Kira Makagon Sells 46,960 Shares of RingCentral (NYSE:RNG) Stock

RingCentral, Inc. (NYSE:RNG) COO Kira Makagon sold 46,960 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was 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 approximately $13,114,406.76. The trade was a 11.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kira Makagon also recently made the following trade(s):

• On Friday, December 26th, Kira Makagon sold 6,495 shares of RingCentral stock. The shares were sold at an average price of $29.22, for a total value of $189,783.90.
• On Wednesday, November 26th, Kira Makagon sold 14,798 shares of RingCentral stock. The stock was sold at an average price of $28.11, for a total value of $415,971.78.

RingCentral Price Performance

Shares of NYSE:RNG opened at $34.46 on Thursday. RingCentral, Inc. has a 1 year low of $20.58 and a 1 year high of $40.64. The company has a market cap of $2.98 billion, a P/E ratio of 71.80, a PEG ratio of 1.38 and a beta of 1.23. The stock’s fifty day moving average price is $28.70 and its 200-day moving average price is $29.02.

RingCentral (NYSE:RNG) last issued its earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $643.52 million. During the same quarter in the previous year, the firm earned $0.98 EPS. 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. On average, sell-side analysts anticipate that RingCentral, Inc. will post 1.29 earnings per share for the current year.

RingCentral Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, March 9th.

Institutional Investors Weigh In On RingCentral

Several institutional investors have recently modified their holdings of RNG. DGS Capital Management LLC bought a new position in shares of RingCentral during the 4th quarter valued at approximately $239,000. Kera Capital Partners Inc. increased its position in RingCentral by 75.5% during the fourth quarter. Kera Capital Partners Inc. now owns 16,633 shares of the software maker’s stock valued at $480,000 after acquiring an additional 7,153 shares during the last quarter. Invesco Ltd. raised its stake in shares of RingCentral by 43.3% in the fourth 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 lifted 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 worth $2,499,000 after acquiring an additional 78,119 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of RingCentral by 108.0% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,737 shares of the software maker’s stock worth $599,000 after purchasing an additional 10,765 shares during the period. 98.61% of the stock is owned by institutional investors.

RingCentral News Summary

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: Company announced its first quarterly dividend and expanded its buyback program after beating Q4 estimates — news that supports shareholder returns and helped spark recent upside. RingCentral Is Up After New Dividend, Buyback Expansion And AI Revenue Rebound
• Positive Sentiment: Record free cash flow, a return to positive GAAP operating margin and bullish FY26 guidance (stronger FCF, margin and subscription-growth targets) underpin the company’s ability to fund returns and de-lever. RingCentral’s Cash Flow Hit a Record—And It’s Fueling Bigger Returns
• Positive Sentiment: AI revenue and attach rates are accelerating (pure-AI ARR up sharply; AI attach rates doubled), which can lift ARPU and retention if adoption continues — a multi-quarter growth lever for investors. RingCentral AI traction coverage
• Neutral Sentiment: Analyst coverage is mixed: only a minority rate RNG a Buy and the consensus price target sits below recent trade, which limits near-term upside according to Street estimates. RNG Stock Page – MarketBeat
• Negative Sentiment: Significant insider selling this week — CEO, COO and CFO disclosed large share sales (multiple Form 4 filings) — which can be read as profit-taking or reduced insider conviction and tends to pressure sentiment. Insider Selling Alert
• Negative Sentiment: Short interest jumped ~24% in February to ~13.7% of the float (days-to-cover ~2.7), increasing the potential for downward pressure or volatility if negative sentiment persists. Short interest report

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Oppenheimer reaffirmed an “outperform” rating on shares of RingCentral in a report on Friday, February 20th. Piper Sandler raised their price target on RingCentral from $28.00 to $37.00 and gave the company a “neutral” rating in a report on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 price objective on shares of RingCentral in a research note on Tuesday, November 4th. Zacks Research cut RingCentral from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. Finally, Morgan Stanley increased their target price on RingCentral from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, RingCentral currently has an average rating of “Hold” and an average target price of $34.04.

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.