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RingCentral, Inc is a provider of software-as-a-service (SaaS) solutions for businesses to support modern communications. It provides solutions such as auto-receptionist, flexible extension structure, multiple voicemail boxes, smart call routing, business answering rules, extension dialing, call transfers and elegant integration with Smartphones. Group Inc reported 0.01% in RingCentral Inc (NYSE:RNG). Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Northland Securities reaffirmed a "buy" rating and set a $46.00 price target on shares of RingCentral in a research note on Friday. Jefferies Group reaffirmed a buy rating on shares of RingCentral in a report on Wednesday, October 26th. The stock has "Hold" rating by Robert W. Baird on Thursday, November 9. Zacks Investment Research's price target points to a potential upside of 13.04% from the company's current price. Bank of America Corporation lifted their price target on shares of RingCentral from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, October 25th. Robert W. Baird initiated RingCentral Inc (NYSE:RNG) rating on Friday, August 26. The stock of RingCentral Inc (NYSE:RNG) earned "Buy" rating by Oppenheimer on Thursday, August 3. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Craig Hallum now has a $50.00 price objective on the software maker's stock, up from their previous price objective of $40.00. Portolan Capital Mngmt Limited Liability has invested 1.1% of its portfolio in RingCentral Inc (NYSE:RNG). RingCentral has a 52 week low of $13.88 and a 52 week high of $25.67. The stock was sold at an average price of $39.50, for a total transaction of $869,000.00. The rating was maintained by RBC Capital Markets on Wednesday, December 9 with "Outperform".
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Ringcentral (NYSE:RNG) last issued its earnings results on Wednesday, November 8th.
Amalgamated Bank reduced its holdings by selling 49 shares a decrease of 0.6% from 06/30/2017 to 09/30/2017. Ringcentral had a negative return on equity of 17.97% and a negative net margin of 5.80%. The company had revenue of $129.76 million for the quarter, compared to analysts' expectations of $126.06 million. They expect $0.18 earnings per share, down 14.29% or $0.03 from last year's $0.21 per share. The business's quarterly revenue was up 34.0% on a year-over-year basis. They expect $-0.08 EPS, 0.00% or $0.00 from last year's $-0.08 per share. The shares were sold on October 11th for an average price of $43.32. Also, insider Praful Shah sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 22nd. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
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In related news, COO David Sipes sold 1,500 shares of the stock in a transaction on Monday, October 16th. About 246,036 shares traded or 12.97% up from the average. The disclosure for this sale can be found here. Corporate insiders own 14.53% of the company's stock.
Institutional investors and hedge funds have recently modified their holdings of the company. During the same period last year, the business posted $0.03 earnings per share. equities research analysts anticipate that Ringcentral will post -0.35 EPS for the current fiscal year. Following the sale, the chief operating officer now directly owns 291,580 shares in the company, valued at $11,266,651.20. Amalgamated Bank acquired a new position in Ringcentral in the first quarter valued at about $203,000. BlackRock Institutional Trust Company N.A. now owns 1,496,736 shares of the company's stock valued at $23,574,000 after buying an additional 135,426 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of RingCentral by 134.9% in the first quarter. Ameritas Investment Partners Inc. now owns 5,480 shares of the software maker's stock valued at $200,000 after acquiring an additional 418 shares during the period. The stock was sold at an average price of $37.98, for a total transaction of $379,800.00.
Insider Trading at HSBC Holdings plc?
If you are viewing this article on another domain, it was stolen and reposted in violation of global copyright and trademark laws. The value of the investment in (HSBC) went from $129,448,000 to $131,319,000 a change of $1,871,000 for the reporting period.