Investors sentiment decreased to 1.08 in Q3 2018. Its down 0.01, from 1.09 in 2018Q2. It turned negative, as 24 investors sold RingCentral, Inc. shares while 82 reduced holdings. 47 funds opened positions while 68 raised stakes. 60.93 million shares or 2.74% more from 59.30 million shares in 2018Q2 were reported.
Strs Ohio accumulated 2,792 shares. Soros Fund Lc owns 0.77% invested in RingCentral, Inc. (NYSE:RNG) for 375,000 shares. Los Angeles Capital Mngmt & Equity Research reported 35,190 shares or 0.02% of all its holdings. First Hawaiian Financial Bank, a Hawaii-based fund reported 710 shares. Bessemer Gru Incorporated owns 83 shares or 0% of their US portfolio. Sei Investments invested in 14,147 shares. Cambridge Trust Company owns 7,880 shares. Pnc Finance Grp accumulated 30,459 shares. Gradient Invests Limited Liability Co holds 0% of its portfolio in RingCentral, Inc. (NYSE:RNG) for 299 shares. Coe Cap Mngmt Ltd Liability Co invested in 1.11% or 12,091 shares. 104,714 were accumulated by Products Partners Limited Liability Company. Tower Capital Limited Liability Corporation (Trc) invested in 0% or 19 shares. Meeder Asset Mgmt Inc has invested 0.07% in RingCentral, Inc. (NYSE:RNG). State Of Wisconsin Investment Board has 12,944 shares for 0% of their portfolio. State Street has invested 0.01% of its portfolio in RingCentral, Inc. (NYSE:RNG).
Since July 25, 2018, it had 0 insider buys, and 30 selling transactions for $35.69 million activity. Dhruv Mitesh sold $195,774 worth of stock or 2,471 shares. On Monday, August 20 Shmunis Vladimir sold $7.91 million worth of RingCentral, Inc. (NYSE:RNG) or 88,197 shares. On Monday, August 27 the insider Marlow John H sold $1.36 million. Sipes David sold 9,300 shares worth $754,550. $220,000 worth of stock was sold by Michelle McKenna on Wednesday, December 12.
Analysts expect RingCentral, Inc. (NYSE:RNG) to report $-0.04 EPS on February, 11.They anticipate $0.04 EPS change or 50.00 % from last quarter’s $-0.08 EPS. After having $-0.03 EPS previously, RingCentral, Inc.’s analysts see 33.33 % EPS growth. The stock decreased 0.31% or $0.27 during the last trading session, reaching $86.91. About 724,729 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 73.24% since January 12, 2018 and is uptrending. It has outperformed by 73.24% the S&P500.
RingCentral, Inc. (NYSE:RNG) Ratings Coverage
Among 5 analysts covering RingCentral (NYSE:RNG), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. RingCentral had 6 analyst reports since July 12, 2018 according to SRatingsIntel. Robert W. Baird maintained the shares of RNG in report on Tuesday, August 7 with “Neutral” rating. The stock has “Outperform” rating by Robert W. Baird on Monday, November 19. The company was maintained on Tuesday, August 7 by Bank of America. The firm has “Equal-Weight” rating given on Monday, January 7 by Morgan Stanley.
RingCentral, Inc. provides software-as-a-service solutions for business communications in the United States and internationally. The company has market cap of $6.98 billion. The company??s products include RingCentral Office, a multi-tenant, multi-location, enterprise-grade communications solution that enables employees to communicate through voice, text, team messaging and collaboration, and HD video and Web conferencing, including smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing subscription with text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. It currently has negative earnings. The Company’s products also comprise RingCentral Contact Center, which provides a cloud based contact center solution that delivers multi-channel capabilities; and RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office.
More notable recent RingCentral, Inc. (NYSE:RNG) news were published by: Seekingalpha.com which released: “RingCentral +5.4% after beat-and-raise in Q3 – Seeking Alpha” on November 05, 2018, also Seekingalpha.com with their article: “RingCentral to acquire Dimelo – Seeking Alpha” published on October 11, 2018, Zacks.com published: “DFIN vs. RNG: Which Stock Should Value Investors Buy Now? – Zacks.com” on January 08, 2019. More interesting news about RingCentral, Inc. (NYSE:RNG) were released by: Fool.com and their article: “5 Monster Stocks in the Making to Buy for 2019 – The Motley Fool” published on December 18, 2018 as well as Seekingalpha.com‘s news article titled: “Billion-Dollar Unicorns: RingCentral Counting On Acquisitions And AI Upgrades – Seeking Alpha” with publication date: November 23, 2018.
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