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Here is a breakdown of major shareholders in RingCentral Inc. (NYSE: RNG)

RingCentral Inc. (NYSE: RNG) is -77.04% lower on its value in year-to-date trading and has touched a low of $40.59 and a high of $315.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RNG stock was last observed hovering at around $43.41 in the last trading session, with the day’s loss setting it -0.4% off its average median price target of $80.00 for the next 12 months. It is also 64.16% off the consensus price target high of $120.00 offered by 28 analysts, but current levels are 25.84% higher than the price target low of $58.00 for the same period.

Currently trading at $43.01, the stock is -1.22% and -10.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.73 million and changing -0.92% at the moment leaves the stock -57.84% off its SMA200. RNG registered -80.67% loss for a year compared to 6-month loss of -66.11%.

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The stock witnessed a -4.29% gain in the last 1 month and extending the period to 3 months gives it a -18.00%, and is -4.08% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.85% over the week and 4.74% over the month.

RingCentral Inc. (RNG) has around 3919 employees, a market worth around $4.34B and $1.82B in sales. Fwd P/E is 17.34. Profit margin for the company is -31.70%. Distance from 52-week low is 5.96% and -86.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.50%).

RingCentral Inc. (RNG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for RingCentral Inc. (RNG) is a “Buy”. 28 analysts offering their recommendations for the stock have an average rating of 1.90, where 4 rate it as a Hold and 2 think it is a “Overweight”. 22 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

RingCentral Inc. is expected to release its quarterly report on 11/07/2022.The EPS is expected to shrink by -338.20% this year

RingCentral Inc. (RNG) Top Institutional Holders

The shares outstanding are 95.13M, and float is at 84.54M with Short Float at 7.82%.

RingCentral Inc. (RNG) Insider Activity

A total of 73 insider transactions have happened at RingCentral Inc. (RNG) in the last six months, with sales accounting for 39 and purchases happening 34 times. The most recent transaction is an insider sale by Marlow John H, the company’s SVP, CAO & General Counsel. SEC filings show that Marlow John H sold 6,047 shares of the company’s common stock on Aug 29 at a price of $42.05 per share for a total of $0.25 million. Following the sale, the insider now owns 0.2 million shares.

RingCentral Inc. disclosed in a document filed with the SEC on Aug 23 that Agarwal Vaibhav (Chief Accounting Officer) sold a total of 3,149 shares of the company’s common stock. The trade occurred on Aug 23 and was made at $44.23 per share for $0.14 million. Following the transaction, the insider now directly holds 0.1 million shares of the RNG stock.

Still, SEC filings show that on Aug 23, Katibeh Mohammed (President and COO) disposed off 2,750 shares at an average price of $44.23 for $0.12 million. The insider now directly holds 128,745 shares of RingCentral Inc. (RNG).

RingCentral Inc. (RNG): Who are the competitors?

The company’s main competitors (and peers) include Akamai Technologies Inc. (AKAM) that is trading -21.65% down over the past 12 months and AT&T Inc. (T) that is -20.39% lower over the same period. 8×8 Inc. (EGHT) is -84.38% down on the 1-year trading charts.

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