RingCentral (NYSE:RNG) Stock Price Down 5.4% – Time to Sell?

RingCentral, Inc. (NYSE:RNG) shares traded down 5.4% on Wednesday . The stock traded as low as $34.95 and last traded at $34.7210. 504,608 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 2,584,589 shares. The stock had previously closed at $36.71.

Wall Street Analyst Weigh In

Several brokerages recently commented on RNG. UBS Group set a $38.00 price objective on RingCentral in a research note on Friday, February 20th. Oppenheimer restated an “outperform” rating on shares of RingCentral in a report on Friday, February 20th. Rosenblatt Securities raised their price target on RingCentral from $32.00 to $37.50 and gave the stock a “buy” rating in a research report on Friday, February 20th. Morgan Stanley lifted their price objective on RingCentral from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Finally, Mizuho boosted their price objective on RingCentral from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.63.

RingCentral Stock Performance

The company has a fifty day moving average price of $32.20 and a two-hundred day moving average price of $30.10. The company has a market cap of $3.06 billion, a P/E ratio of 73.57, a PEG ratio of 1.52 and a beta of 1.14.

RingCentral (NYSE:RNG) last announced its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. RingCentral had a net margin of 1.73% and a negative return on equity of 28.14%. The firm had revenue of $644.03 million during the quarter, compared to analysts’ expectations of $643.52 million. During the same quarter last year, the company posted $0.98 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Research analysts anticipate that RingCentral, Inc. will post 1.29 EPS for the current year.

RingCentral Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a dividend of $0.075 per share. The ex-dividend date was Monday, March 9th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.8%. RingCentral’s dividend payout ratio (DPR) is 62.50%.

Insider Buying and Selling at RingCentral

In other news, CAO Tarun Arora sold 8,840 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $40.69, for a total transaction of $359,699.60. Following the sale, the chief accounting officer directly owned 75,492 shares of the company’s stock, valued at approximately $3,071,769.48. This represents a 10.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Kira Makagon sold 22,196 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $35.15, for a total transaction of $780,189.40. Following the completion of the transaction, the chief operating officer directly owned 339,545 shares in the company, valued at approximately $11,935,006.75. This represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 259,526 shares of company stock worth $9,225,128. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC lifted its stake in RingCentral by 98.5% in the 3rd quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock valued at $26,000 after purchasing an additional 447 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of RingCentral by 269.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock worth $29,000 after buying an additional 738 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of 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 buying an additional 424 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of RingCentral during the third quarter worth $30,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of RingCentral by 61.6% during the third quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock worth $37,000 after buying an additional 464 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

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.