RingCentral (NYSE:RNG) Stock Price Down 5.2% – Time to Sell?

RingCentral, Inc. (NYSE:RNG)’s share price traded down 5.2% during mid-day trading on Friday . The stock traded as low as $35.15 and last traded at $35.0090. 77,717 shares changed hands during trading, a decline of 97% from the average session volume of 2,392,637 shares. The stock had previously closed at $36.92.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Mizuho lifted their price target on RingCentral from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Needham & Company LLC lifted their price target on RingCentral from $36.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 13th. Oppenheimer reiterated an “outperform” rating on shares of RingCentral in a report on Friday, February 20th. Weiss Ratings raised shares of RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Finally, UBS Group set a $38.00 target price on RingCentral in a report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.63.

RingCentral Trading Down 9.2%

The company has a fifty day moving average of $34.86 and a two-hundred day moving average of $30.62. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 69.87, a price-to-earnings-growth ratio of 1.32 and a beta of 1.14.

RingCentral (NYSE:RNG) last posted its earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.04. RingCentral had a negative return on equity of 28.14% and a net margin of 1.73%.The firm had revenue of $644.03 million during the quarter, compared to analyst estimates of $643.52 million. During the same period in the previous year, the company earned $0.98 EPS. The company’s revenue for the quarter 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 predict that RingCentral, Inc. will post 1.29 earnings per share for the current fiscal year.

RingCentral Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 9th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.30 dividend on an annualized basis and a yield of 0.9%. RingCentral’s payout ratio is currently 62.50%.

Insider Activity

In other RingCentral news, COO Kira Makagon sold 46,960 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $35.49, for a total transaction of $1,666,610.40. Following the completion of the transaction, the chief operating officer owned 369,524 shares of the company’s stock, valued at $13,114,406.76. The trade was a 11.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tarun Arora sold 8,840 shares of the business’s 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 253,031 shares of company stock worth $9,035,345 in the last 90 days. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC lifted its holdings in shares of RingCentral by 98.5% during the third quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock worth $26,000 after buying an additional 447 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings 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. lifted its holdings 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 approximately $30,000. Finally, Jones Financial Companies Lllp lifted 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 during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

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.