AlphaQuest LLC Has $515,000 Stake in Ringcentral, Inc. $RNG

AlphaQuest LLC lowered its stake in Ringcentral, Inc. (NYSE:RNG) by 58.5% in the third quarter, Holdings Channel reports. The fund owned 18,156 shares of the software maker’s stock after selling 25,596 shares during the quarter. AlphaQuest LLC’s holdings in Ringcentral were worth $515,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RNG. Mirae Asset Global Investments Co. Ltd. increased its position in Ringcentral by 858.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,645 shares of the software maker’s stock worth $330,000 after purchasing an additional 10,430 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Ringcentral by 544.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 91,918 shares of the software maker’s stock worth $2,605,000 after buying an additional 77,663 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Ringcentral by 31.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 38,847 shares of the software maker’s stock valued at $1,101,000 after acquiring an additional 9,362 shares during the last quarter. Olympiad Research LP bought a new position in shares of Ringcentral in the 3rd quarter valued at $230,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Ringcentral by 33.7% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 140,509 shares of the software maker’s stock valued at $3,982,000 after acquiring an additional 35,390 shares in the last quarter. 98.61% of the stock is owned by institutional investors.

Ringcentral Stock Performance

Shares of NYSE RNG opened at $25.37 on Friday. The company’s 50 day moving average price is $28.38 and its 200-day moving average price is $28.60. Ringcentral, Inc. has a 52-week low of $20.58 and a 52-week high of $35.25. The company has a market capitalization of $2.20 billion, a P/E ratio of 181.24, a price-to-earnings-growth ratio of 1.09 and a beta of 1.23.

Ringcentral (NYSE:RNG) last announced its earnings results on Monday, November 3rd. The software maker reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. The business had revenue of $638.66 million during the quarter, compared to the consensus estimate of $635.39 million. Ringcentral had a net margin of 0.53% and a negative return on equity of 22.38%. Ringcentral’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 earnings per share. Analysts forecast that Ringcentral, Inc. will post 1.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Tarun Arora sold 3,888 shares of Ringcentral stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $28.70, for a total value of $111,585.60. Following the completion of the transaction, the chief accounting officer directly owned 93,412 shares of the company’s stock, valued at approximately $2,680,924.40. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Vladimir Shmunis sold 27,018 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $27.68, for a total value of $747,858.24. Following the completion of the transaction, the chief executive officer directly owned 262,240 shares in the company, valued at $7,258,803.20. This represents a 9.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 115,838 shares of company stock valued at $3,164,064. 7.30% of the stock is currently owned by insiders.

Ringcentral News Roundup

Here are the key news stories impacting Ringcentral this week:

• Positive Sentiment: Industry recognition: RingCentral was named a top provider in Metrigy’s 2025 MetriStar UCaaS report, reinforcing its competitive position in unified communications — a long-term positive for enterprise win rates and customer retention. RingCentral Recognized as a Top Provider in Metrigy’s 2025 MetriStar UCaaS Report
• Positive Sentiment: Reputational reinforcement across outlets (TMCNet coverage) repeats the Metrigy recognition and may support medium-term demand confidence. RingCentral Recognized as a Top Provider in Metrigy’s 2025 MetriStar UCaaS Report
• Neutral Sentiment: Analyst consensus/coverage: An aggregation piece reports an average analyst recommendation of “Hold,” indicating mixed views among analysts and limited near-term conviction. Ringcentral, Inc. (NYSE:RNG) Receives Average Recommendation of “Hold” from Analysts
• Neutral Sentiment: Market commentary: Several articles consider whether the share slump creates an opportunity — these are exploratory/valuation discussions rather than new catalysts, so they may attract bargain hunters but don’t change fundamentals immediately. Is There Now An Opportunity In RingCentral (RNG) After Multi Year Share Price Slump
• Negative Sentiment: Analyst downgrade: Zacks Research cut RingCentral from “Hold” to “Strong Sell” — a clear near-term negative that can drive selling pressure from momentum or ETF flows tied to analyst sentiment. Zacks Research downgrade
• Negative Sentiment: Sector/headline-driven selling: Coverage that grouped RingCentral with other tech names that “plummeted” signals a broader market rotation or risk-off move affecting software/UCaaS stocks — an external factor pressuring the share price today. Samsara, Appian, RingCentral, Veeva Systems, and PubMatic Shares Plummet, What You Need To Know

Wall Street Analyst Weigh In

RNG has been the subject of a number of recent research reports. Morgan Stanley lowered their target price on Ringcentral from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Zacks Research downgraded Ringcentral from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ringcentral in a research report on Monday, December 29th. Needham & Company LLC reissued a “buy” rating and set a $36.00 target price on shares of Ringcentral in a report on Tuesday, November 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $32.00 price target on shares of Ringcentral in a research note on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $31.46.

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.