management Inc raised its stake in RingCentral by 2.3% in the 2nd quarter. Versant Capital Management Inc now owns 11,521 shares of the software maker’s stock valued at $449,000 after acquiring an additional 259 shares during the period. Pictet Asset Management Holding SA lifted its holdings in RingCentral by 3.1% during the first quarter. Pictet Asset Management Holding SA now owns 11,883 shares of the software maker’s stock valued at $442,000 after purchasing an additional 362 shares during the last quarter. Rothschild Investment LLC lifted its holdings in RingCentral by 15.8% during the fourth quarter. Rothschild Investment LLC now owns 2,681 shares of the software maker’s stock valued at $77,000 after purchasing an additional 366 shares during the last quarter. Finally, Sovereign Financial Group Inc. boosted its position in RingCentral by 4.2% during the first quarter. Sovereign Financial Group Inc. now owns 10,170 shares of the software maker’s stock worth $378,000 after purchasing an additional 409 shares during the period. 98.61% of the stock is owned by institutional investors.

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.