RingCentral, Inc. (RNG)’s Trend Up, Especially After Today’s Record High Milestone

February 15, 2018 - By Dolores Ford

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.32, from 1.31 in 2017Q2. It dived, as 18 investors sold RingCentral, Inc. shares while 62 reduced holdings. 26 funds opened positions while 53 raised stakes. 55.54 million shares or 2.55% more from 54.16 million shares in 2017Q2 were reported.
Raymond James Service has 0.01% invested in RingCentral, Inc. (NYSE:RNG) for 36,594 shares. Blackrock invested in 0.01% or 4.36 million shares. Fmr Lc invested in 4.80 million shares or 0.02% of the stock. Us Fincl Bank De has invested 0% in RingCentral, Inc. (NYSE:RNG). Goldman Sachs Group Inc has invested 0% in RingCentral, Inc. (NYSE:RNG). Barclays Public stated it has 91,204 shares or 0% of all its holdings. Tiaa Cref Investment Management Ltd Liability accumulated 444,353 shares. Tower Cap Llc (Trc) holds 0.01% of its portfolio in RingCentral, Inc. (NYSE:RNG) for 4,199 shares. Moreover, Clearbridge Investments Ltd has 0% invested in RingCentral, Inc. (NYSE:RNG) for 875 shares. Clearbridge Ltd Com owns 299,899 shares. Fortaleza Asset Management reported 1,190 shares. Gilder Gagnon Howe And Company Lc has invested 1.91% in RingCentral, Inc. (NYSE:RNG). Sei invested 0% of its portfolio in RingCentral, Inc. (NYSE:RNG). Columbia Partners L L C Invest Mgmt owns 99,795 shares or 0.55% of their US portfolio. Price T Rowe Incorporated Md has invested 0.01% in RingCentral, Inc. (NYSE:RNG).

Since August 16, 2017, it had 0 insider purchases, and 23 selling transactions for $18.13 million activity. Dhruv Mitesh also sold $131,160 worth of RingCentral, Inc. (NYSE:RNG) shares. Shah Praful also sold $476,500 worth of RingCentral, Inc. (NYSE:RNG) on Wednesday, December 20. Sipes David sold $337,896 worth of RingCentral, Inc. (NYSE:RNG) on Wednesday, October 11. The insider Williams R Neil sold $869,000. Another trade for 6,000 shares valued at $254,580 was sold by Marlow John H.

The stock of RingCentral, Inc. (NYSE:RNG) reached all time high today, Feb, 15 and still has $64.02 target or 7.00 % above today’s $59.83 share price. This indicates more upside for the $4.63B company. This technical setup was reported by Barchart.com. If the $64.02 PT is reached, the company will be worth $323.96M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 3.43% or $1.98 during the last trading session, reaching $59.83. About 556,096 shares traded or 16.48% up from the average. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since February 15, 2017 and is uptrending. It has outperformed by 64.15% the S&P500.

RingCentral, Inc. (NYSE:RNG) Ratings Coverage

Among 18 analysts covering RingCentral (NYSE:RNG), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. RingCentral had 60 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, December 12 by Robert W. Baird. The company was maintained on Tuesday, September 5 by Jefferies. The stock of RingCentral, Inc. (NYSE:RNG) earned “Buy” rating by Suntrust Robinson on Tuesday, June 27. The stock of RingCentral, Inc. (NYSE:RNG) earned “Outperform” rating by RBC Capital Markets on Tuesday, October 6. The firm has “Buy” rating given on Tuesday, February 13 by Craig Hallum. On Thursday, November 9 the stock rating was maintained by Jefferies with “Buy”. As per Friday, July 31, the company rating was upgraded by Raymond James. The rating was maintained by Jefferies with “Buy” on Monday, May 29. Canaccord Genuity initiated the shares of RNG in report on Monday, August 10 with “Buy” rating. The firm has “Neutral” rating by JP Morgan given on Tuesday, February 13.

More important recent RingCentral, Inc. (NYSE:RNG) news were published by: Businesswire.com which released: “RingCentral Announces Fourth Quarter and Full Year 2017 Results” on February 12, 2018, also Businesswire.com published article titled: “Zane Long, Vice President of Global Channel Sales at RingCentral, Recognized …”, Nasdaq.com published: “RingCentral Inc. (RNG) Has Jumped To A New High After Q4 Profit Beat” on February 13, 2018. More interesting news about RingCentral, Inc. (NYSE:RNG) was released by: Businesswire.com and their article: “MSX International Boosts Customer Experience and Connects Global Workforce …” with publication date: February 06, 2018.

RingCentral, Inc. provides software-as-a-service solutions for business communications in the United States and internationally. The company has market cap of $4.63 billion. The companyÂ’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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.