RingCentral (RNG)

• Market cap: $2.13B
• 1 day: 0.87%
• 5 days: 6.34%
• 1 month: 2.99%
• 3 months: -28.35%
• 6 months: -28.29%
• Year to date: -26.79%
• 1 year: -13.91%
• 5 years: -88.84%
• 10 years: 48.00%
• Sector: Technology
• Industry: Software - Application

About: RingCentral is a unified communications as a service, or UCaaS, provider. Its software helps users communicate and collaborate via voice, video, and messaging across all device types and all from one platform. RingCentral helps customers modernize and move from legacy on-premises systems to modern, cloud-based systems. Beyond its core RingCentral MVP solution, RingCentral also offers a cloud-based contact center solution, a stand-alone video meetings solution, and webinars.

Employees: 4,260

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

78% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 37

40% more call options, than puts

Call options by funds: $44.8M | Put options by funds: $32.1M

17% more capital invested

Capital invested by funds: $2.46B [Q3] → $2.88B (+$420M) [Q4]

12% more repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 93

9% more funds holding

Funds holding: 279 [Q3] → 303 (+24) [Q4]

7.81% more ownership

Funds ownership: 94.91% [Q3] → 102.73% (+7.81%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $22 14% downside
• Avg. target: $31 22% upside
• High target: $40 57% upside

10 analyst ratings

• positive: 3 30%
• neutral: 6 60%
• negative: 1 10%

Rosenblatt Catharine Trebnick 53% 1-year accuracy 37 / 70 met price target	10% upside $28	Buy Maintained	24 Apr 2025
Wells Fargo Michael Turrin 48% 1-year accuracy 47 / 98 met price target	14% downside $22	Underweight Maintained	22 Apr 2025
Morgan Stanley Meta Marshall 53% 1-year accuracy 17 / 32 met price target	14% upside $29	Equal-Weight Maintained	16 Apr 2025
Mizuho Siti Panigrahi 50% 1-year accuracy 17 / 34 met price target	2% downside $25	Neutral Maintained	15 Apr 2025
Baird William Power 39% 1-year accuracy 9 / 23 met price target	25% upside $32	Neutral Maintained	25 Feb 2025