RingCentral
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: 4,084
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
36% more call options, than puts
Call options by funds: $42.5M | Put options by funds: $31.3M
7% more capital invested
Capital invested by funds: $2.3B [Q2] → $2.46B (+$164M) [Q3]
0% more funds holding
Funds holding: 277 [Q2] → 277 (+0) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 44
10% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 102
4.13% less ownership
Funds ownership: 99.05% [Q2] → 94.93% (-4.13%) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Baird William Power 64% 1-year accuracy 14 / 22 met price target | 3%upside $38 | Neutral Maintained | 11 Nov 2024 |
Needham Ryan Koontz 59% 1-year accuracy 52 / 88 met price target | 14%upside $42 | Buy Reiterated | 11 Nov 2024 |
Rosenblatt Catharine Trebnick 62% 1-year accuracy 38 / 61 met price target | 22%upside $45 | Buy Maintained | 8 Nov 2024 |
Raymond James Brian Peterson 48% 1-year accuracy 11 / 23 met price target | 35%upside $50 | Strong Buy Maintained | 8 Nov 2024 |
Wedbush Taz Koujalgi 86% 1-year accuracy 18 / 21 met price target | 11%upside $41 | Neutral Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 16 articles about RNG published over the past 30 days
