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RingCentral jumps after Q3 beat and higher full-year outlook

Investivoq PriceTracker

RingCentral (RNG) is up 7.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied mainly to a strong third-quarter earnings report that showed better profitability, solid subscription growth, and another increase to full-year 2026 guidance. Investor enthusiasm also seems to be getting an extra lift from signs that the company’s AI products are gaining traction and from post-earnings price-target increases by several analysts.

Details:

  • RingCentral said third-quarter subscription revenue rose 6.0% year over year to $653 million, while total revenue increased 5.9% to $676 million.
  • Profitability improved meaningfully, with non-GAAP operating margin reaching 24.7% and non-GAAP EPS climbing to $1.33 from $1.13 a year earlier.
  • The company raised its full-year 2026 outlook for subscription revenue, total revenue, non-GAAP operating margin, non-GAAP EPS, and free cash flow, which often acts as a strong catalyst for software stocks.
  • Management also highlighted that ARR from customers using a native paid AI product is approaching 15% and has doubled from a year ago, while gross debt was reduced to about $1 billion.

    • Sources:

    RingCentral Investor Relations, SEC, TipRanks

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $RNG Insider Trading Activity

    RNG Insider Trades

    $RNG insiders have traded $RNG stock on the open market 35 times in the past 6 months. Of those trades, 0 have been purchases and 35 have been sales.

    Here’s a breakdown of recent trading of $RNG stock by insiders over the last 6 months:

    • KIRA MAKAGON (President and COO) has made 0 purchases and 5 sales selling 59,043 shares for an estimated $3,495,967.
    • VLADIMIR SHMUNIS (CEO and Chairman) has made 0 purchases and 11 sales selling 53,973 shares for an estimated $3,017,954.
    • VAIBHAV AGARWAL (Chief Financial Officer) has made 0 purchases and 6 sales selling 26,089 shares for an estimated $1,467,348.
    • TARUN ARORA (Chief Accounting Officer) has made 0 purchases and 10 sales selling 20,950 shares for an estimated $1,209,604.
    • AMY GUGGENHEIM SHENKAN has made 0 purchases and 2 sales selling 2,529 shares for an estimated $151,060.
    • ROBERT I THEIS sold 2,530 shares for an estimated $101,908

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $RNG Hedge Fund Activity

    We have seen 202 institutional investors add shares of $RNG stock to their portfolio, and 165 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • INVENOMIC CAPITAL MANAGEMENT LP removed 812,308 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $31,663,765
    • FIRST TRUST ADVISORS LP added 766,857 shares (+48.6%) to their portfolio in Q2 2026, for an estimated $29,892,085
    • LSV ASSET MANAGEMENT added 724,600 shares (+22.3%) to their portfolio in Q2 2026, for an estimated $28,244,907
    • JACOBS LEVY EQUITY MANAGEMENT, INC removed 723,944 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $28,219,337
    • PANAGORA ASSET MANAGEMENT INC added 651,374 shares (+89.0%) to their portfolio in Q2 2026, for an estimated $25,390,558
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 634,638 shares (+inf%) to their portfolio in Q2 2026, for an estimated $24,738,189
    • JPMORGAN CHASE & CO added 627,651 shares (+inf%) to their portfolio in Q2 2026, for an estimated $24,465,835

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $RNG Government Contracts

    We have seen $24,200 of award payments to $RNG over the last year.

    Here are some of the awards which we have have seen pay out the most over the last year:

    • UCAAS SYSTEM FOR SAO - HAWAII: $24,200

    To track government contracts to publicy traded companies, check out Investivoq's government contracts dashboard. You can access data on government contracts through the Investivoq API government contracts endpoint.

    $RNG Analyst Ratings

    Wall Street analysts have issued reports on $RNG in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Rosenblatt issued a "Buy" rating on 05/08/2026

    To track analyst ratings and price targets for $RNG, check out Investivoq's $RNG forecast page.

    $RNG Price Targets

    Multiple analysts have issued price targets for $RNG recently. We have seen 3 analysts offer price targets for $RNG in the last 6 months, with a median target of $43.0.

    Here are some recent targets:

    • Elizabeth Porter from Morgan Stanley set a target price of $40.0 on 05/11/2026
    • Catharine Trebnick from Rosenblatt set a target price of $50.0 on 05/08/2026
    • Ryan Macwilliams from Wells Fargo set a target price of $43.0 on 05/08/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.