RingCentral (NYSE:RNG) Stock Passes Above Fifty Day Moving Average – Time to Sell?

RingCentral, Inc. (NYSE:RNG)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $32.04 and traded as high as $39.18. RingCentral shares last traded at $38.7120, with a volume of 1,701,534 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Mizuho upped their price objective on shares of RingCentral from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Robert W. Baird lifted their target price on shares of RingCentral from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, February 23rd. Weiss Ratings raised shares of RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Morgan Stanley upped their price target on shares of RingCentral from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Finally, Oppenheimer reiterated an “outperform” rating on shares of 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.63.

RingCentral Trading Up 2.9%

The business has a fifty day simple moving average of $32.04 and a two-hundred day simple moving average of $30.07. The company has a market cap of $3.35 billion, a PE ratio of 80.65, a price-to-earnings-growth ratio of 1.48 and a beta of 1.14.

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 analysts’ consensus estimates of $1.14 by $0.04. The business had revenue of $644.03 million during the quarter, compared to analyst estimates of $643.52 million. RingCentral had a net margin of 1.73% and a negative return on equity of 28.14%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Equities analysts expect that RingCentral, Inc. will post 1.29 EPS for the current year.

RingCentral Dividend Announcement

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

Insider Buying and Selling

In other RingCentral news, CFO Vaibhav Agarwal sold 18,680 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $36.33, for a total transaction of $678,644.40. Following the transaction, the chief financial officer owned 139,493 shares of the company’s stock, valued at approximately $5,067,780.69. The trade was a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Tarun Arora sold 8,840 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $40.69, for a total value of $359,699.60. Following the completion of the sale, the chief accounting officer owned 75,492 shares of the company’s stock, valued at approximately $3,071,769.48. The trade was a 10.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 259,526 shares of company stock valued at $9,225,128. 7.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC grew its holdings in shares of RingCentral by 76.7% in the fourth quarter. Hsbc Holdings PLC now owns 101,445 shares of the software maker’s stock valued at $2,934,000 after purchasing an additional 44,018 shares during the period. Rockefeller Capital Management L.P. raised its stake in 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 purchasing an additional 424 shares during the period. Corient Private Wealth LLC boosted its holdings in RingCentral by 194.4% in the 4th quarter. Corient Private Wealth LLC now owns 24,783 shares of the software maker’s stock valued at $716,000 after purchasing an additional 16,365 shares during the last quarter. DGS Capital Management LLC purchased a new stake in shares of RingCentral in the 4th quarter valued at approximately $239,000. Finally, Kera Capital Partners Inc. grew its stake in shares of RingCentral by 75.5% in the 4th quarter. Kera Capital Partners Inc. now owns 16,633 shares of the software maker’s stock valued at $480,000 after buying an additional 7,153 shares during the period. Hedge funds and other institutional investors 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.