RingCentral (RNG)

• Market cap: $2.2B
• 1 day: -6.23%
• 5 days: -10.28%
• 1 month: -13.30%
• 3 months: -31.50%
• 6 months: -21.85%
• Year to date: -30.38%
• 1 year: -27.07%
• 5 years: -89.16%
• 10 years: 52.61%
• Sector: Technology
• Industry: Software - Application

24.25 USD

-1.61

6.23%

Updated Apr 3, 3:18 PM EDT

1 day

-6.23%

5 days

-10.28%

1 month

-13.30%

3 months

-31.50%

6 months

-21.85%

Year to date

-30.38%

1 year

-27.07%

5 years

-89.16%

10 years

52.61%

Fund manager confidence

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

81% more first-time investments, than exits

New positions opened: 67 | 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: $2.47B [Q3] → $2.89B (+$412M) [Q4]

12% more repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 93

9% more funds holding

Funds holding: 279 [Q3] → 304 (+25) [Q4]

7.48% more ownership

Funds ownership: 95.42% [Q3] → 102.9% (+7.48%) [Q4]

0% more funds holding in top 10

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

Research analyst outlook

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

• Low target: $30 24% upside
• Avg. target: $35 44% upside
• High target: $40 65% upside

9 analyst ratings

• positive: 3 33%
• neutral: 5 56%
• negative: 1 11%

Baird William Power 36% 1-year accuracy 8 / 22 met price target	32% upside $32	Neutral Maintained	25 Feb 2025
UBS Taylor McGinnis 22% 1-year accuracy 2 / 9 met price target	57% upside $38	Neutral Maintained	21 Feb 2025
Raymond James Brian Peterson 27% 1-year accuracy 7 / 26 met price target	65% upside $40	Outperform Maintained	21 Feb 2025
Piper Sandler James Fish 30% 1-year accuracy 7 / 23 met price target	28% upside $31	Neutral Maintained	21 Feb 2025
Needham Ryan Koontz 30% 1-year accuracy 3 / 10 met price target	48% upside $36	Buy Maintained	21 Feb 2025