Ringcentral Sees Unusually High Options Volume (NYSE:RNG)

Ringcentral, Inc. (NYSE:RNG) saw some unusual options trading on Friday. Investors bought 2,473 call options on the company. This is an increase of 206% compared to the typical volume of 809 call options.

Analysts Set New Price Targets

RNG has been the subject of a number of recent analyst reports. Oppenheimer restated an “outperform” rating on shares of Ringcentral in a research report on Friday. UBS Group set a $38.00 price target on Ringcentral in a report on Friday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ringcentral in a research report on Monday, December 29th. Morgan Stanley decreased their price objective on Ringcentral from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Finally, Rosenblatt Securities increased their target price on Ringcentral from $32.00 to $37.50 and gave the stock a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.88.

Ringcentral Price Performance

Ringcentral stock opened at $39.50 on Friday. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 82.29, a P/E/G ratio of 1.21 and a beta of 1.23. The firm has a 50-day moving average of $28.38 and a 200-day moving average of $28.87. Ringcentral has a one year low of $20.58 and a one year high of $40.64.

Ringcentral (NYSE:RNG) last released its earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. Ringcentral had a negative return on equity of 29.05% and a net margin of 1.73%.The business had revenue of $644.03 million for the quarter, compared to analyst estimates of $643.52 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. Ringcentral’s revenue was up 4.8% on a year-over-year basis. 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, sell-side analysts expect that Ringcentral will post 1.29 earnings per share for the current year.

Ringcentral Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.30 annualized dividend and a dividend yield of 0.8%.

Insider Activity at Ringcentral

In other Ringcentral news, CAO Tarun Arora sold 3,888 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $28.70, for a total value of $111,585.60. Following the completion of the sale, the chief accounting officer owned 93,412 shares of the company’s stock, valued at approximately $2,680,924.40. This represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vladimir Shmunis sold 27,018 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $27.68, for a total transaction of $747,858.24. Following the completion of the sale, the chief executive officer owned 262,240 shares in the company, valued at approximately $7,258,803.20. This trade represents a 9.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 53,141 shares of company stock worth $1,491,632 in the last ninety days. Company insiders own 7.30% of the company’s stock.

Institutional Trading of Ringcentral

Large investors have recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in shares of Ringcentral by 43.3% in the 4th quarter. Invesco Ltd. now owns 218,456 shares of the software maker’s stock valued at $6,309,000 after acquiring an additional 65,975 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Ringcentral by 928.0% in the 4th quarter. Corient Private Wealth LLC now owns 86,537 shares of the software maker’s stock valued at $2,499,000 after purchasing an additional 78,119 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Ringcentral by 108.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,737 shares of the software maker’s stock valued at $599,000 after purchasing an additional 10,765 shares during the last quarter. Empowered Funds LLC lifted its stake in Ringcentral by 25.5% in the 4th quarter. Empowered Funds LLC now owns 64,549 shares of the software maker’s stock valued at $1,864,000 after purchasing an additional 13,134 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in Ringcentral by 30.7% during the fourth quarter. XTX Topco Ltd now owns 124,794 shares of the software maker’s stock worth $3,604,000 after purchasing an additional 29,281 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

More Ringcentral News

Here are the key news stories impacting Ringcentral this week:

• Positive Sentiment: Q4 beat and stronger guidance — RNG reported $1.18 EPS and $644.0M revenue, topping estimates, with subscription sales and margins improving; management raised FY‑2026 EPS and Q1 EPS guidance well above Street expectations, underpinning the move higher. MarketBeat Q4 release
• Positive Sentiment: AI momentum cited as driver — Management and coverage note that RingCentral’s AI features are lifting bookings and revenue trends, helping convince investors that the company can sustain growth vs. other software names. CNBC AI / rally article
• Positive Sentiment: Earnings coverage and analyst commentary reinforce the beat — Multiple outlets and earnings notes highlight improved subscription trends and margin expansion, supporting investor confidence in the company’s execution. Zacks Q4 coverage
• Positive Sentiment: Unusual call buying — Options flow showed a large spike in call purchases, signaling speculative or institutional bullish positioning that can amplify intraday moves. Options activity note
• Neutral Sentiment: Analyst target updates mixed — Rosenblatt raised its price target and maintained a buy rating, a supportive signal, though some targets and commentary vary across brokers. Benzinga note
• Neutral Sentiment: Small quarterly dividend declared — RingCentral announced a $0.075 per‑share dividend (ex‑dividend March 9), a modest yield that is unlikely to be a major stock mover. Dividend announcement
• Negative Sentiment: Valuation and risk attention — Coverage of RNG joining S&P indices also flags valuation and other risks, which could cap upside if investors focus on stretched multiples and execution risks. Yahoo S&P indices article
• Negative Sentiment: Profitability metrics still mixed — Reports note a very low net margin and negative return on equity, which may keep longer‑term skeptics cautious despite the quarter’s beat. Earnings call transcript

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.