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: 4,260
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
10 analyst ratings
Wells Fargo Michael Turrin 27% 1-year accuracy 27 / 99 met price target | 6%downside $22 | Underweight Maintained | 22 Apr 2025 |
Morgan Stanley Meta Marshall 47% 1-year accuracy 14 / 30 met price target | 23%upside $29 | Equal-Weight Maintained | 16 Apr 2025 |
Mizuho Siti Panigrahi 12% 1-year accuracy 4 / 33 met price target | 6%upside $25 | Neutral Maintained | 15 Apr 2025 |
Baird William Power 32% 1-year accuracy 7 / 22 met price target | 36%upside $32 | Neutral Maintained | 25 Feb 2025 |
UBS Taylor McGinnis 8% 1-year accuracy 1 / 12 met price target | 62%upside $38 | Neutral Maintained | 21 Feb 2025 |
Financial journalist opinion
Based on 10 articles about RNG published over the past 30 days
